Furnaces keep you snuggly warm during cold weather. A working furnace heats the air before circulating it via the blower. Many consumers have no clue how much a furnace costs or what factors influence that cost.
Factors That Affect the Furnace Cost
The bigger your home, apartment, or condo, the more expensive your heater will be. Your furnace should be appropriate for the size of your home. A heater with too much capacity will heat you like a sauna, while one with insufficient capacity will freeze you by the morning.
- Furnace Efficiency
The Annual Fuel Utilization Efficiency (AFUE) rating of a heater verifies its efficiency. The greater the AFUE rating, the more efficient the furnace is, and hence higher the price. In deciding furnace pricing, efficiency is critical. Greater efficiency implies two things: Higher up-front costs, lower long-term costs.
- Furnace Speed
Basic furnaces have a single-stage blower, i.e. either on or off. Two-stage motors have variable speed functions that provide extra control and comfort while consuming less energy. Two-stage motor furnaces cost more at the time of purchase, but they consume less energy, making them a long-term investment.
Cost of the Furnaces
- Gas Furnace
Gas furnaces are the most popular and sought-after furnaces, particularly in areas prone to harsh weather. They vary from $1000 to $4000. As a byproduct of gas combustion, carbon monoxide is produced. If adequate ventilation and safety precautions are not taken, this might result in carbon monoxide poisoning. The additional safety requirements raise labor costs, making it more expensive.
- Oil Furnace
Oil furnaces have been around for a long time, longer than electric and gas furnaces. They need a big storage tank. Their prices range from $1400 and $2800. However, their price is subject to fluctuations owing to oil prices.
- Electric Furnace
Electric furnaces are less popular than gas furnaces in areas with comparatively warmer temperatures. An electric furnace is the most basic yet inefficient furnace available. Because of its simplicity, an electric furnace is less expensive than the others. Their prices range from $1000 to $4000.
Installation Costs for a Furnace
The cost of installing a new furnace is determined by the energy efficiency and size of the heater in BTUs, the size of your home, ductwork changes, labor, permits, and installation complexity.
- Labor Cost
The labor expenses for a gas furnace vary from $900 to $3000; for an electric furnace, the costs range from $600 to $2500; and for an oil furnace, the prices range from $1000 to $3000. These gas line installation costs $500 to $2000; electric panel upgrades cost $1300to $2500; and chimney liner installation costs $900 to $3800.
The cost of ducting is $3,400 to $11,000. On average, the cost of replacing an air duct ranges from $1,400 to $5,600. Extra costs may apply, such as –
- Air duct cleaning costs $300 to $700 or $25 to $45 per vent.
- Duct repair costs $200 to $700.
- Ductwork sealing ranges from $400 to $2,700.
- Asbestos duct abatement costs $700 to $2,200.
- Home energy audit cost ranges from $200 to $500.
- Furnace Permit Cost
Furnace inspections and permits range from $250 to $1,500. It is unlawful to replace a furnace without permission. The installers should obtain permits. Electrical permits range from $50 to $350 for updating wiring in older properties. Gas line permits range from $50 to $200 for connecting to existing lines or constructing new ones.