How Much Does It Cost to Replace and Install a Furnace?
Furnace replacement and installation are jobs that most homeowners can do by themselves, but it may be more cost-effective to hire a contractor. The average cost of replacing a furnace is $3,500-$4,300.
You may be shocked to find out that your contractor might not install the brand-new equipment you buy at Home Depot. It’s often very labor-intensive (and more costly) to remove existing ductwork and install new heating vents in your home. As such, it’s often an additional charge to have the equipment installed based on specific criteria for your job. Depending on these factors, your total costs could range anywhere from $3,500- to $7,000+.
Electric Heat Pump or Furnace Replacement Costs & Prices
The actual cost of replacing an electric heater is difficult to estimate because of all the variables involved in installing one into the home. However, on average, a new system will cost you around $2,000-$4,500. The price range is so extensive because most people don’t know exactly what is installed in their home, and many systems require ductwork to be replaced at the same time. However, if there’s no ductwork to do and it’s just a replacement alone, you’re looking at around $1,500-$3,000.
So this begs the question: What does your home currently have? We recommend calling an HVAC contractor for more specific information about replacing any heating or cooling system in your house – that way; you get an accurate quote with no additional surprises when the job begins! Here are some questions we recommend asking:
· Will I need to remove my existing furnace/heating system? If so, what is the cost of this service?
· Is there any ductwork that needs to be replaced or repaired? How much will it cost if I already have central air conditioning vents installed in my home and I need new ones?
· Will excavation be required for a gas furnace replacement (i.e., digging up the cement slab and potentially repouring it)? This can be an additional $300-$500 on top of your total price.
· What kinds of natural gas lines does my home have that you will need access to during installation & how many feet away from where you will install the equipment are they located? Or if you’re installing electric heat: What’s the circuit breaker capacity, and how many amps (i.e., how many watts) does it supply?
· Is the ductwork in your house old and falling apart? Do I need to replace it as well? If so, how much will this cost me if I’m not already replacing my heating unit at the same time?
· Are there any other parts such as a gas pressure regulator or gas shut-off valves that you recommend be replaced simultaneously? Any sales tax involved with these items or any additional service fees for installation or repairs?
You can easily avoid overpaying for a furnace replacement by asking a few simple questions upfronts.