Modern furnaces can continue to function well for up to 30 years, although the average lifespan is closer to 16-20 years. After this point, you may begin to notice that your furnace isn’t working as efficiently as it once did.
Buying a furnace to replace your current one can seem like a daunting task. After all, replacing such an integral component of your home heating system must cost a fortune, right?
Not necessarily. How much does a furnace cost? Why is it worth the cost and how do you know when it’s time?
We’re here to answer all of these questions. Read on to learn more about furnace prices and more.
How Much Does a Furnace Cost?
When you’re assessing the cost of a new furnace, it’s important to consider what kind of furnace you’re purchasing. Plus, you will also want to factor in the cost of installment.
Natural gas furnaces can cost as little as $600 and as much as $6,000. Electric furnaces tend to cost less, running anywhere between $600 and $3,000. Oil furnaces are the most expensive on the list, starting at around $1,800, although they rarely cost more than $4,000.
Installation costs tend to fall into the range of $1,000-$6,000, depending on the type of furnace you purchase. The best way to find out how much you can expect to pay is to get an estimate. For example, you can visit furnaceprices.ca if you’re looking for a good deal on a new furnace in Canada.
Why Is a New Furnace Worth the Cost?
As a furnace ages, it runs less efficiently than it’s supposed to. This means that it starts to use more energy to warm your home to you’re liking. As a result, your energy bill begins to rise.
In addition, older furnaces are more likely to need frequent repairs. This can also lead to high costs that will eventually come close to, if not surpass, the cost of a new furnace.
At the end of the day, replacing your furnace is an investment that saves you money in the long run.
How Do You Know If It’s Time to Replace Your Furnace?
Two easy ways to spot the need for a new furnace relate to what we’ve said above: high energy bills and frequent repairs. However, some signs are more subtle.
If you find that your home no longer maintains a consistent temperature in the winter, you may have an issue with your furnace. New and unusual sounds coming from your furnace indicate that you should at least get an inspection. Furnaces that seem to shut off and come back on may also require replacement.
Invest in Efficient Heating With a New Furnace
If it’s time to replace your furnace, you’re probably wondering, how much does a furnace cost? A home furnace system is an investment but one that, in the end, will save you money. Request a quote to get the best answer to local furnace prices.
Looking for more ways to manage your household in a cost-effective way? Take a look at our home management content for tons of great advice for homeowners.