How Much Does a New High Efficiency Gas Furnace Cost?

The average new high-efficiency gas furnace, with installation, can vary from $5,500 – $7,500 depending on the unique requirements of your home. The size of the unit, type of unit and installation requirements, all play a factor in the cost. Let’s look at some of the factors in more detail to help ensure you’re making the right choice.

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Make Sure You Get The Correct Size

One of the most important factors to consider is the size of the unit that your home requires. Sizing a furnace based solely on the square footage of your home is not an accurate solution, it may get you in the ballpark, but there are lots of other factors that need to be taken into account in order to find the correct size for your home. Insulation values, windows, number of people, and ductwork size, are just some of the factors that need to be considered. A furnace that is too big will turn on and off more frequently, which increases your utilities, reduces the life span of the furnace, increases wear and tear, and creates excessive noise and uneven temperatures throughout your home. A furnace too small, will run contently and not be able to reach your comfortable set point, leaving you in the cold all winter long.

Efficiency Matters When It Comes To Your New Gas Furnace

Another important factor is the efficiency of the furnace. High-efficiency furnaces start at 90% and go as high as 98%, with the average being 95% in our market today. The easiest way to understand efficiency is, that for every $1 you spend to heat your home the efficiency rating is how much is going to be kept in your home. The older furnaces many of you still have in your homes are 70-80% efficient, meaning for every $1 you spend to heat your home 20-30 cents is wasted. Typically, using flexible monthly payment plans, you are able to save more on your utilities than what the monthly payment would be and your system is covered under warranty for the next 10+ years, it’s a win-win and you get to save some of your hard-earned money every month and live in a more comfortable environment.

Don’t Forget The Value of a Warranty

Warranty is another important factor to consider as well. Most homeowners overlook this part until there is a costly furnace repair and then regret not investigating warranties a little more thoroughly. Most entry-level furnaces come with 5 years of parts warranty and a 20-year heat exchanger from the manufacturer. While some units come with 10 years of parts and life-time heat exchanger warranty. Another important warranty factor to consider is the labour warranty, which is provided by the contractor you have chosen to hire. This can range from 1yr labour warranty to 10 years labour warranty. We have a program that provides 15 years of parts, compressor and labour warranty on a new Trane system, there is more on our unbeatable warranties here.

With these just being a few of the factors to consider before purchasing your new high efficiency gas furnace we recommend sitting down with an experienced professional for a free consultation, where they ask several detailed questions to decide the type of system that will best suit your family and your home. This process will guarantee the best results for keeping you comfortable and saving you money. Give us a call today to schedule your free in-home evaluation.