Budgeting is an important task for any major purchase you're considering, and a furnace replacement for your home is no exception. How much does it cost to replace a furnace? The answer will depend on several factors.
At Airtime Heating & Cooling, we're here to offer comprehensive furnace replacement and other furnace services for clients around Riverton, Lehi, Bluffdale, Draper and nearby areas of Utah. Here are some basics on rough average costs for a furnace replacement, the factors that influence these costs, and some tips from our professionals on how to go about budgeting for a replacement furnace.
Rough Furnace Replacement Cost Averages
While this can vary widely depending on your local market, the size of your home and type of furnace, a rough average cost for a furnace replacement is between $2,000 and $8,500. The average national cost according to Home Advisor is $4,237.
Now, these averages can be impacted by several specific factors - which we'll go over in our next section.
Factors Impacting Furnace Replacement Cost
There are several major factors that will impact the cost of a furnace replacement:
- Type of furnace: The type of furnace you choose can have a major impact on the overall cost. For example, a gas furnace is generally cheaper to install than an electric or oil furnace. However, there may be additional costs for installing gas lines if your home does not currently have them.
- Size of your home: Larger homes require larger furnaces which means higher costs for materials and installation.
- Efficiency rating: High-efficiency furnaces are more expensive upfront but can save you money in the long run through reduced energy bills. This should be taken into account when budgeting for a replacement.
- Ductwork and other components: Depending on the condition of your existing ductwork and any additional components needed, this can also increase the overall cost.
- Location: As mentioned before, the average cost of a furnace replacement can vary depending on your local market. Urban areas may have higher labor costs compared to more rural areas.
Tips for Budgeting for a Furnace Replacement
- Do Your Research: Start by researching different types of furnaces and their costs. This will give you an idea of what to expect when budgeting for a replacement.
- Get Multiple Quotes: Make sure to get quotes from multiple HVAC companies to compare prices and services offered.
- Consider Financing Options: If the upfront cost of a replacement is too high, many HVAC companies offer financing options to help make the cost more manageable.
- Plan Ahead: If your furnace is showing signs of wear and tear, start budgeting for a replacement ahead of time so you're not caught off guard by an unexpected breakdown.
- Don't Sacrifice Quality for Cost: While it may be tempting to choose a cheaper option, investing in a high-quality furnace can save you money in the long run through reduced energy costs and less frequent repairs.
At Airtime Heating & Cooling, we understand that budgeting for a furnace replacement can be overwhelming. That's why our team is here to provide expert advice and guidance every step of the way. Contact us today for a free consultation and estimate on your furnace replacement needs. We proudly serve clients in Riverton, Lehi, Bluffdale, Draper and surrounding areas of Utah. Trust us for all your heating and cooling needs!
