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Want to Know How Much Does a New Furnace Costs?

Buying a new furnace shouldn’t stress you when you have the right information at your fingertips. These frigid winter nights can be impossible to get through without a properly functioning furnace. So, it is important that your home has a furnace to keep your family warm. 

Why Buy a New Furnace? 

Like any piece of equipment, however, furnaces can breakdown up to a point where further repairs would cost more than buying a new furnace. When your old furnace needs replacement, you’ll have to shop around for the best prices. Also, if you’re moving into a larger apartment, you might need an extra furnace to provide sufficient heat for your family. 

Buying a new furnace can be a scary prospect. The prudent homeowner plans, shops around and gathers information to find the right furnace. Here are a few things you need to know when buying a new furnace:

Type of Furnace: Gas, Oil, or Electric

There are 3 types of furnaces: gas, oil, and electricity. The price of a furnace varies depending on its source of energy. Oil furnaces produce a lot of heat and have an average cost of $1,500. The high running costs have made them uncommon in modern houses.

Gas furnaces that use natural gas or propane gas are more common and have an average price tag of around $1,600. Homeowners prefer natural gas furnaces because they produce a lot of heat and are cheaper to run year-round compared to other types. 

Electric furnaces have a lower price tag, and you can find a good one for around $800. However, they generate high electricity bills, making them preferable to areas with mild winters.

Efficiency of Your Furnace

The BTU (British Thermal Unit) is used to determine how much energy a furnace uses in one hour. You can use this rating together with the Fuel Utilization Efficiency Rating (AFUE) to determine how much running a potential new furnace will cost to run. 

High-efficiency furnaces have up to 98% AFUE ratings. When a furnace reads 100,000 BTWU/98% AFUE, it means it will use 100,000 units of energy in an hour and use 98,000 of them into as heat for your home. High-efficiency furnaces cost more at the point of purchase but make up for it by being cheap to maintain overall. 

Installation of Your Furnace

The process of installing a furnace includes removing the old unit; cleaning the ducting system, vent pipes, and the drain; and installing the new furnace. It is a lengthy process and that is why it can cost as much as $4,000. It is, however, an important part of getting a heating system for your house, so you should make sure you get a trusted HVAC contractor to do the job for you.

At Minnesota Heating & Air Conditioning, we’ve been working since 1989 and provided HVAC assistance to over 30,000 homes in Minneapolis, St. Paul and its environment. Contact us today to get professional advice on the best furnace for your home and associated costs, as well as a free quote for installation services.