The energy efficiency and size determine the cost of installing a new furnace in BTUs of the heater, the size of your home, ductwork changes, labour, permits, and the intricacy of the installation.
Installing a furnace can cost anywhere from $600 to $3,100, depending on the system type, efficiency rating, size, model, variety, brand and task complexity.
Installers of furnaces charge between $70 and $100 per hour, and the installation takes around three to four hours. Along with that, with each technician, the charges increase.
The typical cost of installing a new furnace and ducting is $3,400 to $11,000, and the cost of replacing air ducts alone ranges from $1,400 to $5,600 on an average.
The Average Cost of Replacing a Furnace
- Gas furnace – $2,000 to $5,200, depending on the model and size.
- Electric furnace replacement in Edmonton – $1,900 to $5,600.
- Oil furnace – $2,500 to $6,000, depending on the model, size, and efficiency.
- Propane furnace – $2,200 to $5,700.
- Geothermal heating systems – $10,000 to $35,000.
- Coal furnace – $4,500 to $10,000.
Factors Affecting The Cost of Furnace Installation
The total cost estimate for installing a new furnace is relatively straightforward to break down into line items. You are in charge of the cost of the new furnace unit, as well as any local service charges or labour costs, as well as the disposal of your old furnace, equipment, and any applicable local permits. If your new furnace isn’t working correctly, you may need to rebuild the ducting.
- The cost of a furnace unit will account for roughly 60% of your total installation costs.
- Local labour charges are typically around 25% of total installation costs.
- New costs like removing an old furnace, purchasing additional equipment, and obtaining municipal permissions account for about 15% of your total installation costs.
- You should anticipate paying an extra $300 to $585 per duct run replaced if you also need ductwork redone.
Additional Factors to Consider Before Furnace Installation
- Energy sources to be used
- Furnace efficiency
- Furnace size
- Installation cost
- Warranty Plans
- Furnace brand
Points to Keep in Mind Before Furnace Installation
- Get multiple offers from local furnace companies. Always be wary of going with the lowest bid, as you can end up with subpar service and equipment.
- Inquire about the contractors’ equipment markup. A lower labour cost could include hidden equipment markups.
- Have a new thermostat installed by your furnace contractor. Newer technologies necessitate the use of more recent gadgets.
- Request a thorough estimate that includes the total cost of the furnace installation job, the manufacturers and model numbers of the equipment, and projected completion dates.
- To avoid purchasing an undersized or oversized gas furnace, double-check their estimations.
- Request equipment from a reputable manufacturer. Low-cost knockoffs may fail, leaving you out in the cold.