Installing a new furnace is costly no matter how you look at it. There are many factors that come into play when estimating furnace installation cost. There are also things you can do to mitigate costs, such as research. You may pay more for a new heating system up front but the furnace may defray energy costs by being more efficient than other types of heating. You may pay less for your furnace initially, but pay more for utilities because of it. It pays to consider your options and decide what will work best for your situation.
- A good example of paying less in initial costs is an electric furnace. An electric furnace is probably the least expensive option you will find, however, it is not the most efficient when it comes to energy use.
- A natural gas furnace will be a little more costly than an electric furnace but will not be quite as expensive to run during the winter. When estimating furnace installation costs, however, you should remember that a gas furnace will cost even more to install if you also have to add gas lines to your house.
- Oil furnaces are still available though they have grown largely out of fashion. When oil was less expensive, the oil furnace was widely available and a popular option as homeowners could fill up a holding tank, thus diminishing monthly expenses. With oil more expensive these days, you are most likely to see this type of furnace on older homes.
- Geothermal heat pumps are probably one of the most expensive options when estimating furnace installation cost, but they are also the most energy efficient. Depending on the size of your house and the climate you live in, the additional up front cost may be well worth the investment.
If you need to install a new furnace, or simply have questions about your current HVAC system, contact Sherlock Inc. Heating and Air. We are always happy to help.