How Much Do I Need to Invest While Buying a New Furnace?

The installation cost of a New furnace

If you live in colder climates, you expect your furnace to run through any temperature. When something goes severely wrong with your heating device, you unpredictably reach a situation of significant discomfort. A malfunctioning or broken furnace not only disrupts your comfort, but it unsettles your pocket heavily. While a furnace repair near you takes a few dollars, buying a new furnace can be a considerable investment. Additionally, it is difficult for you to choose the type of furnace that best suit your needs.

Depending upon your location, home’s size, and the type of furnace, you can expect to spend anything between $2000 and $8000 while buying a new furnace. The cost includes:

  • The furnace itself
  • Labor cost
  • Ductwork
  • Removal of old furnace and disposal

In this article, we will talk about the installation cost of different types of furnaces.

Take a close look at each type of furnace’s prices and benefits and determine which is right for your home.

Electric Furnace Installation Cost 

Electric furnaces run on electricity, and this is probably the most efficient method of heating. Though electric furnaces increase your electricity bill in the end, they’re less exhaustive while installing than other furnace types. It is always essential to choose the right furnace size for your home; else, you will fail to achieve the temperature you desire inside your home and end up needing frequent furnace repair with an inefficient system.

The cost of an electric furnace can be anywhere between $2700 and $5000, including installation. Though electric furnaces are typically cheaper than gas and oil furnaces, they cost higher while operating.

Gas Furnace Installation Cost 

Gas furnaces commonly used in Guelph; can achieve extraordinary home comfort at the lowest yearly costs if your area has a sufficient natural gas supply. Additionally, gas furnaces are less harmful to the environment in comparison to oil furnaces. The average price of a gas furnace can be anywhere between $4000 and $11,000.

Oil Furnace Installation Cost 

In an oil furnace, you need to spray oil at high pressure to ignite an electric spark. Oil furnaces run hotter than gas furnaces and produce maximum heat. The cost of an oil furnace can range between $3500 and $7500, including installation.

What Impacts the Price of a Furnace? 

Location

The price of a furnace can vary from state to state as it depends upon specific permits.

Brand

The brand you choose also affects the price because some brands are higher in quality, such as Goodman.

Space

The total area you want to heat up with your furnace can also be a factor in the cost. If you have a larger space, you will need a larger unit, pricier than a small one.

 

There are considerable gaps in the cost of a furnace repair in Guelph and other furnace services, such as installation. However, you need to choose the best HVAC Company to serve you.

B.A.P Heating & Cooling Services provides furnace replacement Cambridge ON and, furnace installation in Guelph, ON for the last 30 years. If you are looking to install a new furnace, contact our team for guidance.