Factors Influencing The Cost Of Replacing A Furnace

Your home's furnace is critical for keeping your home warm during the cold season. With time, your furnace gets worn out and requires professional repairs. However, there comes a time when a furnace replacement makes more sense than regular furnace repairs. If you want to buy a new furnace, here are some factors that will affect its price.

Source of Energy

Furnaces are designed to use three main types of energy sources. These are gas, oil, and electricity. Electric furnaces are the cheapest, though they attract high monthly energy bills. Gas furnaces are popular because they are inexpensive and have low energy costs. Oil furnaces are more costly compared to electric and gas-powered furnaces. Furthermore, since oil furnaces are rare, supplying them with energy is a great challenge.

Size of the Furnace Unit

When buying a furnace, you should get the size right. The right size estimate is acquired by determining your home's capacity. Many people make the mistake of buying a unit that is either bigger or smaller than their home's capacity.

If your home's square footage is large, you should buy a large furnace unit and vice versa. Prepare to pay more for a large furnace unit. Consult an HVAC professional for an accurate calculation to establish the proper furnace size for your home

Energy Efficiency

Energy efficiency is measured in AFUE (Fuel Utilization Efficiency) ratings. The higher the rating, the better the unit. For instance, a furnace with an AFUE rating of 85% is good, but one with an AFUE rating of 95% is better. However, the one with the higher rating costs more. Consequently, investing in a furnace with a high AFUE rating will save you money on energy bills. 

Features of the Furnace

A furnace can have different features depending on its brand and quality. For example, you may find a furnace with variable-speed blowers that regulate temperature depending on the weather. Some furnace units have two-stage gas valve adaption or quiet combustion. The more special features your furnace has, the more you will spend on the unit.

Cost of Installation

When calculating the cost of a new furnace, remember to consider the installation expenses. Don't attempt to install the furnace on your own to save on professional service fees. Hire a professional furnace technician.

The cost of professional installations will vary depending on the furnace's model and the installation's complexity. Some other factors that your professional will consider include the setup of your vents and the condition of your ductwork.

For more information about furnace installation, contact a local company.