How Much is a New Furnace?
If you're considering getting a new furnace, you're probably curious about the cost. The price of a new furnace can vary based on several factors. In this article, we will examine the elements influencing furnace costs, how to budget effectively for a new furnace, and tips on choosing the right furnace for your needs. By understanding how much does a new furnace cost, you can make an informed decision.
Factors Affecting How Much A New Furnace Costs
Investing in a new furnace involves considering various factors that can influence the overall cost. Knowing these factors can help you make an informed decision and find the best furnace for your home. Here are key aspects that affect furnace cost:
Size and Capacity of the Furnace
The size and capacity of the furnace are crucial in determining its cost. A larger furnace with higher heating capacity generally costs more than a smaller one. It's essential to choose a furnace that is appropriately sized for your home to ensure optimal heating efficiency.
Energy Efficiency Ratings
Energy efficiency ratings, such as AFUE (Annual Fuel Utilization Efficiency), significantly impact the cost of a new furnace. Furnaces with higher AFUE ratings are more energy-efficient, resulting in lower energy bills over time. While these high-rated furnaces may have a higher upfront cost, they offer long-term savings.
Additional Features and Accessories
Furnaces can come with a variety of additional features and accessories that can affect their cost. These may include programmable thermostats, zoning systems, noise-reducing technology, and advanced filtration systems. While these features enhance comfort and convenience, they also contribute to the overall furnace cost.
Furnace Type and Fuel Source
The type of fuel the furnace uses (natural gas, oil, propane, or electricity) plays a significant role in its price.
| Furnace Types | Cost |
| Natural Gas Furnaces | Generally the most affordable and commonly used type, particularly if you already have a gas line in your home. |
| Electric Furnaces | Typically less expensive upfront but may have higher operational costs depending on electricity prices. |
| Oil Furnaces | These tend to be more expensive than gas or electric models, and you’ll also need to consider the ongoing cost of oil. |
| Propane Furnaces | Similar to oil furnaces in terms of cost, propane furnaces are used in areas without natural gas supply. |
Installing Contractor
The installing contractor and the cost they charge for labor is a significant part of the total furnace installation cost. Labor costs vary by contractor and location. If you're in an area with high labor rates or remote locations, installation could be more expensive.
Labor Warranties and Maintenance Plans
Many furnaces come with manufacturer warranties for parts, but extended warranties or labor warranties may also be available for purchase but will add to the cost. A labor warranty covers the cost of labor for furnace repairs or replacement of parts that are defective or fail during the warranty period. An extended warranty is an optional service contract that goes beyond the standard manufacturer’s warranty. It covers repairs or replacements for parts of the furnace after the initial warranty period expires.
Some furnace dealers offer maintenance plans or service agreements for regular upkeep, which can add to the initial cost. These plans often include annual inspections, priority service, and discounts on repairs.
Five Ways To Combat New Furnace Cost
The cost of a new furnace can be substantial, but there are several ways to manage and potentially reduce the financial impact.
1. Explore Financing Options
Exploring financing options can make the purchase of a new furnace more manageable. Many Bryant dealers offer a range of flexible financing plans to suit your budget. With competitive interest rates and convenient payment options, you can find a financing solution that works for you. Your local Bryant dealer can guide you through the financing process and help you choose the best option for your needs.
2. Look Into Incentives and Rebates
Some regions or utility companies offer rebates or tax credits for installing high-efficiency furnaces. These incentives can help offset the higher upfront costs of energy-efficient models. Depending on the furnace’s efficiency and your location, you may be eligible for a federal tax credit for installing an Energy Star-rated furnace, which could reduce your overall cost.
3. Choose A High Efficiency Model
While high-efficiency furnaces may have a higher upfront cost, they can save you money over time by reducing your energy bills. A furnace with a high AFUE rating can provide substantial savings in fuel costs, making it a smart long-term investment that offsets the initial expense.
4. Get Multiple Quotes
When replacing your furnace, get quotes from several contractors to compare prices and installation services. This can help you find competitive pricing and ensure you're not paying more than necessary for the unit or labor.
5. Take Advantage of Off-Season Sales
Furnace prices can vary based on the time of year, with lower prices often available during the off-season (typically spring or fall) when demand for heating systems is lower. Shopping during these months can allow you to get a better deal on both the furnace and installation costs. Bundling your purchase with a new air conditioner may help as well.
How Much Is A New Furnace For You? Connect With A Bryant Dealer
At Bryant, we understand the importance of finding the right furnace that fits your budget and heating requirements. Our wide range of reliable and energy-efficient furnaces are designed to provide optimal comfort while keeping your energy costs in check. Contact your local Bryant dealer today to get a quote to find out how much a new furnace is for your home.
Learn More About Furnaces
- Learn about furnace repair
- Explore furnace replacement
- Read our guide to furnace parts
- Find out what is a propane furnace
- Discover what is a heat pump vs furnace
- Read our guide to furnace service
- Explore what is a furnace
- Understand natural gas furnaces
- Discover the value of a high efficiency furnace
- Read our guide to furnace filters
- Learn the importance of the AFUE furnace rating
- Get help with a furnace not turning on or a furnace leaking water
- Find out how long does a furnace last
- Explore the value in getting a furnace humidifier
- Discover what is a heat exchanger
Explore Bryant Furnaces
Choose a Bryant furnace for reliable, efficient heating that keeps your home comfortable throughout the winter. Known for their durability and advanced technology, Bryant furnaces offer quiet operation, precise temperature control, and energy-saving features like variable-speed motors and two-stage heating. With a range of models to suit different home sizes and needs, Bryant furnaces are built to last and come with industry-leading warranties, providing peace of mind and long-term value for your home heating system.
