How Much Does a New Furnace Cost

One of the major expenses homeowners have to be deal with is when it comes to the heating system. A new furnace, most especially, is more expensive than a washing machine with dryer or a new bathtub. But then again, installing this in your home will let you enjoy big savings going forward.

 

furnace installation

If you have an aging furnace in your house and you’re considering replacing it, you’re probably wondering how much does a new furnace cost. While it may be tempting to just call up a local contractor and replace your existing furnace with a new one that is nearly identical, if you do your homework you could end up saving a fortune in the long run.

 

Only Considering How Much Does a New Furnace Cost

If you went online and reviewed the prices for furnaces, you may be tempted to go with the cheapest furnace you can find. The problem is that there are many types of furnace systems, and the retail price of the furnace doesn’t always tell you the whole picture.

Types of Furnaces

There are many different methods that you can use to heat your home and the water you use every day.

  • Natural Gas – Natural gas heat sources, such as propane heaters, use natural gas as a fuel to heat the water or air that is used to heat your home. While the price of natural gas isn’t always the lowest of all fuels, it is the most efficient. Since you can obtain more BTU (heat energy) from less fuel, the higher price is offset by the amount of heat you can obtain per volume of natural gas.
  • Oil – Oil furnaces are the most common in the Northeastern U.S. because of the lack of easy access to natural gas. An oil heating system includes