“When it gets cold, a furnace can heat air inside a home. Whether yours is old and inefficient or no longer working, a replacement unit can be purchased for $2,614 to $6,310, with a national average currently at $4,453.
If you are planning to install a new furnace, consider factoring in furnace type, local climate, price, house square footage, and properly or improperly insulated areas to help find the right model for your needs. Once you find a new furnace, installation is the next step. HomeAdvisor averages the cost of a new furnace, and with installation, you can expect to pay between $2,614 to $6,310, with the current national average at $4,453. Depending on the type of furnace you choose, the cost varies based on materials, equipment, and labor. Replacing a gas furnace, for example, runs between $3,800 and $10,000 or higher. Meanwhile, an electric furnace typically ranges from $2,000 to $7,000.”
Read more on furnace types and prices here.
Obivously, the type of furnace you elect to purchase will impact the cost. There are several options including gas, oil, electric, geothermal, and more. It’s tempting to save money and go with the cheapest model. However, one must consider the cost in savings over the life of the unit. That’s why having a qualified HVAC contractor evaluate your home is ideal for assessing what type of furnace would be suited best.
Team Mechanical has replaced and installed various types of furnaces to Twin Cities residents for over 50 years. If you’re considering purchasing a new furnace call us at 612-729-5646 or visit our furnace installation page for additional details.