When you have a home, you have to keep it running as efficiently as possible. Whether it’s a home for you, you’re a home builder or you need to replace the furnace for your business, furnace sales and replacement is pretty serious business. Beyond the shock of wondering if you really need a new furnace the first question you may be asking yourself is, “how much does a new furnace cost?” That’s an excellent question and one which deserves further scrutiny.
Furnace Facts: Before we get into costs there are a few things that individuals unfamiliar with furnace functions need to know.
- Furnaces make heat through combustion in the furnaces burner
- Produced heat passes through an exchanger; air from air ducts is blown through thus warming it
- Furnaces blow warmed air to ductwork which sends air through the home
Some think that your home’s furnace only works to keep the air in your home warm. But a good furnace actually plays a critical role in the successful operation of your home air conditioning system. This is why you hear the term HVAC being used; heating, ventilation, and air conditioning are very closely related.
Furnace Benefits: When you have a furnace that is working as it should, your home remains comfortably heated. If you have ever had your furnace on the fritz you understand the frustration. One thing furnaces do well is obviously they warm the air when your home or business needs it. However depending on the type of furnace you have you are going to be benefiting from the furnace’s level of fuel efficiency. It’s actually called the Annual Fuel Utilization Efficiency or AFUE. Current models have a 80% AFUE minimum. 80% means that for every dollar you spend in heating your space, .80 is dictated to the generation of warmth. Older model furnaces have a 60% AFUE or lower. That may be one reason you are looking into getting a new furnace; your older one is working harder and harder to spit out less warm air. Current models have a 95% AFUE or better; that could be a definite component in deciding about which of the new furnaces you’re going to be getting.
Furnace Costs: So how much does a new furnace cost? Well some of these numbers may surprise you. On the lower end for a newer furnace you could be looking at somewhere around $2500. Higher end furnaces with better efficiency and features may cost you as much as $10,000. However you need to take into account just how your space is going to be heated, how often you would use it, and how long you plan to stay where you are. On a long enough time line the question “how much does a new furnace cost” becomes moot. You are where you are and you’re staying put. But even if you plan to sell and move in the future, buyers may ask about the new furnace and their realtor has to give them the full disclosure; investing in a good furnace can add significant value to your home.
You should always be thinking about your home and even when you are enjoying the warmth of the summer air, you know all too well that winter is close at hand. Replace your furnace and add value to your home or business. Call us now for a free estimate to see how much you can save!