Sure, the cold winter months may be turning into a thing of the past. But one thing is sure. They are going to come round again. During those cold winter months, there are a few ways you can get yourself warm and snug in your own. A furnace is one of those ways.
Maybe you are looking to buy a furnace for your home? Or perhaps you already have one, but it’s so old that you can’t remember how much you had it installed. Either way, you are wondering “How much does furnace installation cost?”
The installation of a furnace in your home is one that requires a lot of financial commitment. It is also one decision that you are guaranteed to enjoy for a long, long time. The extent of your financial responsibility towards getting a furnace is based on a number of factors.
Before you begin to troll the online market for a suitable furnace, it would be beneficial for you to know the average cost of furnace installation as well as the different factors that affect this price.
Cost of Installing a Furnace
In the United States, average furnace installation costs sit at about $4,200. Bear in mind that this is not a fixed price. The cost of installing a furnace ranges from $2,500 to $6,000. Depending on a variety of factors including location, contractor, size, etc., your installation costs may be higher or lower than this range.
The Efficiency of Your Furnace Options
Like other home appliances, furnaces have efficiency ratings. The efficiency of a heater is measured in AFUE (Annual Fuel Unit Efficiency). This measurement is rated in percentages with a figure of 80% for standard systems.
An 80% AFUE rating means that 20% of the total heat produced by the furnace is lost. Today, there are models with 90% efficiency, with more expensive models recording efficiency ratings of up to 98%.
Furnaces that have higher AFUE are highly efficient. However, they can be expensive at first. In the long run, though, they will pay off as they have reduced operating costs.
What Size of Furnace Do You Need?
This is one question that you should know the answer to before searching for installation costs. Usually, furnaces have a heat output rating that is expressed in British Thermal Units (BTUs). The BTU rating of your heater should be a function of the size of your home.
Ideally, you shouldn’t be buying a furnace with a high BTU rating if you live in a small sized home. This is because it will attain your preset room temperature faster and then shut off. This continuous inconsistency can lead to significantly increased energy bills.
On the average, furnaces start out with a BTU rating of 40,000 which can be as much as 135,000 in the newer models. In heating circles, once your home is more than 5,000 square feet, you would have to buy two different furnace systems as opposed to using only one.
Factors Affecting the Cost of Furnace Installation
As mentioned earlier, furnace installation costs vary widely. It is all dependent on a number of factors. Some of these factors include:
1. Energy Source
The type of fuel used to power your furnace affects its price. On average, gas furnaces are deemed to be more expensive than your typical electric models. Most of the time, they also have venting needs that increase their installation costs. When choosing a type of furnace, try as much as possible to ignore the price tag as there are other considerations to make.
Gas furnaces are cheaper to use compared to other furnace types. This is because gas is less expensive as opposed to electricity. Additionally, gas furnaces are perfect if you live in an area that experiences harsh winters. On the other hand, an electric heater will serve you adequately if you live somewhere with warmer climates.
Therefore, before you buy a new furnace, it is essential that you evaluate your climatic and utility options.
Like other home devices, furnaces are made by different brands. These different brands offer their heaters to consumers at different prices. Some brands define themselves as budget friendly. This means that their furnaces, while standard, will not be overly expensive.
Other brands will offer you furnace models with increased prices as well as a whole bevy of innovative features and technology-forward features. These two classes of furnaces are good. It all depends on your budget and personal preferences.
When defining furnace size, we are speaking in terms of its capacity. You probably guessed it; smaller sized furnaces are cheaper than larger sized heaters. The size of the furnace you will buy is a function of the size of your home.
One size of a furnace doesn’t fit all homes. A home that is 3,000 square feet will need a bigger furnace than one that is 1,000 square feet. Determining the appropriate furnace size for your home should be done by your HVAC expert. HVAC experts use a manual J load calculation to determine how much heating your home needs.
Remember, when it comes to furnace size, bigger does not always mean better. You should get one that is perfect for your home’s size. Undersized and oversized heating equipment will consume more energy, have to work harder and therefore increase total operating costs.
4. Energy Efficiency
As discussed earlier, the efficiency of a furnace is a function of its AFUE ratings. Generally, the more efficient a furnace is, the higher it’s total price. However, you should know that higher efficiency systems cost less to operate over time. This effectively means that the total cost savings offered by a model with higher efficiency levels make them a cost-effective option as time goes on.
Related article: Do I Need a High-Efficiency Furnace?
5. Extra Features
Depending on your budget and needs, you may decide to deck your furnace out with a whole number of additional features. However, furnaces are not designed to be luxury items. They are more utilitarian. It wouldn’t do for you to spend extra money on features that you don’t need.
Before buying a furnace, it would be prudent for you to decide what you need from it. For instance, if you live in a place with warmer climates, you don’t need to spend $3,000 for a furnace with 98% AFUE; one with 80% will do just fine. Similarly, one with 80% AFUE ratings will not be sufficient in a place with low temperatures. A modulating furnace would better serve you.
Extra features are not all about efficiency. Other features that can hike up the installation cost of a furnace are:
This is like having two complementary heaters inside of one system. When the weather is chilly, the first stage kicks into service. However, when temperatures drop really low, the second stage starts to work together with the first. This can be a significant investment in places with low temperatures as it helps you to save energy costs. However, the initial cost outlay is not a great investment for warmer climates.
Furnaces with modulating valves offer you greater control over the quantity of fuel that is being consumed. This can be a very efficient expenditure in the long run if your heating demands warrant it. However, if it doesn’t, it is a needless expenditure.
Before outfitting your furnace with extra features, liaise with your furnace expert to decide if you need these features.
6. Installation Requirements
A new furnace may not be the only item you need to get a furnace installed. Sometimes, your contractors may decide that your ductwork needs improvement. If you are living in a home without ductwork, you are going to need to shell out the big bucks to get one installed.
Additional requirements can add to the overall cost of installation. Therefore, when planning your budget, keep in mind that it’s not only about the furnace. You may also need to get some work done to ensure that the furnace serves you unfailingly.
7. Labour Costs
Finally, your HVAC contractor’s bills can take a considerable chunk of your furnace installation costs. If your home requires extra ductwork or any other modifications, your contractor’s bills will undoubtedly increase.
Under normal circumstances, furnace installation usually takes a full workday. Depending on your needs, it may take more than a day. Your furnace expert will have to be paid for their time and expertise.
Despite the price, don’t skimp out on paying a professional to get the job done. This can save you future costs and hassle in the future. Additionally, try as much as possible to work with a professional that offers you credible labour warranty. This may offset any long-term cost that crops up later.
The installation of a furnace is not an overly expensive task. The initial cost outlay may be a tad on the high side, but a furnace is one expenditure that you would not regret. Furnaces also have a lifespan of 10-15 years. Therefore, you should be assured that you won’t have to spend that amount of money for at least another decade.
All you need is a skilled professional to carry out the installation, and you are good to go. Thankfully, we have local HVAC experts able to handle your furnace installation needs and other HVAC services efficiently.
Contact us at your convenience.