Cost of a New Furnace

by The Carpenter

Cost of a New Furnace

Your home cannot function properly without a working furnace. The furnace is primarily used for the heating of the home making it imperative during the winter months. If your furnace has stopped working or you are moving to a new home that does not have a furnace or has a poor furnace then it is important that you purchase a new furnace.

Everyone has a budget for newly purchased items even if it is something that they need and not want. It is important to budget shop so that you can find the best-priced furnace but you also have to determine the overall cost of a new furnace. How can you save money if you need to? How do you get the best value for your money? New furnaces can range from about $3,000 to $5,000 and up, but you can save a lot if you find the right quote. You can compare furnace estimates here (it’s free and there’s no commitment).

When purchasing a new furnace, you will want to take a look at the efficiency rate of the furnace. Most of the newer models go all the way up to 97% with the lowest required by the EPA is 78%. If you don’t want to get the top of the line with the 95% efficiency, you can actually save a little money, probably about 10% or so depending on your location and the store, by purchasing a new furnace with 90% efficiency.

Those with higher efficiency rates will in the long-term cost less to operate so you’ll save more money in the end, but it will also be more expensive than lesser efficiency. You will want to compare your household usage and the size of your home to determine the best size efficiency rate of your new furnace.

In addition, don’t get a furnace that is too large for your home as the cost of a new furnace will only rise – and for no reason. Get a furnace that will heat your entire home efficiently; otherwise, you’ll pay more for the furnace when you initially purchase as well as after you purchase it due to the higher costs of it operating.

Another cost associated with the cost of a new furnace is the installation. It must be installed by a licensed HVAC contractor. If you know someone that has their HVAC license and will do it for free or even a small fee then you can save a lot of money – hundreds, possibly even a thousand dollars – by not having to pay full labor price to a contractor that you don’t know. If you must go with a licensed HVAC contractor that you are unfamiliar with, check out their reputation and get bids from several contractors so you can choose the best value for your money.

Keep in mind that while the cost of a new furnace may be a huge cost right now, it won’t be required again for years to come. The higher quality level of furnace you buy now the longer it will last; however, you also want to stay within your budget. Above all else, keep it properly maintained and perform maintenance when needed so that the furnace will last even longer for you and your family.

© Cost of a New Furnace

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