What is a Typical New Furnace Price?

A new furnace price is one of the factors you'll want to consider when replacing your heating system. Several factors go into furnace pricing, so we'll help you out by breaking down the different aspects.

Overall New Furnace Price

The average new furnace price ranges from $2,000 to $8,000. On average across this country, a full installation costs $6,000. This includes the price of the new unit, labor fees, and other installation upgrades or costs.

Furnace Type

An individual gas furnace unit costs $650 to $3,000 on average. The total cost, including installation, averages $3,000 to $8,000. The average price of an electric furnace unit is $700 to $1,100. It's cheaper to install an electric furnace than it is a natural gas furnace, with total costs including installation averaging $2,000 to $4,000. However, electric furnaces usually have higher operational costs, as they create a higher electricity bill.

A propane furnace unit ranges from $800 to $2,000 on average. When installation costs are included, the total costs add up to between $2,500 and $5,000. The average price of an individual oil furnace is $500 to $2,500. The total costs range from $3,000 to $5,000 on average.

Efficiency

The Annual Fuel Utilization Efficiency (AFUE) is the metric for measuring furnace efficiency. Furnaces with higher AFUE ratings usually cost more. However, by purchasing a high-efficiency furnace, you may qualify for a tax break or a rebate.

Previous Type of Furnace

Your previous furnace type also has an impact on price. If your previous furnace was an electric furnace, it could cost $200 to $500 to have gas lines installed if you're planning to purchase a gas furnace.

Labor

Labor costs typically range from $75 to $100 an hour. The company you choose and the job complexity also affect labor costs. For example, you may need additional ducts installed, which would increase the labor costs. You could also pay furnace inspection charges of $200 to $600 and an assistant hourly fee of $50.

As you can see, multiple factors affect a new furnace price, including the company you work with. Be sure to choose a trustworthy and experienced HVAC company. If you're in the Broken Arrow area, contact the heating professionals at Air Assurance. We've been handling furnace installations for 36 years.

How Weather Affects Your Energy Bill

Americans spend about half their annual energy budget on keeping their homes comfortable, according to the U.S. Department of Energy (DOE). The weather has a big impact on each month’s energy bill. When it’s mild, bills stay low. During extremes, daily energy use climbs.

Temperature and Humidity

The two aspects of summer weather that increases cooling costs include the air temperature and the humidity level. Of the two, it’s faster and easier for your A/C to remove the heat from dry air than it is to cool off hot, humid air. Keeping the humidity out of your home in the summer does help lower its cooling costs and keeps you more comfortable. Besides being energy-intensive to remove, humidity also increases discomfort indoors when it exceeds 50 percent.

The HVAC industry deals with the extra burden that humidity puts on cooling systems by consulting a software resource that identifies cooling systems better suited for humid climates. When replacing your current system, ask the HVAC contractor to verify that the new one can handle the area’s summertime humidity.

What You Can Do

If you find that your energy consumption is higher than you’d like it to be, making improvements that help your home resist heat transfer and air infiltration will help lower your energy bill and increase your comfort. Consider:

• Adding insulation to the attic. The DOE recommends at least 10 inches in the attic for the best thermal control.

• Using the kitchen and bathroom fans. Be careful not to run the fans too long. Although they’re small, they’re capable of pulling a lot of conditioned air out of your home.

• Sealing the air leaks in your home’s exterior to prevent air infiltration that could raise the indoor humidity. Use caulk, expanding foam and weatherstripping around windows and doors, as well as entry points for pipes and wires.

• Using specialty products like chimney pillows to stop air leaks from fireplace chimneys, or self-sealing dryer vents.

If your monthly energy bill seems too high, contact Air Assurance for an HVAC inspection. We provide HVAC services for Broken Arrow homeowners for more than 30 years.

Our goal is to help educate our customers in the Tulsa and Broken Arrow, Oklahoma area about energy and home comfort issues (specific to HVAC systems). For more information about other HVAC topics, call us at 918-217-8273.