How Much Does a New Furnace Cost? This is What You Can Expect to Pay

posted by Chris Valentine

Perhaps it’s an old furnace that’s nickel and diming you to death with repairs or an emergency during the winter, you need a new furnace. When faced with a dilemma, you’re probably asking yourself “How much does a new furnace cost?”

There are several factors that determine the actual overall cost of a new furnace, so we’ll break it down and give you options. You can’t live without a furnace, but it’s important that you get one that meets your needs and is within your budget.

Don’t let your home go another day without heat and learn about furnace costs today.

How Much Does a New Furnace Cost?

There are several factors that determine the cost of a furnace. The first aspect is the type of furnace you want to get. There is gas, electrical, geothermal and a few others that are on the fringe, but these are the most common.

The most expensive is usually geothermal heat pump because it requires pipes installed to help regulate the temperature of the air entering your home. Regardless if it’s 100 degrees or -20 degrees outside, the soil below the permafrost is a constant temperature. The air goes through the pipes and is warmed or cooled to a moderate temperature.

Electric and gas are the most common. They generally heat the air before it enters the home.

With Furnaces, Size Does Matter

The bigger the space needed for hearing, the more expensive the furnace. If you have a small one-bedroom house with relatively good insulation, then you won’t need a large furnace. If you’re in a five-bedroom mansion, then the furnace and everything that goes along with it will be more expensive.

You want to find a happy middle ground. You don’t want a furnace that too large or else you’re not getting your money’s worth. You also don’t want one that too small because it won’t keep with the temperature or must work extra hard at it.

Talk with representatives of your local furnace repair service about the size of the furnace you need.

The Bottom Line

When you factor in the size, type, and efficiency, you can get an idea of a price range. For the common gas furnaces, then you’ll see a range of $2,000-$5,000 for most homes.

If you’re looking for an electrical heat-pump, then the range is broader from $5,000-$15,000. A heat pump acts as both the furnace and the A/C system.

Geothermal can require extensive work and is commonly done with new construction. They can retrofit an existing furnace system, but it does end up costing more. Geothermal can cost $10,000 and higher but generally recovers the cost over time.

You Need a Furnace

Now, when you ask yourself, “How much does a new furnace cost?” you’ll have an idea. It’s important to choose the right furnace for your home and budget. It’s a decision that you’ll have to live with for at least another 10 years.

If you want to learn more about choosing a furnace, then please explore our site.

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