But the average cost per unit can range anywhere from $2,672 - $6,575. The national average is $4,820 - $9,350 for a full furnace installation. This includes the furnace itself, labor fees, ductwork, removal, and disposal of the old furnace, as well as other installation costs or upgrades included.
This can lead to a wide range of installation costs. The national average cost for installing a gas furnace in a 2,000 sq. ft. home is $4,000 to $8,000, with most people paying around $6,000 for a high-efficiency gas furnace installed with minor modifications to update the vent and drain.
Older furnaces need annual check ups. Main thing is the heat exchanger getting a crack, which could lead to fire or carbon monoxide poisioning. 20 years is a good time to start considering a new one but not essential, if the tech that comes to clean the burners sees an issue they will point it out to you.
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.
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.
Furnace Size and Efficiency
The size and efficiency of the unit affect the installation cost. Larger furnaces with higher efficiency cost more. This includes both the upfront price and installation fees. An energy-efficient furnace can save you money on heating bills.
For people taking a proactive approach, doing a furnace replacement during the “shoulder seasons” of spring and autumn may offer lower prices, shorter lead times, and a better selection of products and service appointment availability.
A heat exchanger replacement is often one of the most costly repairs in a furnace, and the expense can sometimes rival that of installing a new furnace. Typical replacement costs vary widely but can easily reach several thousand dollars, especially if labor costs are factored in.
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.
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.
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.
While the spring and early summer often bring sales on furnaces, the period between late summer and early fall is typically marked by special discounts and bundled deals on furnace-air conditioner combos. Being aware of these seasonal promotions can help you potentially save hundreds of dollars.
Ideally, you would have your furnace serviced at least once a year. To elaborate on that point, you should have your furnace serviced at least once a year to catch any problems early on and to keep your furnace in top condition. Professional maintenance and cleaning provide many benefits, which we'll cover next.
The Home Depot proudly installs four of the top HVAC brands in the U.S.: Carrier, Rheem, Lennox and Amana. These brands are: Trusted. Known for their reliability.
Repair: If your furnace system is less than 15 years old and the cost of repair is less than half the cost of replacement. Replace: If your furnace system is more than 15 years old and requires a costly repair to maintain efficiency.
The average cost of an HVAC service call is about $100 to $250, depending on the problem. The total hourly rate for an HVAC technician ranges from $65 to $150+ per hour, with additional parts costing anywhere from $40 to over $1000.
Most experts recommend getting three to five HVAC quotes from licensed, insured, reputable local heating and cooling companies. Getting multiple detailed HVAC quotes (but not too many) lets you compare the equipment, services, and prices of several contractors without being overwhelmed by options.
Government Programs: Weatherization Assistance Program (WAP):This federal program assists low-income families and individuals with weatherization measures,including furnace replacement.
Installation Entails More than Just the Furnace
For a gas-powered furnace, a contractor must set up a gas connection and vent. Installing an electric furnace requires running wiring, adding a circuit breaker, or perhaps updating an electrical panel. Holes are often drilled for pipes and wires.
One of the main ways that energy-efficient furnaces save you money is by reducing your monthly utility bills. Older furnaces tend to be less efficient, meaning they consume more energy to produce the same amount of heat. This translates to higher energy bills month after month.
Several HVAC manufacturers have officially declared upcoming price hikes for 2024, garnering attention as a new wave of increases takes effect. There is a noticeable industry-wide trend of manufacturers elevating the prices of equipment, parts, and supplies.
A well-maintained furnace can last up to 20 years, but issues become more likely after 10 years. With proper care, you can expect an additional 5 to 10 years of functionality, though warranties often expire by year 12. Beyond 15 years or without maintenance, consider planning for a new furnace.