The average cost for furnace installation in the U.S. is approximately $1,450, with most homeowners spending between $1,200 and $1,750. High-end installations can reach about $2,050. The final cost depends on the type of furnace, its size, energy efficiency, and whether new ductwork is needed. Labor costs also vary by location.
Types of Furnaces and Installation Costs
Electric Furnaces: $1,050 to $1,900. They are environmentally friendly and have a long lifespan, but may have higher energy costs.
Gas Furnaces: $1,050 to $2,050. Efficient and cost-effective, but installation can be more complex due to ductwork requirements.
Oil Furnaces: $1,500 to $2,050. Suitable where oil is readily available, but less popular due to higher oil prices.
Size and Price
Furnace power is measured in BTUs, and larger, more powerful furnaces are more expensive.
For a 2,500-square-foot home, a furnace with 100,000 to 125,000 BTU is typical.
Efficiency and Price
Furnaces have an Annual Fuel Utilization Efficiency (AFUE) rating, with more efficient models (90-95% AFUE) being more expensive but offering energy cost savings.
Labor Costs
Installation labor costs average around $65 per hour.
Complex installations, such as those requiring new ductwork, increase labor costs.
Electric furnace installations are generally cheaper than oil or gas furnaces due to simpler installation.
Additional Considerations
Installing new ductwork adds significant cost.
Removal of an old furnace typically costs around $250.
Manufacturer and extended warranties can offer financial protection against future repairs.
Choosing a Furnace
Consider the size and climate of your home.
Balance the upfront cost with long-term energy savings and efficiency.
Consult with HVAC professionals for tailored recommendations and multiple cost estimates.
Investing in a new furnace is a significant decision, impacting both comfort and home energy costs. It's advisable to weigh your options and consult with professionals to ensure an efficient, cost-effective installation tailored to your home's specific needs.
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