A new furnace price is one of the factors you'll want to consider when replacing your heating system. Several factors go into furnace pricing, so we'll help you out by breaking down the different aspects.
Overall New Furnace Price
The average new furnace price ranges from $2,000 to $8,000. On average across this country, a full installation costs $6,000. This includes the price of the new unit, labor fees, and other installation upgrades or costs.
Furnace Type
An individual gas furnace unit costs $650 to $3,000 on average. The total cost, including installation, averages $3,000 to $8,000. The average price of an electric furnace unit is $700 to $1,100. It's cheaper to install an electric furnace than it is a natural gas furnace, with total costs including installation averaging $2,000 to $4,000. However, electric furnaces usually have higher operational costs, as they create a higher electricity bill.
A propane furnace unit ranges from $800 to $2,000 on average. When installation costs are included, the total costs add up to between $2,500 and $5,000. The average price of an individual oil furnace is $500 to $2,500. The total costs range from $3,000 to $5,000 on average.
Efficiency
The Annual Fuel Utilization Efficiency (AFUE) is the metric for measuring furnace efficiency. Furnaces with higher AFUE ratings usually cost more. However, by purchasing a high-efficiency furnace, you may qualify for a tax break or a rebate.
Previous Type of Furnace
Your previous furnace type also has an impact on price. If your previous furnace was an electric furnace, it could cost $200 to $500 to have gas lines installed if you're planning to purchase a gas furnace.
Labor
Labor costs typically range from $75 to $100 an hour. The company you choose and the job complexity also affect labor costs. For example, you may need additional ducts installed, which would increase the labor costs. You could also pay furnace inspection charges of $200 to $600 and an assistant hourly fee of $50.
As you can see, multiple factors affect a new furnace price, including the company you work with. Be sure to choose a trustworthy and experienced HVAC company. If you're in the Broken Arrow area, contact the heating professionals at Air Assurance. We've been handling furnace installations for 36 years.