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How Much Does a New Furnace Cost?

Posted On: December 9, 2014

Have you ever woken up in the middle of a cold winter night to find your furnace is broken? Being stuck without heat when you need it most can be a huge inconvenience. Not only are you without heat, but the added expenses of a new furnace and its installation costs may be money you didn’t budget for, or worse, don’t have. Keep reading to learn what information to consider when purchasing a new furnace and the costs associated with furnace installation.

4 Things to Consider When Purchasing a Furnace

When upgrading your furnace, there are many things to consider, including:

Type of Furnace

When purchasing a new furnace, the first thing to consider is what type of furnace you should install. Work with your local HVAC contractor to determine what type of furnace you previously had—gas, oil, or electric—and what type of furnace is the best option for the future. Gas, oil, and electric furnaces differ in price and require unique installation. For the most accurate cost of a new furnace, contact your local HVAC company.

Cost of Labor

The cost of labor to install a new furnace can differ from one heating and cooling company to another. Some companies utilize a transparent, up-front pricing method—meaning a price for your furnace installation will be agreed upon before any work actually begins. Other contractors will charge for labor by the hour and, on average, range from 75 to 100 dollars per hour. Depending on the scale of work needed, the cost of labor for some furnace installations can range upwards of $1,000 or more. We recommend asking your HVAC contractor for an estimated timeframe and estimated labor cost before installing your new furnace.

Fuel Source

Depending on where you live, the type of furnace you wish to install—gas, oil, or electric—may not be available in your area. Gas furnaces require a natural gas pipeline and hookup to your building, and customers living in remote areas may not have a natural gas pipeline already installed. Oil furnaces require scheduled oil deliveries to prevent running out of fuel. Before finalizing your furnace installation, be sure to research the estimated cost of natural gas, heating oil, or electricity.

Furnace Efficiency

Did you know that some furnaces produce heat more efficiently than others? Depending on the brand and type of furnace you install, your new furnace will vary in AFUE (annual fuel utilization efficiency). Read more about minimum AFUE ratings and furnace efficiency in Pennsylvania. To save the most on future utility bills, choose a furnace that has a high AFUE rating—some furnaces are up to 98 percent efficient!

Trusted Furnace Installation in Northeastern Pennsylvania

T.E. Spall & Son is one of northeastern Pennsylvania’s most trusted HVAC contractors. Our technicians are highly skilled and trained on all types of furnace installations and will work with you to determine the best furnace for your home, office, or commercial building.

Need a new furnace and want—or need—to finance your project? No problem! T.E. Spall & Son offers a variety of financing options. Contact us today or give us a call to learn more.

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