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

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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 top 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? We attempt to answer this question.

Furnace Replacement and Installation Cost 2021- 2022

The average cost of replacing or installing a furnace ranges from $2,150-$5,900. Homeowners typically pay in the range of

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$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 charges a $50 fee. If you want your 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

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.

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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 services, 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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