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How Much Does Furnace Installation and Replacement Cost in 2021-22?


Furnaces are one of the oldest residential heating systems. Your furnace plays a crucial role in maintaining the comfort and livability of your home during winter. A functional furnace transfers heat to air before it is circulated through the blower. A dysfunctional furnace fails to perform this function. From clogged filters to tripped circuit breakers, there are a number of reasons why furnaces stop working. Getting a malfunctioning furnace replaced should be on top of your priority list. If, however, your furnace is beyond repair or nearing the end of its service life, getting it replaced makes more sense. One of the most common questions we get from homeowners is what is the cost of replacing and installing a new furnace? In this post, we attempt to answer this question.

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    Furnace Replacement and Installation Cost 2021- 2022

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    The average cost of replacing or installing a furnace ranges from $2,150-$5,900. Homeowners typically pay in the range of $2,544-$6,127 for furnace installation or replacement. The cost of gas furnace replacement is higher ($2,000-$10,000) as they are more complex. If you have an electric furnace, expect to pay between $1,000 and $6,000. The cost of replacing an oil furnace is between $4,500 and $7,000, while geothermal furnace repair can cost you $3,000-$30,000 and upward.

    The actual cost will depend on your preferred brand. If you have your heart set on a high-efficiency model, expect to pay 50-100 percent more than the price.

    Average Cost to Install a Furnace

    Average Cost $4,325
    Typical Range $2,544 and $6,126
    Low $150
    High $9,125

    Electric Furnace Replacement Cost

    Used in places with relatively milder climates, electric furnaces are less common than their gas counterparts. Expect to pay $1,2000-$6,000 to get an electric furnace installed. The actual cost will primarily depend on your preferred brand.

    Electric Furnace Brand Estimated Furnace Cost Estimated Installation Cost
    Goodman $400 $1,850
    Payne $450 $1,900
    Heil $450 $1,700
    Amana $450 $1,900
    Coleman $500 $2,100
    Rheem/Ruud $500 $2,250
    Bryant $550 $2,100
    York $600 $2,300
    Carrier $750 $2,400
    Trane $1,100 $2,650
    Lennox $1,150 $2,700
    American Standard $1,150 $2,750
    Average Furnace Cost $700 $2,300

    Gas Furnace Replacement Cost

    Gas furnace installation cost is between $2,000 and $4,000. If you are planning to get a high-efficiency furnace installed, add 50-100 percent to the price.

    Gas Furnace Brand Estimated Furnace Cost Estimated Installed Cost
    Payne $800 $1,800
    Goodman $800 $1,850
    Coleman $850 $2,350
    York $850 $2,100
    Heil $950 $2,300
    Amana $1,000 $2,400
    Nordyne $1,000 $2,500
    Bryant $1,150 $2,600
    Rheem $1,200 $3,000
    Carrier $1,250 $3,100
    Ruud $1,300 $3,200
    Trane $1,350 $3,600
    American Standard $1,450 $3,600
    Lennox $1,500 $4,000
    Average Cost* $1,500 $3,100

    Oil Furnace Replacement Cost

    Expect to pay between $4,500 and $7,000 for oil furnace installation. Oil furnaces have been around for quite some time now. They have been in use for a longer time than electric and gas furnaces.

    Oil Furnace Brand Estimated Furnace Cost Estimated Installation Cost
    Armstrong $1,350 $4,650
    Ducane $1,650 $5,400
    Rheem $1,650 $5,450
    Olsen $1,700 $5,500
    Williamson $1,750 $4,700
    Miller $1,850 $6,000
    Carrier $1,900 $6,000
    Lennox $1,950 $6,200
    Thermo Pride $2,250 $7,100
    Trane $2,300 $6,900
    Average Furnace Cost $1,836 $5,780

    Furnace Removal Cost

    When calculating the cost of getting your furnace replaced, remember to consider furnace removal costs. There are two ways to get your old furnace removed from your property, you can either ask your recycler to collect it or request your HVAC expert to perform the task. While some recyclers collect old furnaces free of cost from their customers’ property, many charge a $50 fee. If you want our HVAC expert to do the job, expect to pay between $60 and $500. The actual cost will depend on a number of factors such as dumping fees, the distance between your property and dumping site, and ease of removal.

    New Furnace Installation Cost

    Expect to pay between $1,000 and $8,000 for new furnace installation. Here is a breakdown of new furnace installation cost:

    • Labor cost: Between $150-$500
    • Unit cost: Between $500 to $20,000 and upward depending on the type of furnace
    • Permit fees: Typically between $400 and $1,500

    New Furnace Prices

    High-Intensity Infrared Heater $500-$3,000
    Gas Furnaces $900-$5,000
    Oil $1,800-$6,000
    Electric $500-$3,000
    Coal $3,000-$10,000
    Geothermal $2,000-$20,000
    Solar $15,000-$30,000

    Natural Gas & Propane Furnace Costs

    Mid-range efficiency (80% AFUE) $900-$1,800
    Mid-range efficiency (80% AFUE) w/ AC unit $2,500-$5,000
    High efficiency (94% AFUE) $2,000-$3,000
    Wall $1,200-$1,700
    Unit $1,000-$4,800
    Propane conversion kit $150-$300

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    FAQ About Furnace Installation and Replacement Cost

    Replace your furnace every 20 years on average.

    Expect to spend between $2,000 and $6,000 to get a boiler replaced with a furnace

    Get your furnace cleaned at least once every year. Change your filter every month during the heating season.

    Between $2,000 and $5,000

    Between $5,000 and $15,000. When computing your final cost, remember to factor in additional costs such as ductwork installation ($8-12/linear foot), return air stack installation ($1,000-$5,000) and gas line installation costs ($15-$25/linear foot).

    The average cost of replacing a furnace is between $3,000 and $8,000

    Between $2,000 and $3,000. When computing the total cost, remember to add and extra $500-$2,000 for installation

    Between $1.000 and $5,500.

    A gas furnace usually lasts 15-25 years.

    Choosing the Right Furnace for Your Home

    A typical home requires 30-60 BTUs per sq. ft. To calculate the total BTU required by your home, multiply the square footage of your home by BTU. If, for instance, you determine that your 1,000 sq. ft house requires 40 BTUs/sq. Ft. , choose a 40,000 BTU furnace(1,000X40).

    Whether you want to get an old furnace replaced or need furnace repair service, AVS Heating and Air Conditioning is here to help. We serve multiple areas. Whatever your furnace repair concern, we will come up with a cost-effective and sustainable solution. To talk to an expert, call (703) 457-9028.

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