How Much Does a New Gas Furnace Cost?

Posted On: January 15, 2019

hvac technician working on a home's furnaceIf anyone has ever been in the market for a new gas furnace, I am sure you have noticed that prices can vary significantly. I am sure you are not surprised, but it is difficult to give an exact price on a new gas furnace without looking at the job in person.

This article is to serve as a guideline to explain what factors affect cost, and to provide ballpark pricing on new gas furnace installations. (Note that this article is referring to forced-air gas furnaces, not boilers.)

For gas furnace installation services near you, contact Short Pump Heating & Air online or call us at (804) 364-9040 today.

Paying for An Efficient Gas Furnace

The first thing that will impact the price of a new furnace is the efficiency (also referred to as AFUE, or annual fuel utilization efficiency). Furnaces range anywhere from a standard 80% efficiency up to 98% efficiency. AFUE refers to the percentage of heat produced by the furnace that actually enters the home. The remaining exits as exhaust through a vent pipe or chimney. The higher the furnace efficiency, the lower the cost of operation ― and the more expensive the gas furnace.

The next thing that can impact the price is the BTU of the furnace. This refers to the size or heating capacity of the furnace. The larger the home, typically the higher the BTU that is needed to heat the area. The higher the BTU, the more expensive the gas furnace.

Another major factor in the pricing of a gas furnace is the comfort/efficiency upgrades available. A variable-speed blower motor is a common upgrade in a gas furnace. This helps with overall comfort and energy efficiency. Furnaces can also have two-stage or multistage gas valves. This controls the level of gas flow into the system. It allows less gas into the furnace when less heat is required. This is another feature that helps with comfort and energy efficiency. Both of these features would add to the cost of a new gas furnace.

What You Need to Know About Gas Furnace Installation

The difficulty of the installation plays a large factor in the price of a new gas furnace. How much space is there to work in? Where in the home is the furnace? How much ductwork is needed? What type of venting is required? What other materials are needed for professional installation? This is why a site visit is typically required to provide an exact price on a new furnace.

  • A standard 80% efficient gas furnace will usually range between $2,500-$3,500 installed.
  • A high-efficiency 96% efficiency with variable-speed fan and other upgrades can be $4,500-$5,500 installed.
  • Other models can fall anywhere in between these prices.

We hope this gives you a guideline of what to look for when installing a new gas furnace and things that can impact the overall pricing.

As always, Short Pump Heating & Air is here to help with all of your gas furnace needs. We repair all models of gas furnaces and provide free estimates on gas furnace replacements. Call us at (804) 364-9040 or contact us online today to get your new gas furnace.

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