Understanding how to estimate the cost of installing heating and cooling units in your home, will give you a better estimate of how much you will need to spend per month on your heat/cooling bills, and also the cost for the unit(s) themselves. By knowing various specifications of your home, you will be able to come up with a precise estimate of how much all of this will cost for your family.
Things You'll Need
- Exact square footage of your home
- Knowledge of your home's installed insulation
- Knowledge of your home's duct work - already installed, or not?
- pen and notepad
How to Estimate the Cost of Installing Heating & Cooling in Your Home
Take measurements to find the exact square footage of your home. If you are unsure, measure each room in your home length by width and multiply. For instance, a 10x10 foot room is 100 square feet. Once you measure all the rooms, hallways and living spaces, add all of these totals up and write them down in your notepad.
Next, find out what type of insulation is already installed in your home, and how old it is. Some insulation types can hold in heat and cool air better than others. Knowing what material has been used will be able to tell you how well the heat or cool air can stay in your home without escaping. This is important for estimating your monthly bills to heat or cool your home.
See if your duct work has already been run. If your home uses forced hot air for heating (you have vents installed throughout the home either on the lower portion of the wall, or on the floor), the duct work is already run - saving you money on installation costs. If no duct work has been run in the home, new vents and duct work will need to be run which can cost between $1000 and $3000 depending on the size of your home.
Finally, research various prices for heating and cooling units that fit the size of your home, and perhaps how many units you may need. See the Resources Link for various sites that list the costs for units. Write down the estimates for these costs in your notepad. In general, they will cost between $1200-$2500 depending on the size and output.
Research various heating and cooling installation companies in your area. Before calling, know all of the above details and have several of them come to your home to provide an estimate. The installer will be adding charges for the installation and labor. Knowing what the overall cost is of each of the products needed for the job, you will be able to use this as a negotiating tool.
Tips & Warnings
- Currently, you can also get a tax rebate of $1500 for installing an energy efficient unit. Also check for special deals through various manufacturers and sales for specific units.
- Get several estimates from several different contractors. They will all be different, and will all charge different prices for the labor and materials. While you may be tempted to go with the cheapest estimate, do your homework and research the company/contractor who is doing the work.
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