How Much Does A Furnace Cost?
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A home’s heating system can be one of the most expensive mechanical systems and/or appliances within the home. Nonetheless, there’s nothing worse than waking up in a frozen tundra, so you better make sure your heating systems are up to date.
Furnaces are perhaps the most popular form of heating within homes across America. They are efficient, easy to maintain and simple to use. However, all these benefits do come with a price. Before you buy a furnace for your new home or replace an existing furnace in your current home, make sure you know how much a new furnace cost and once you're ready for a new furnace, let us help you get in touch with local HVAC pros! Furnace Service Toronto
What Furnaces Do?
Before we jump into the numbers, I feel it is important to go over the basics of all furnaces. Furnaces produce heat via coils (instead of water). They use fuel to heat the coils. Furnaces then use a motorized blower to blow air across the coils. The air becomes warmed and then travels through your ducts.
Furnaces can operate using propane, natural gas or electricity as the power source. Oil furnaces, geothermal furnaces and solar-powered furnaces are alternative options that a homeowner might consider.
To determine a furnace's efficiency, look up its AFUE, or Annual Fuel Utilization Efficiency rating. The higher the AFUE value, the more efficient the furnace is. For example, a furnace with an AFUE of 60 converts 60% of the fuel to heat and loses 40% in the combustion process.
For more information on how furnaces compare to other popular heat sources, please see The Differences Between Boilers, Furnaces and Heat Pumps.
How Much Does A Furnace Cost?
The average cost to install a new furnace is $3,602. As always, the price largely depends on the efficiency and size of your furnace, as well as its heat source. We have seen homeowners spend as little as $1,500 on a new furnace or as much as $7,000. However, know that most homeowners pay between $3,200 and $4,420.
While the large installation price may scare many, as we pointed out in our furnace repair cost estimator, the average price to maintain or repair a furnace is just $258.
What Affects the Furnace Price?
Efficiency
As I touched on earlier, a furnace’s efficiency is determined by the AFUE. As you can imagine, the more efficient the furnace is, the more expensive it becomes. That is because overall efficiency will play a key role in your future heating costs.
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Propane and natural gas are more efficient than electric furnaces. As such, they tend to be more expensive. Note that gas furnaces require the availability of natural gas and need regular maintenance to ensure that no gas or carbon monoxide is leaking. Before you purchase a gas furnace, you may want to talk to an HVAC pro to make sure your home can support it.
Size
The bigger the furnace, home, condo or apartment, the more expensive your furnace will be. The furnace must be properly sized to the home, as a furnace with excess capacity will use extra power while an undersized furnace will not effectively heat the home.
Along with its efficiency, electric furnaces run smaller than others on the market. This affects the overall furnace installation price.
Are you looking for furnace repair in toronto? HVAC Trust is a reliable source to hire a specialist for furnace installation in your home. We have been tested, and we have come out on top. With us, you can ensure that the furnace repair service in toronto you receive are from a proven contractor.
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