Typically, labor can cost anywhere from $75 to $100 an hour depending on the company and area as well as the complexity of the job. There could be an additional $50 an hour for an assistant. As well as charges for inspection of the furnace ranging from $200 to $260.
Labor. In most cases, labor costs for installing a new furnace can run from $75 to $100 per hour.
On average, customers can expect to pay between $2,500 and $7,500 for a new furnace, including installation costs. Home Depot also offers financing options to help purchase a new furnace more affordable.
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.
Installation Entails More than Just the Furnace
Holes are often drilled for pipes and wires. The technician must also transport the furnace and move it to the proper location, which can be difficult depending on the space available and if the unit is placed downstairs.
If you're worried about not having heat while the installation is in progress, the good news is that most replacements won't take more than a day. On average, home heating companies can complete the installation in about four to eight hours, depending on the size of your house.
Gas Furnace: $3,000 – $6,000. Electric Furnace: $2,500 – $5,000.
The good news is that as long as the existing ductwork in your home is in tip-top condition and doesn't require a repair or replacement, the furnace installation should be completed within a day. On average, it takes about four to 10 hours to wrap up a furnace install, depending on the type and size of the unit.
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.
Average Costs for Installing an HVAC System with Ductwork
2-ton HVAC system: $8,000-$12,000, depending on the brand. 3-ton HVAC system: $9,500-$13,500, depending on the brand.
Some DIY Work Can Be Illegal
In California, installing a furnace or other major HVAC component requires pulling a building permit, which is issued by the city or county. A permit ensures a project is inspected and meets safety and structural standards.
The Average Furnace Lifespan
A well-maintained furnace can last at least 15 to 20 years, but completing annual maintenance and being diligent with repairs can extend its life even longer.
When technicians pass the licensing exam, they are deemed fully knowledgeable in the HVAC field. Handymen won't have an HVAC license, which means they may not even possess adequate training to successfully work on your heating or cooling system.
Several factors influence how much you'll pay for labor for your next HVAC repair or replacement service. However, the average cost of HVAC labor is $75 to $150 per hour.
Identifying the Priciest Component: The Heat Exchanger
Due to its complex role, a failure or crack in the heat exchanger can lead to serious issues, including dangerous carbon monoxide leaks. This makes furnace repair essential to maintain safety and functionality.
The cost of a new furnace installation varies widely from $2,000 to $8,000+, with numerous factors such as size, type, efficiency, branding, and additional work such as duct modifications affecting the total price.
More than likely, your policy doesn't cover flooding or earthquakes. That makes sense since not all areas of the country are prone to earthquakes or flooding. If you need coverage, you'll need to purchase a policy for whichever you need. Earthquake insurance and flooding insurance are two different policies.
The cost for removal and disposal of an old furnace can range from $60 - $500. Ductwork: If your ductwork requires only simple duct modifications, the costs might be minimal, or up to $1000. For a completely new duct system, the price can add up to as much as $7000.
Your HVAC contractor will start the process by assess your home's heating needs based on size, insulation, and layout. The furnace installer will then recommend the appropriate furnace type (gas, electric, oil) and size based on the home evaluation.
4-8 hours. Furnace installation in a residential home usually takes 4-8 hours, depending on the complexity of the job. Additional time may need to be added to account for ductwork, electrical, or gas line modifications to properly match the new equipment.
Better pricing: Since there's less demand for HVAC system replacement in spring and fall, your HVAC contractor might even offer their own savings incentives.
According to our research, the average cost to replace a furnace is between $1,600 and $10,000.
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.