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It’s wintertime, and if your furnace is giving you issues at this important part of the year, you could be on the hunt for a furnace replacement. If that’s the case, look no further than the furnace service pros at Whipple Plumbing to put you on the right track.

Every home is different, and because of this, it’s basically impossible to give a one-size-fits-all price when it comes to a furnace replacement. Here are several factors that may play a big role in the final cost of your new furnace.

Electric, Gas or Oil Furnace Replacement Cost

This is the most important factor to consider, as the type of energy being used could have a huge impact on your costs. Unit costs for electric furnaces tend to be the least expensive, followed by gas and then finally rarer oil furnaces. Here are the average costs of a new furnace, including both price and installation, based on energy source (know that these will vary based on city, cost of living, and other factors):

  • Electric: $1,925
  • Gas: $2,100
  • Oil: $2,885

Furnace Size

The right size of furnace can save you hundreds in energy costs over a year, and can also save money up front. Bigger generally means more expensive. We can perform a manual J HVAC loan test to determine the proper size your home needs, which can help you avoid purchasing the wrong size at a large expense. Energy sources will also play a role here – capacity increases vary depending on the energy source.

Furnace Installation Cost Factors

Installation costs will vary based on things like how long installation takes, where it’s taking place, how difficult the furnace is to install, and whether or not new ductwork is needed. Be sure to budget for unexpected issues that may arise, even though these are rare.

Furnace Efficiency

Furnaces are much more efficient now than they were even a couple decades ago, and you’ll have lots of options when it comes to efficiency. Furnaces with higher AFUE ratings run more efficiently and therefore cost more, but they can bring you significant cost savings on utility bills over their service life. Use the resources available to you to compare the long-term cost benefits here, and be sure to incorporate the higher air quality from a more efficient system into your calculations.

For more on the factors involved in furnace replacement, or to find out about any of our other services, speak to the pros at Whipple Plumbing.

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