Long-Term Savings: Although high-efficiency furnaces are more expensive to install, they usually last longer and have fewer restoration issues, resulting in long-term savings on energy bills that will eventually pay for themselves.
A furnace that receives regular maintenance can last at least 15 to 20 years, but completing annual maintenance and being diligent with repairs can extend the life of a furnace even longer.
High efficiency furnaces run more often to save energy and reduce your utility bills. By running more consistently, the furnace can operate at an even pace throughout the day rather than working hard in spurts. This allows your home to be heated more evenly and reduces the amount of energy wasted.
A5: With proper care, electric furnaces can last around 20-30 years, while gas furnaces can last about 15-20 years on average.
We recommend two tune-ups a year: once in the fall, and once in the spring. If you skip some, the furnace will lose some efficiency. And the older it gets, even with great maintenance, the poorer it will perform.
Heat pumps: 10 to 16 years. Furnaces and boilers: 15 to 20 years. Geothermal heat pumps: 25 to 30 years; ground loops will last upwards of 50 years. Solar: 25 to 30 years.
Efficiency and Furnace Cost
While high-efficiency furnaces with an AFUE of 96% or more cost between $2,000 and $6,000, standard-efficiency units with an AFUE of 80% to 89% are priced from $500 to $1,500. Upgrading to a high-efficiency furnace with a higher AFUE rating can lead to significant energy cost savings.
Average Furnace Lifespan
On average, a gas furnace will last between 15 and 30 years. While rare, some residential furnaces have endured for 40 years or more. With routine, annual maintenance and the occasional cleaning, your furnace can easily last for 15 years or more. Of course, there are factors to consider, too.
Property appraisers will consider all the improvements in your property when assessing its market value. A new high-efficiency furnace will positively impact the property appraisal, especially in a climate like Elgin's.
A furnace with an AFUE rating of 95% will require significantly less fuel (natural gas) to heat your home than a unit with an 80% AFUE rating. While higher-efficiency furnaces tend to cost more upfront, they allow homeowners to save money on heating costs every year.
Recommended maintenance includes cleaning the filters, checking the burner and heat exchanger, and inspecting electrical connections. An annual service plan can help ensure your furnace runs efficiently and prevent costly breakdowns.
Replacing a 20-year-old gas furnace is typically a wise investment. In a country with diverse climates and heating needs, the benefits of a modern, energy-efficient furnace are manifold.
While a 95% efficient furnace will come at a higher upfront cost than an 80% furnace, the savings you will recoup in energy usage will soon offset that and continue to save you money compared to a baseline, standard efficiency heater.
Because the furnace constantly uses air to burn, it will also draw in cold, dry air from outdoors, which in turn affects your residence's humidity. High-efficiency furnaces, also referred to as a sealed combustion furnace, are better at keeping your humidity even.
First, know if you have a gas, electric or oil furnace. Electric furnace installation tends to be the least expensive, ranging between $3,000 and $7,000, according to HomeAdvisor. Installing a natural gas furnace falls in the range of $3,800 to $10,000, and an oil furnace ranges $6,750 to $10,0000.
As mentioned earlier, air conditioners typically last 12 to 15 years, and furnaces last 20 to 30 years. If your system is approaching or has surpassed these age ranges, it's wise to start planning for a replacement.
Gas Furnace: $3,000 – $6,000. Electric Furnace: $2,500 – $5,000.
Your base homeowners policy will cover many types of damage to your furnace. An extra endorsement known as Equipment Breakdown Coverage (EBC) will give you additional coverage for certain types of mechanical or electrical failure.
Long-term savings on energy costs.
Two-stage furnaces cost more to purchase and install than traditional models. But factoring in their 20-25 percent fuel efficiency advantage, and assuming a normal lifespan of about 20 years, the extra cost will be more than erased by the cumulative energy savings.
That depends entirely on the make and model furnace that you choose. Many, but not all, high-efficiency furnaces have thermostats built in. One safe assumption to make is that if you're replacing your furnace then your thermostat probably needs to be updated as well.
The Lifestory Research 2024 America's Most Trusted® HVAC System Study found Trane to be the most trusted brand among people considering the purchase of an HVAC System. With the Net Trust Quotient Score of 116.4, Trane had the highest trust rating among the most popular HVAC System brands.
Depending on normal weather patterns, the best time to buy an air conditioner is in the Spring (March and April) and the best time to install a new furnace is in the fall (September and October).
Trane Named America's Most Trusted HVAC Brand for 11th Consecutive Year in Lifestory Research Study. NEWPORT BEACH, CA, UNITED STATES, January 7, 2025 /EINPresswire.com/ -- The results are in, and Trane has once again been named America's Most Trusted® HVAC brand by Lifestory Research.