When installing a new furnace, the cost should be considered an investment in your home. You do not want to wake up on a cold winter morning to find out your furnace has failed to operate properly. You have noticed the repair bills are beginning to become a larger expense than in previous years.
The Costs of a Furnace for Your Home
If you are replacing an older furnace, you may want to consider your options. Furnaces have dramatically changed over the years. The choice of unit will affect the overall price. Natural gas usually averages around $3500 but can increase to $14,000 depending on numerous contributing factors. An oil furnace installations can be as low as $4,000, but a more complex system may reach up to $10,000. The costs are dependent on numerous options which should be discussed with your HVAC specialists prior to installation.
Efficiency
You want to find the right type of heating unit to provide a comfortable environment in your home. A higher efficiency furnace usually comes with a higher price. The energy savings will be noticeable in your utility bill. The Annual Fuel Utilization Efficiency (AFUE) number will show you how efficiently the system works. The higher the number represents a higher efficient unit.
Size of HVAC Unit
The size of the furnace is an important contributing factor in the pricing. If you get a furnace too small for your home, the unit will continue to run to keep up with the heating demands. Continuous running furnace will increase your monthly utility bill. A larger furnace is designed to handle the workload. As the size increases the prices will rise. If your furnace is too big for your home, you are using extra power which can also increase your utility bill.
Added Accessories
Special thermostats which can be programmed to maximize comfort are usually an additional expense. The programmable thermostats can increase efficiency which adds to the energy savings of the unit. You program the thermostat at the desired temperature which is a great feature if you are going out of town.
Numerous units come with indoor enhancing air quality options. If you or a family member suffers from allergies, a higher efficient air cleaner and humidifier may be the perfect additional accessory. Each item you add will increase the cost of the installation.
Labor Costs
When you are factoring in the price of installing a new furnace, you must remember labor costs. The labor can add up quickly. Many specialists charge up to $75 an hour for one worker. Additional workers will increase the rate. You will want to get a labor cost quote prior to installation. If the new furnace requires new duct work or repairs, you labor costs will increase.
Warranty
One of the last factors to consider is the warranty. You want to invest in a furnace that offers a good warranty. For example, for the heat exchanger a 20 year limited warranty should be utilized. For the remaining covered components look for a 5 year limited warranty.
The costs of installing a new furnace may seem overwhelming. However, the increasing repair bills and the less efficiency of the existing unit will continue to take more out of your monthly budget. Investing in a new unit will save money over time.
About Total Mechanical Systems
Established in 2001,Total Mechanical Systems, LLC serves the entire State of Connecticut with quality air conditioning, heating, and plumbing solutions. We are one of the fastest growing HVAC companies in the northeast and THE largest authorized Home Depot Authorized Service Providerfor HVAC and plumbing services in the state.
Our technicians are state licensed, Nate Certified, and Trane Comfort Specialists. We install custom heating and air conditioning solutions that meet your comfort, efficient and budgetary needs. We also repair and maintain any make and model of equipment.
Our experts can also help you find ways to reduce your energy bills through a thorough cost-benefits analysis. We have an extensive history of repair service on all brands of central air conditioning and heating systems. Schedule a FREE in home consultation to learn how.
[category_specific_rss_menu]
