Get Precise Furnace Replacement Cost Estimate Instantly Online
Several factors can influence the overall cost of replacing a furnace:
1. **Type of Furnace**: The type of furnace you choose—whether it's gas, electric, oil, or a heat pump—can significantly impact the cost. Gas furnaces are generally more expensive than electric ones but are more efficient in colder climates2.
2. **Efficiency Rating**: Furnaces with higher efficiency ratings (measured by AFUE—Annual Fuel Utilization Efficiency) tend to have higher initial costs but offer long-term savings on energy bills. For instance, a furnace with an AFUE rating of 95% means that 95% of the fuel is converted to heat3.
3. **Installation Complexity**: The complexity of the installation can also affect the cost. If your current ductwork needs modifications or if the installation location is difficult to access, labor costs may increase.
4. **Regional Differences**: Prices can vary by region due to differences in labor costs and local regulations. It's essential to get estimates from local contractors to understand the specific costs in your area.