One of the first considerations most homeowners have when thinking about home heating is the new furnace price. The broadest range starts at $3,000 and goes to $7,600 and up. This new furnace price range includes the cost of equipment, allowances for sizes, and system installation — including the ductwork.
The actual new furnace price homeowners pay depend on these three significant factors:
1. Energy Efficiency
Furnaces that use fuel more efficiently cost more initially, but in the long run, they are the better value. The minimum efficiency, called annual fuel utilization efficiency (AFUE), is 80, and it reaches 98 for the most efficient units. Over time, furnaces with a high AFUE save money because they provide more heat from the fuel they use compared to a system with a lower AFUE.
While there is a strong correlation between your home’s size and the size of the furnace you need, other factors come into play. Your home’s energy efficiency makes a big difference, as does your personal preferences.
A structure with adequate insulation, dual-pane windows, and few air leaks may not need as large a furnace. Also, if you don’t like it overly warm, you may not need as much capacity, which reduces the cost. The normal prices cited cover the cost of a home up to 5,000 square feet.
As you learn more about today’s furnaces, you’ll find there are features that make home heating more energy efficient and comfortable. A variable-speed fan motor is one of these features. The system will run at different speeds depending on the heating load. Such fans increase comfort and ultimately contribute to lower heating costs.
How much each of these three factors increases the new furnace cost depends on a host of variables that are unique to your home. As a general rule, it’s better to include features in the furnace at the start rather than upgrade them later.
If you’d like to learn more about a new furnace price, contact the pros at Detmer and Sons. We provide trusted HVAC services for Dayton-area homeowners.