Now that fall is here and winter right on its heels, it’s probably time to think about your furnace. If it’s gotten to that point where you don’t have any choice but to replace it, you’re probably wondering what it will cost you. Let’s break down what you need to know about the average cost of a furnace replacement and a few tips that might save you some money in the long run.
To learn more or request a quote for your new HVAC system installation in St. Louis, contact the experts at Galmiche & Sons today.
Average Cost of a Furnace Explained
On average, replacing a furnace can cost you anywhere from $2,500 to $7,500. The wide gap accounts for various factors, such as the type and size of the furnace, the complexity of installation, and even your geographical location.
For instance, a basic model gas furnace might cost around $1,500, but add installation, labor costs, and some essential upgrades, and you are looking at $4,500. A high-efficiency model could set you back $7,500. Electric furnaces tend to be a bit cheaper upfront but can be pricier to run depending on your electricity rates. And let’s not forget about possible ductwork replacement or modifications or additional installations like a new thermostat upgrade.
What Factors Affect Furnace Replacement Cost?
Several factors affect the average cost of a furnace replacement:
- Type of Furnace: Gas, oil, or electric? Each has its own price range and efficiency. Typically, gas furnaces are more common and might be cheaper in the long run because of lower fuel costs.
- Furnace Size: The size of the furnace should match your house’s heating needs. Too big, and it wastes energy. Too small, and it won’t heat efficiently.
- Efficiency Rating: Higher-efficiency furnaces mean higher upfront costs but lower monthly bills. Look for units with high Annual Fuel Utilization Efficiency (AFUE) ratings.
- Installation Complexity: If your home has old ductwork, tricky layouts, or other unique challenges, these can hike up installation costs.
- Labor Costs: Labor costs can vary based on where you live and the expertise of your contractor.
- Permits and Codes: Compliance with local building codes and necessary permits can also add to the cost.
How Can Furnace Replacement Save You Money?
With the average cost of a furnace replacement going up over recent years (just like many homeowner expenses), a new furnace can seem like a big expense, but think of it as an investment. Here’s how it saves you money in the long run:
- Energy Efficiency: Newer furnaces are designed to be highly efficient, which means you use less fuel to produce the same amount of heat. Over time, you’ll see a drop in your energy bills.
- Lower Maintenance Costs: Older furnaces often require more frequent repairs. A new unit will come with warranties and need less frequent maintenance.
- Improved Home Value: A new, efficient furnace can increase your home’s overall value, making it a selling point if you ever decide to move.
- Safety: Modern furnaces come with improved safety features, reducing risks associated with older units, such as gas leaks or yellow flames.
Turn to Galmiche & Sons for Furnace Replacement Expertise You Can Trust
When it comes to furnace replacement, it’s essential to go with a trusted name. Galmiche & Sons has been serving the greater St. Louis metropolitan area since 1950. Our expert technicians are skilled in working with both gas and electric furnaces across various brands and models. We provide top-notch installation, service, and maintenance.
When it comes to determining the average cost of a furnace replacement, don’t just consider the equipment alone. Factor in the long-term savings, the potential for improved comfort and safety, and the peace of mind that comes with professional installation. Contact our heating and air conditioning experts to request a quote today.
