Average Cost

• Typical Range: $2,826–$6,856.
• Average Cost: $4,780.
• Low End: $190 (small repairs or simple units).
• High End: $13,000 (premium or complex installations).

Cost by Furnace Type

| Furnace Type | Average Cost Installed | Notes | |-------------------|----------------------------|---------------------------------------------------------------------------| | Electric | $2,000–$7,000 | Ideal for mild climates; low installation cost but higher monthly bills. | | Natural Gas | $3,800–$10,000 | Cost-effective for energy bills; heats quickly. | | Oil | $6,750–$10,000 | Common in cold climates; higher fuel costs and maintenance. | | Propane | $3,700–$14,200 | Lower risk of fire; includes propane tank cost (~$700–$8,150). |

Cost by Home Size

| Home Size | BTUs Needed | Average Cost Installed | |-----------------------|-------------------------|-----------------------------| | 1,000 sq. ft. | 30,000–50,000 | $1,200–$2,000 | | 2,000 sq. ft. | 60,000–100,000 | $2,400–$4,000 | | 3,500 sq. ft. | 105,000–210,000 | $4,200–$7,000 | | 5,000 sq. ft. | 150,000–300,000 | $6,000–$10,000 |

Factors Affecting Furnace Costs

• Furnace Type: Electric is cheapest upfront; propane has the highest long-term cost.
• Home Size: Larger homes require higher BTUs, increasing costs.
• Efficiency:
• High Efficiency (96%+ AFUE): Higher upfront cost, long-term savings.
• Mid Efficiency (90–95%): Balances cost and performance.

• Low Efficiency (80–89%): Cheaper but less energy-efficient.

• Brand:

• Budget: Goodman™, Heil™.

• Premium: Carrier™, Trane™.

• Labor Costs: $75–$100/hour (average).

• Permit Fees: $400–$1,500 (varies by location).

• Ductwork Installation: $2,000–$5,000 if required.
• Old Furnace Removal: $60–$330.

Maintenance Costs

• Annual Maintenance: $60–$550.
• Furnace Tune-Ups: Prevents costly repairs and extends lifespan.

DIY vs. Hiring a Pro

• DIY: Not recommended due to risks (e.g., gas leaks, improper venting).
• Pro Installation: Ensures safety and compliance with local codes.

How to Save Money

• Compare Quotes: Get estimates from multiple HVAC pros.
• Use Coupons or Rebates: Check for promotions from installers or manufacturers.
• Invest in Energy Efficiency: Tax rebates available for 97%+ efficient gas furnaces.
• Rebate: Up to $600 (through 2032, per EnergyStar).

By understanding these costs and factors, you can confidently choose the best furnace for your home while staying within budget!

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