Looking for a new furnace? This guide should help you estimate how much a new furnace installation could cost. Below, we give some tips to help guide you in your search for a new furnace, calculate furnace installation cost, and plan for things to expect.
Galmiche & Sons has years of experience installing furnaces for homeowners in the St. Louis area, so if you have any questions, we want to help! Reach out to our heating & air conditioning company today, and we will shed light on furnace installation costs for your home.
Which Furnace is Right for You?
Thanks to advances in technology, there are now more types of furnaces to consider for various climates. Since most furnaces last 15 years or more, it is important to figure out which features will benefit your home in the long run and can best help offset the initial furnace installation costs.
- Gas Furnace: More than 50 percent of home furnaces in the United States are powered by natural gas. A natural gas furnace can cost between $2,000 to $3,800 or more, depending on how energy efficient it is.
- Electric Furnace: An electric heater typically uses smaller registers distributed around each room, with a lower furnace installation cost ranging in average between $1,800 and $2,700. However, this type of heater can come with higher energy bills and are not generally recommended for large spaces.
- Heat Pump: Heat pumps are becoming more popular because they also function as air conditioning units. They pull heat from the air or the ground, which can make them hard to use in extremely cold climates.
- Oil Furnace: Oil furnaces are still around but have been out paced by newer options that offer better energy efficiency. The oil furnace installation cost can start around $2,500 but can quickly rise if there is a lot of ductwork to modify.
Energy Efficiency
Newer models of furnaces often are rated at 90 percent or more for their energy efficiency, especially compared to older models. Efficient furnaces equate to a decrease in your utility bill. When considering furnace installation costs and the price of new furnace equipment, keep in mind that you will get your money back over time through your utility bill savings when you choose more efficient models. Many states also offer rebates and tax incentives for high efficiency models, saving you further money.
Furnace Installation Labor Costs
Regardless of how much you pay for your new furnace, there will be the additional cost of furnace installation. The price of labor can average $1,000 for an eight-hour install. Installation costs for furnaces depend upon:
- Duct work modification or repair
- Furnace size
- If the licensed installer charges on a cost per hour or an upfront furnace installation cost
Learn More About the Costs Involved with Furnace Installation in St. Louis
Although the costs of installing a furnace vary significantly, you can avoid price shock by getting all the information you need ahead of time. At Galmiche & Sons, we can answer any questions you may have about the best furnace for your home as well as the furnace installation costs involved. So, if you are in the market for a new furnace, contact our heating and air conditioning company to get a free quote for your HVAC system installation today!
