How Much Does It Cost to Replace a Furnace?

If your furnace is broken or you are building a home, you are probably asking yourself how much does it cost to replace a furnace? Or, in the case of the latter, to install a furnace? Getting the right heating solution for your home is vital to your comfort. You don’t want to go cheap because the furnace may not be able to provide your home with adequate coverage, and you also want a unit that operates with cost-efficiency. So how much should you be spending?

Average Cost of a Furnace Replacement

The cost ranges widely, anywhere from $2,000 on the low side to $10,000 on the high side, but the type of furnace you install matters greatly to this question. If you are buying a gas furnace (do you have gas lines running to your home?), then you’re probably looking at about a $4,000 to $10,000 investment. Expensive, but the good news is gas units operate with better efficiency than their electric counterparts. Electric furnaces range from $2,000 to $7,000, but conversely, your utility bill won’t be as friendly.

If you are wondering about the labor cost, it depends on your configuration because some installations are more labor-intensive than others. Labor can account for anywhere from 10% to 25% of the cost of replacement.

Why Is There So Much Cost Variance?

furnace replacement cost decisions for homeowners

Well, because there are so many different options to consider. We already mentioned gas vs. electric furnaces, but on top of that, the output will be a factor. What size furnace do you need? And another consideration is whether or not you want a single-stage or two-stage furnace? Brand factors as well.

Consult a Professional for a Quote

We can only give you ballpark figures. If you want an accurate estimate, we recommend that you consult an HVAC tech in your area. It’s rare that anyone would charge for a quote, so what do you have to lose by requesting one? Good luck with your project!

Furnace Parts at PlumbersStock

Now that you know how much it costs to replace a furnace, you might be thinking it's worth fixing over replacing. Good thing we have the best pricing on furnace parts, including furnace ignitors, blowers, blower wheels, etc. Did you know that you can find member pricing here on certain items (typically name brand, MAP priced items) if you log in? For industry professionals buying in bulk, please consider contacting us directly for extra special pricing and extra savings.