What Does it Cost to Replace Your Furnace?
As the leaves fall and the temperatures drop, you likely turn to the warmth and comfort of your home. However, has your furnace seen better days? Are you worried about it making it through the colder months?
If so, you have likely spent some time online doing a bit of research on how much you need for your new unit. Don’t worry, you aren’t alone; however, the answer isn’t always black and white. There are a few factors you have to consider, which you can find here.
The System You Need
One of the first thing you need to consider is the type of system
your home requires. There are several options on the market today, so learning about each one is beneficial. The professionals can also help you determine what’s a good match for the layout and size of the home. The majority of furnaces will last from 15 to 20 years, so keep in mind, this is a long-term investment.
The most common types of systems you will find are highlighted here:
- Gas furnaces: Typically, natural gas furnaces can cost between $4,500 to $7,000.
- Ductless heat pumps: This type of unit is extremely energy efficient and offered at a great price point. While you may find them at approximately $5,500, they can range up to $20,000 based on the space and scope of the work. This type of unit offers both heating and cooling.
- Hybrid heat: With this you have the efficiency of a heat pump and the comfort of gas heat. The price ranges from $13,000 up to $18,000.
- Electric furnaces: The features offered with these units are vast, and the price ranges from $3,000 to $5,000.
After you have researched the options available, you need to discuss what systems have the best efficiency ratings. A new furnace model is usually extremely efficient and have ratings that are usually 90 percent or higher. This results in lower utility bills and improved comfort.
Talk to the Professionals
The last step in figuring out how much you are going to spend on a new furnace system is to speak with the professionals. They usually have money saving options they can provide you. There are many units that offer warranties that could help you save money in the future, while others come with rebates that will knock money off of the price immediately. You can take advantage of tax incentives, as well as other promotions that are happening to help offset the cost. When you combine these deals, you may be able to save hundreds, or even thousands of dollars.
In most cases, when you work with a professional technician
, they will help you determine the type of system you need, and what size is right for your home. In the long run, investing in a new furnace is smart and can help ensure your home is comfortable and warm throughout the colder months of the year.