Is it time to retire your aging furnace? Perhaps you want to replace your baseboard heaters with more modern equipment. Or maybe you’re looking for a reliable forced-air heating system for your new home in Clinton Township. Whatever the case, you’re wondering what a furnace installation costs and whether the price fits in your budget. Explore the factors that affect what you’ll pay for a new furnace so you know what to expect before making the investment.
Unit Size
In general, larger homes need bigger furnaces to keep up with heating demand. Other factors that go into sizing a furnace include home layout, insulation levels, air-tightness, internal heat gain, sun exposure, and more.
As you might expect, equipment size and furnace prices go hand-in-hand. By sealing your home’s air leaks and adding insulation, you may qualify for a smaller heating system, lowering the upfront furnace cost along with your energy bills.
Efficiency Rating
Today’s energy-efficient HVAC systems use advanced technology to keep your home comfortable while consuming less fuel. Features such as two-stage heating, variable-speed blowers, and primary and secondary furnace heat exchangers tend to cost more than older technology. As a result, high-efficiency furnaces usually cost more upfront, but in return, you enjoy lower energy bills for years to come.
Fuel Type
Two of the most popular types of residential heating systems are natural gas furnaces and electric furnaces. Gas furnaces tend to cost more to purchase and install, but they have lower operating costs to help pay you back over the years. Natural gas is also a relatively clean fossil fuel, which lowers your environmental impact.
Electric furnaces are more affordable to install, but the inherently higher cost of electricity raises your energy bills. However, if you don’t have a natural gas line or you want to utilize the solar panels on your roof, electric heating might be best. In that case, you may want to consider a high-efficiency electric heat pump.
Complexity of the Installation
Labor costs are a significant factor when determining new furnace cost. Do you need a natural gas line or ductwork put in? Is the installation location difficult to access? These factors may drive up labor costs and increase the overall furnace price. However, furnace installation is not a DIY job and should always be left to a licensed technician.
While furnace replacement costs are important to consider, it’s even more critical to choose a trustworthy HVAC company for the job. After all, you’ll be counting on your heating system to deliver efficient home comfort for the next decade or more, so choose your furnace installer wisely.
Hoover Electric has over 40 years of experience performing furnace repair, replacement, and installation in the Clinton Township & Troy area. We carry the latest and greatest heating systems, with unparalleled customer service sure to exceed your expectations. Plus, we’re currently offering $100 off new heating and cooling system installations. Call us at (586) 756-5676 or contact us online to learn more or to schedule a furnace replacement estimate!
