How Much Do Home Furnaces Cost?
Replacing the existing furnace in your home is a necessity for many, especially when you consider that furnaces are designed to last 20 years or fewer. The amount you spend on a new furnace depends on the type installed. Does this Spark an idea?
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Cost
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The cost of a new furnace costs a minimum of $3,000, according to Galt Tech, and can cost up to $5,000 as of 2011. Cost Helper puts the cost of a standard gas floor furnace at less than $1,000, while energy efficient furnaces can reach over $6,000.
Considerations
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Adding a new furnace in your home comes with additional fees as well, including an inspection done by the city government. If you're adding an energy efficient furnace, then you may need to pay for a chimney liner or pay for the removal of the old fuel tank.
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Benefits
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Newer furnaces have an energy efficiency rating of up to 95 percent, according to Galt Tech, while older models have as low as 60 percent efficiency. A newer furnace can save you a significant amount of money on your heating costs.
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