If a furnace fails, the first thing that comes to mind is repair. A furnace services macomb twp company advice that when you think a malfunctioning furnace is possible with repair, never try DIY, you should call a professional so as not to aggrevate the problem. Even though it is possible and wise to repair a failed furnace, sometimes it is not feasible to repair it. This means that you will have to buy a new unit. If this is the case for you, then you should not rush to purchase a new system without knowledge. One must consider several factors including cost. In this article, you will receive all the knowledge about cost.
National Furnace Installation Cost Statistic/Research
The national average cost of replacing or installing a new furnace is $3,940; this is according to Home Advisor. The report continued to mention that most homeowners spend from $2,309 – $5,573.
Many factors affect the cost of installing a new furnace. In other words, several factors will determine the cost you will pay, which are;
1. The Type Of Furnace
Furnaces can use electricity, propane, or natural gas as the source of power. Due to advancement in technology, today some furnaces are solar-powered, geothermal, or oil. A homeowner should consider these great alternatives. However, different furnace source of power affects the total cost of the product.
Location does also affect the cost of installation. What does this mean? Well, it simply means that in some areas, the cost and installation of a furnace is expensive to others.
3. The Size
Size does play a prominent role when it comes to installing a furnace. The electric furnace is smaller compared to other types, and they are less efficient than others are. Gas furnace requires a source of natural gas, and they often require maintenance to make sure that gas and/or carbon monoxide are not leaking. The size of this system must be appropriate to the home’s size.
Furnace Installation Cost Calculator
• Furnace Cost
To purchase a non-discounted retail, 96% efficiency gas furnace heater will cost a person between $1,160.96 to $1,354.81
• Furnace Installation Labor
Basic labor to install furnace will favor site conditions. Moreover, all the installation processes will cost a person between $887.15 to $1,075.34
• Furnace Job Supplies
The cost of related material and supply (such as mounting hardware, fasteners, fittings, and others) will cost a person between $192.62 to $219.15
• Equipment Allowance
If the installation process requires any other specific equipment such as pipe cutting, brazing kit, tubing cutter, threading and others; will cost a person between $24.00 to $48.75
• Furnace Debris Disposal
If you are replacing your old furnace with a new one, then you will need to dispose the old one. Let’s not forget about waste installation materials. It will cost a person between $11.81 to $13.44