New Furnace Replacement Cost Guide for 2024
Replacing Furnace Cost In 2024 Runs Homeowners Between $3,330 To $5,650
Your Complete New Furnace Replacement Cost Guide 2024
Furnace Replacement Cost By Type
The type of system you have now can be a significant indicator of how much a furnace replacement will cost. An air handler can cost between $3,330-$3,980 for a new installation, while a gas furnace costs around $4,380-$5,650.
| Indoor Furnace Heating BTUs | Air Handler Cost | Gas Furnace & Coil Cost | Oil Furnace & Coil Cost |
|---|---|---|---|
| 45,000 BTU Furnace Cost | $3,330 | $4,380 | $5,120 |
| 70,000 BTU Furnace Cost | $3,470 | $4,990 | $5,640 |
| 90,000 BTU Furnace Cost | $3,660 | $5,210 | $5,990 |
| 110,000 BTU Furnace Cost | $3,980 | $5,650 | $6,400 |
To quickly answer the question “How much is a new furnace.” A good rule of thumb would be a 45,000 BTU furnace price is going to range from $3,330 to $5,120 depending on the type of furnace you have. A 70,000 BTU furnace price is going to be around $3,470 to $5,640. When it comes to a 90,000 BTU furnace price is going to run between $3,660 to $5,990. And lastly a 110,000 BTU price is going to come in around $3,980 to $6,400.
When a furnace replacement is needed, it is most common to use the same system type. Using the same system type as before is by far the cheapest furnace replacement option. When going from one system type to another, you’ll most likely need to replace the outdoor unit too—along with getting an electrition to upgrade electrical and a plumber to handle gas. Needless to say, most homeowners don’t want to go down that road.
Gas Furnace
Gas furnaces work differently from heat pumps or electric furnaces. They use combustion to heat while the others do not. A gas furnace will cost more than the other two furnace types due to all the safety measures that must be met for a proper installation. The combustion of the gas creates carbon monoxide as a by-product. If proper ventilation and safety measures are not followed, it could lead to carbon monoxide poisoning. The additional safety requirements increase the labor cost, making gas furnace installs more expensive than the other two types of furnace install. Gas systems are most suitable for northern states because they handle the extreme cold far better than the other two options. If you are asking how much does a new furnace cost, it will range from $4,380 to $5,650, depending on the size of the system you need.
Heat Pump Furnace
A heat pump furnace is the only type that uses the outdoor unit to warm the home, setting it apart from the other two system types. The other two furnace types work independently from the outdoor unit when warming your home. A heat pump uses the outdoor unit to exchange the outside ambient temperature for warmth. It then pushes the warm freon to the indoor furnace. From there, the freon warms the furnace coil and blows the warmer air through your home. Since a heat pump uses outdoor ambient temperature rather than electricity or gas, it is the most energy-efficient way to heat your home. This system does not work well for northern states because it can’t exchange the outdoor air into heat when it’s around 10 degrees outside. A heat pump furnace will cost a homeowner around $3,330 to $3,980.
Electric Furnace
An electric furnace is the most straightforward but most energy inefficient system available. An electric furnace cost less than the others, largely due to its simplicity. Air is blown over a heat strip inside the furnace, warming before being circulated throughout the home. These cost-effective and reliable furnaces work best in the southern states and rental properties, where efficiency is not a primary concern. Homeowners looking for how much an electric furnace costs should expect electric furnace prices to range from $2,900 to $3,600.
Breakout Of A New Furnace Cost
A fair price for a homeowner to replace a basic furnace is around $2,940 to $5,430. But what all goes into a furnace replacement cost? There is the equipment, miscellaneous materials, and labor that dictates the cost of a furnace install.
What Is Included In A New Furnace And Evap Coil Installation
- Furnace Removal and Install
- Removal & disposal of the current indoor furnace.Â
- Installation of furnace to city code.Â
- Evaporator Coil Removal and Install
- Removal & disposal of the current evap coil.Â
- Installation of new evap coil to code.Â
- Misc Parts
- Installation of heating elements, new drain pan, safety float switches, and locking caps, and proper max circuit protection fuses.
- Reconnection of drain line. Plenum transitions properly attached and sealed.
- Furnace Removal and Install
- Refrigerant and CalibrateÂ
- Flushing of line set to accommodate new refrigerant.Â
- Calibration of AC system
- Inspection
- Permits and city inspection
- Warranty
- 10-year parts warranty & 1-year labor warranty
| Item | Equipment & Misc Cost | Labor Cost At $120 Per Hr. |
|---|---|---|
| Furnace Removal and Install | $1,400 - $2,300 | $480 - 840 |
| Evaporator Coil Removal and Install | $500 - $700 | $120 - $240 |
| Misc Parts | $150 - $250 | - |
| Refrigerant and Calibrate | $150 - $860 | $90 |
| Inspection | $50 - $150 | - |
| Total | $2,250 - $4,260 | $690 - $1,170 |
Furnace Cost By Tonnage
How much does a new furnace cost? Size is one of the main determining factors for the cost of a new furnace. 1 Ton = 12,000 BTU. A 2 ton, 24,000 BTU furnace is going to cost around $2,940 to $4,100. When it comes to a 5 ton 60,000 BTU furnace, you’re going to spend in the neighborhood of $3,600 – $5,430.
| Indoor Furnace by Ton/BTU | Furnace Replacement Cost |
|---|---|
| 24,000 BTU / 2 Ton | $3,140 - $3,900 |
| 30,000 BTU / 2.5 Ton | $3,250 - $4,320 |
| 36,000 BTU / 3 Ton | $3,300 - $4,540 |
| 42,000 BTU / 3.5 Ton | $3,580 - $4,730 |
| 48,000 BTU / 4 Ton | $3,750 - $4,800 |
| 60,000 BTU / 5 Ton | $3,800 - $5,200 |
Before You Buy A New Furnace
When a large developer builds a neighborhood of homes, they look for ways to keep their expenses as low as possible. One common practice we see all the time is builders under-sizing the HVAC system by 0.5 -1.5 tons. Sure they were able to save a few bucks, but now the furnace will struggle to keep up on cold days, leading to high stress being put on the furnace and reducing its useful life. We see this in about 25% of homes when installing replacements. I recommend having a local furnace company do a load calculation on your home to verify correct sizing. With the proper size installed, you reduce future repairs and increase the useful life of your furnace.
So when researching “how much does a new furnace cost,” one of the most important factors in setting a budget is knowing the size of the furnace you have. A 2-ton furnace cost is going to run between $3,140 to $3,900. A 2.5-ton furnace cost is going to be around $3,250 to $4,320. A 3-ton furnace cost can come in around $3,300 to $4,540. When it comes to a 3.5-ton furnace cost, you can expect to spend between $3,580 to $4,730. A 4-ton furnace cost is going to end up around $3,750 to $4,800. A 5-ton furnace cost is going to be the most pricy, coming in around $3,800 to $5,200. Anything larger than a 7.5 ton furnace would be considered a commercial furnace.
Most Cost Effective Furnace Brand?
Match the indoor furnace to the outdoor unit to help ensure a smooth install. Sometimes, people will opt for a mismatched system due to product availability or in order to start moving away from their current brand. If you are brand indifferent and are looking for the best deal on a new furnace, you will probably land on a brand like a Goodman or Payne for the cheapest furnace replacement. At the same time, Carrier and Trane are going to be your best upper-end options.
| New Furnace Replacement Brand | Average 3 Ton Furnace Installation Cost |
|---|---|
| Lennox Furnace Price | $4,700 |
| American Standard Furnace Price | $4,600 |
| Carrier Furnace Price | $4,550 |
| Trane Furnace Price | $4,550 |
| Ruud Furnace Price | $4,500 |
| Rheem Furnace Price | $4,400 |
| Bryant Furnace Price | $4,300 |
| Amana Furnace Price | $4,200 |
| HEIL Furnace Price | $4,150 |
| York Furnace Price | $4,100 |
| Coleman Furnace Price | $4,050 |
| Payne Furnace Price | $4,000 |
| Goodman Furnace Price | $3,950 |
Is The Brand Or Installation Company More Important?
Choosing the best furnace brand available can help with the system’s longevity. But, what is going to impact the finance lifespan the most is the installation. I recommend putting more emphasis on the local replacement company than the brand. Certain brands offer different technology such as Carrier’s Intelisense or Infinity Series, but if you are just looking for a generic comfort series furnace, focusing on the installation will save you some money and headaches in the future.
Brands
Some furnace brands last longer and are more reliable than others. But it’s not always true that you get what you pay for when it comes to a replacement, as evident by the class-action lawsuit against Lennox, the most expensive brand, due to its faulty equipment. We often handle major repairs or replacements for Lennox systems in Texas that are only five years old. Any manufacturer can have problems with equipment that has been changed or improved. The problem is issues usually don’t start popping up for a few years. My top picks are Carrier and Trane because we have good experience with these furnaces. However, your best bet for getting the right brand is to ask around locally. Some brands support particular areas of the US better than other regions. Talk with friends, family, and other replacement companies to determine which brands are most prevalent in your area and work from that list. When it comes to pricing, Lennox and American Standard will be the most expensive, while Payne and Goodmen will be the cheapest available.
Furnace Replacement Company
When getting a new furnace for your home, you should spend most of your time and effort finding the right local furnace replacement company. A lot goes into a replacement, from sourcing the correct equipment, installing safely and correctly to the follow-up support needed to work out any bugs. You need a company that will take this very seriously. Many contractors will look at you as a way to make a quick buck. I recommend looking through Google and BBB reviews of local furnace companies to get an idea of their reputation. After creating a list of companies you like, give them a call to get the price of a new furnace, gathering several quotes before finalizing your choice.
Cost Of A Furnace Per Region In America?
Depending on where you live, there can be a difference of around $1000 for a new furnace replacement cost. The northern states need large furnaces to handle the long cold winters, unlike the southern states, which only deal with a mild winter.
System Size And BTUs Needs Can Vary
The temperature differences between regions determine the size of the furnace you need for your home. We don’t often use our heater in the southern part of the US. However, up north, you might need to run your heater for half of a calendar year in some areas. The cost of a new furnace will vary by a thousand dollars throughout America, depending on the heating demand of each region.Â
Gas Furnace Replacement Price Per Region
| Size of Home | Northern New Furnace Cost | Southern New Furnace Cost |
|---|---|---|
| 800-1000 Sq Ft House | $4,350 | $3,900 |
| 1000-1200 Sq Ft House | $4,840 | $4,300 |
| 1200-1400 Sq Ft House | $5,400 | $4,540 |
| 1400-1700 Sq Ft House | $5,700 | $4,700 |
| 1700-2000 Sq Ft House | $5,800 | $4,800 |
| 2000-2500 Sq Ft House | $6,000 | $5,200 |
Up North
The US’s Northern and North/Central regions will typically use a gas or oil furnace. A heat pump doesn’t work well up north because it struggles to convert the outdoor ambient temperature into heat when the temperature drops below negative 10-degrees. An electric furnace is just too inefficient to run through the long winter up north experiences. That leaves a gas or oil furnace. The further north you go, the more you must rely on an oil furnace. The average cost to replace a furnace up north will run around $4,000 to $4,800.
Down South
Homes in the Southern and South/Central region can be heated using a heat pump, electric, or gas furnace. This region of the United States is pretty flexible regarding furnace type. We see many people wanting a heat pump furnace due to its competitive cost and energy efficiency. Electric furnaces have become the least desirable system due to their inefficiency. Gas furnaces are still widely used because many believe they provide superior quality. Everyone has their preference, but we don’t use our heaters that much down south and are primarily concerned about our air conditioners. A new furnace installation cost down south will run between $3,300 to $3,800.Â
How Much Does A 95% Efficient Gas Furnace Cost?
A standard gas furnace operates at 80% efficiency. It is possible to bring the efficiency up to 95%. A 95% furnace cost about $2,000 more than a standard 80% furnace.
| Gas Furnace Tonnage | 80% Efficiency | 95% Efficiency |
|---|---|---|
| 2 Ton Furnace | $3,930 | $5,700 |
| 3 Ton Furnace | $4,540 | $6,580 |
| 4 Ton Furnace | $4,756 | $6,890 |
| 5 Ton Furnace | $5,200 | $7,540 |
What Is The Difference Between 80% Efficiency And 95% Efficiency?
80% Efficiency
An 80% gas furnace is great for the average home in America. This furnace will deliver the same quality of heating for your home at 95%. However, you use 15% more gas to keep your home warm, not a big deal for homeowners in the south because we don’t use our heaters that often. For homeowners up north, it’s a different story.
This furnace works well for homes that breathe a little because they do not bring in fresh air from the outside as the 95% does. Overall, if you are not concerned about saving gas because you don’t use your heater that often or have a dated home that breaths, an 80% furnace might be a good option for you.
95% Efficiency
There is a pretty big jump in price for a 95% gas furnace. Is paying an additional $2,000 worth it? It just simply depends on the application. If you live up north and use your furnace 4 to 5 months out of the year, I would consider upgrading to a 95% system. The increase in efficiency will most like ROI in a reasonable amount of time.
For some folks that live in the country, gas prices can be extremely high. There is nothing worse than running your heater a little and getting stuck with a huge bill. A 95% furnace will help keep your gas bill as low as possible.
Another application requiring a 95% heater is for homes that have a tightly sealed envelop. These are your highly energy-efficient homes that use spray foam insulation. A 95% furnace brings in fresh outside air while 80% does not. A combustions heaters burn gas and oxygen, and the oxygen has to go somewhere. If you are a homeowner with an energy-efficient home, you will most likely want the 95% anyway.
About Your Central Furnace?
There are 3 main components that make up your central heating and cooling system, which can be found in the acronym HVAC. HVAC stands for heating, ventilation, and air conditioning.
The furnace/air handler is the equipment used to warm your home and push air through your vents.
The ventilation, also known as ductwork, is responsible for evenly distributing the air through your home to maintain a consistent temperature.
The outdoor AC unit/condenser is responsible for creating cool air for your home.
12 Things Every Homeowner Should Know Before Buying New A New Furnace
The HVAC industry still operates as the wild west, and many homeowners are left to fend for themselves. Atlas created the Buyers Guide to prevent homeowners from being exploited by untrustworthy replacement companies.
Use this guide to help you select the best company for your next furnace replacement.
Focus On Finding The Best Local Company
Many homeowners get caught up on brands, warranties, and furnace types, thinking that is the key to a long-term solution. In reality, what primarily determines future service calls and the system’s longevity is the installation. If a furnace is not installed correctly, you’ll need routine maintenance to keep it going, and any install errors will significantly reduce the life expectancy of the new furnace. The company installing the new furnace is crucial so, take your time and find the right person.
Like For Like Typically Have The Best Results
Using the same brand and system type typically leads to the smoothest outcome. Once you start mismatching systems, it requires a higher level of expertise. It is entirely possible, but the average install team will struggle to get everything correct. A good rule of thumb is the most reliable and cheapest furnace replacement solution is a like for like system.
Make Sure Your Furnace Is Sized Right
It is common for an HVAC company to bid and install a furnace based on the data tags without doing a load calculation on your home. As you go through the process of getting quotes for a furnace install price, I recommend having a local furnace company do a load calculation to make sure you get the right size system.
If you happen to live in Texas and need a good company to take care of your heating and cooling needs, let us know. We are a full-service heating and cooling company doing air conditioner repair and installation. Check out our best air conditioner, AC freon, and AC compressor pages for more useful information.
