A repairman working on a furnace

How Much Does It Cost to Replace a Furnace?

December 11, 2023

Stay Warm All Winter Long

Are you facing the inevitable reality that your old furnace needs to be replaced? Or maybe you’re just curious about the potential costs of a furnace replacement for future reference. Whatever the reason, we’ve got you covered! In this blog, we’ll break down the factors that influence the cost of replacing a furnace.

Understanding the Basics

Before we delve into the cost specifics, let’s get the basics right. A furnace replacement involves removing your old, inefficient furnace and installing a new, more energy-efficient one. This not only ensures your home stays warm during those chilly winter months but also saves you money on heating bills in the long run.

Factors That Influence Costs

Several factors affect the cost of replacing a furnace, and it’s important to consider each one:

  • Type of Furnace: The type of furnace you choose greatly influences the cost. Options range from gas, oil, electric, and even eco-friendly models like heat pumps.
  • Furnace Size: The size of your home and its heating needs play a crucial role. A larger home will require a bigger furnace, which can increase the cost.
  • Efficiency Rating: Furnaces come with different efficiency ratings. Higher-rated furnaces are more efficient but often come at a higher upfront cost.
  • Installation Complexity: If your installation involves complex ductwork or structural changes, expect to pay more.
  • Location: Your location can also impact the cost. Heating systems in colder climates might require more powerful furnaces.

Average Costs

The big question remains: “How much does it cost to replace a furnace?” While it’s difficult to pinpoint an exact figure, you can expect a range. On average, furnace replacement costs typically fall between $4,000 and $8,500, including installation.

Gas furnaces tend to be more cost-effective in the long run due to lower operating costs. However, initial installation costs can be higher than electric furnaces. If you’re considering a high-efficiency furnace, be prepared to invest more upfront, but these models can save you money over time.

Get In Touch With Furnace Installation Experts

When budgeting for a furnace replacement, it’s crucial to take all the influencing factors into account. The “how much does it cost to replace a furnace” question isn’t a one-size-fits-all answer. It’s best to consult with a professional HVAC technician who can assess your specific needs and provide an accurate estimate.

At Craig’s Services, we’re here to help you with all your furnace replacement needs. Our team of experts can guide you through the process and provide you with a customized quote. Contact us today and don’t let the winter chill catch you off guard—stay cozy and warm with a top-notch furnace replacement!