When winter rolls around and the temperatures drop, it’s important to have a functioning furnace that will keep you and your family warm throughout the season. But if your current furnace isn’t enough or is on its last leg, you may be considering installing a new one.
Before making this big commitment, however, it’s essential to understand all aspects of what goes into replacing a furnace – especially in terms of cost. In this blog post we will break down everything you need to know about purchasing and installing a new furnace in 2023 so you can make an informed decision when it comes time to upgrade or replace yours.
What factors will influence the cost of a new furnace installation
Furnace installation can be costly, making it important to understand what factors can influence the cost. Labor is the primary expense when installing a new furnace, and its cost will depend on the complexity of the job.
Things like existing ductwork, extra wiring, or running new gas lines can all require additional labor hours and increase the cost. Furnace efficiency also plays a part in price; more efficient models offer improved energy savings but often come with a greater upfront investment than less efficient options.
Finally, where you live could factor into the cost because local codes and standards for furnace installation play a role. Overall, understanding which variables contribute to furnace installation costs can help you plan an accurate budget and make an informed decision when selecting your new unit.
How much should you expect to pay for a new furnace
Furnace installation cost is an important factor to consider when getting a new furnace. On average, nationally a full furnace installation can cost anywhere between $2,400 and $12,000 depending on the size and efficiency of the unit chosen. Factors such as location, fuel type, HVAC contractor labor rates, and a variety of warranty options may cause costs to range from lower to higher-end rates. It’s best to talk with your local HVAC contractor to get a more accurate pricing plan for the exact specifications and features you will need for your home.
What are some common installation costs
Furnaces are an essential part of keeping your home comfortable throughout the year. When it’s time to replace your furnace or install a new one in a previously-unheated space, you will need to consider installation costs. How much you’ll end up paying largely depends on what type of system and equipment you buy, as well as how complex the installation is.
For example, most gas furnaces cost between $3,000 and $5,000 to install—including supplies, labor, and other related costs. Fortunately, many of these associated expenses could be offset with incentives from local utility companies or government energy efficiency programs. In general, installations can range from a few hundred dollars for a small unit to thousands for large furnaces and complex HVAC systems. Make sure you do your research to find out the best options for your home! Here’s what you can expect to pay:
cost to replace a furnace
- new furnace cost: $2,300–$7,200
- Installation labor: $500–$1200
- Old furnace removal: $60–$500
- New gas lines: $250–$800
- New ductwork: $3,000–$5,000
- Permit and inspection: $400–$1,500
How can you save money on a new furnace installation
One way to save money on the installation of a new furnace is to research and contract with a reputable heating and cooling contractor. Our team at Altruistic AC & Heating is dedicated to providing top-quality service at an affordable price. We never sacrifice quality for quantity, and we always put our customers first. Plus, we offer financing options to make furnace installation more affordable for everyone.
Check online reviews and get quotes from several contractors to ensure that you are getting the best price possible. Compare prices, energy efficiency ratings, warranties, and other considerations to choose the best contractor for your home’s unique needs and preferences. Additionally, some of these contractors may offer discounts or other incentives such as discounts on future services or referrals. In addition to finding ways to save money on the installation of a new furnace, it can also be beneficial to look into Energy Star-certified furnaces, which are highly energy-efficient models that help offset their cost over time in savings on your heating bills.
Regular maintenance should be done in order to keep your system running smoothly and efficiently throughout its lifespan. This could include checking refrigerant levels, monitoring compressor performance, cleaning the condenser and evaporator coils, inspecting the indoor air handler and blower assembly, replacing air filters, checking for any electrical wiring issues, and more. Additionally, you may need to replace any worn-out parts or components in the system as they age. Maintenance costs can range from $100-$500+ depending on what is needed.
Depending on where you live and the type of unit you purchase, there may be rebates available that can help offset some of the cost of installing a ductless mini split. Be sure to research your local utility company for more information about these types of offers.
Save on Overall Energy Bill:
Ductless mini splits are extremely energy efficient and can save money over time by cutting down on your energy bills every month due to their superior insulation capabilities and lack of air loss through ductwork. Additionally, because they come with multiple indoor units, you can better control what areas of your house you want to heat or cool, which saves energy and money.
Most ductless mini split systems come with a warranty that covers parts and labor costs for repair and replacement in the event something goes wrong. Be sure to read through your warranty carefully before purchasing so you know what is covered in case of an emergency.
In some cases, there may be federal tax credits available for homeowners who purchase an energy-efficient HVAC system like a ductless mini split. Check with the IRS website to find out more information about these types of credits and how they could benefit you if you qualify.
When is the best time to install a new furnace
When it comes to furnaces, one of the most important things to consider is when the best time to install a new one. Depending on where you live, there are typical windows of opportunity when it is better to install a furnace than another.
Typically, winter or early spring months tends to be the best time to switch out an old furnace for a new one. This way you will have enough time before the cold weather sets in, giving you and your family peace of mind that you are ready for the colder temperatures. Additionally, installing during this window typically qualifies for any discounts or seasonal promotions so make sure you keep your eyes peeled for those! Ultimately, knowing when the best time for you to purchase and install a new furnace can help save time and money, and even stress in the long run.
Should you install a new furnace yourself or hire a professional
Installing a new furnace can be an intimidating task, but don’t worry – you have options. If you are comfortable installing equipment and have the right tools, installing a new furnace yourself may be a cost-effective solution. However, installing a furnace requires working with gas lines, electrical connections, and ventilation systems, so it’s important to understand the complexity of the process before attempting to do it on your own.
Making mistakes while installing your furnace risks damaging your home and possibly even endangering those who live there if done incorrectly. For this reason, if you are unsure about installing the furnace yourself or would just prefer added peace of mind, we recommend hiring a professional with expert knowledge and experience installing furnaces. In the end, both options offer potential savings – making sure you get it done right is key!
Now that you’ve read through our blog post, you should have a better understanding of what goes into the cost of a new furnace installation. You can save money on your new furnace by doing some research ahead of time and knowing what to expect. The best time to install a new furnace is typically in the fall or winter when weather conditions are cooler. And finally, although it may be tempting to try and install a new furnace yourself, we always recommend hiring a professional for the job.