One of the best ways to save money on your winter heating bill is to replace your current furnace with a modern gas furnace. Natural gas is well known to be much more energy efficient than electrical heater systems. Moreover, furnaces have become a lot more efficient the last few decades. This can mean a much lower bill next winter. There are several things you should consider when looking at gas furnace prices – click here for more cost comparisons.
The most important thing for you to consider is to get a furnace sized right for your home. A furnace that is too small will not heat your home well in the winter, while one that is too big will waste energy turning on and off frequently. You also need to consider efficiency. The most efficient brands will cost you more money up front; however, you can quickly recoup those costs is lower monthly heating bills.
Given that prices will vary considerably based on efficiency and extra features, to get an apples to apples standard comparison amongst the various manufacturers you need to chose a set of equivalent specifications to look at. For the purposes of this article, a 90% annual fuel-utilization-efficiency (AFUE) rating, 80,000 BTUs of heat, and a 3 ton blower are compared when done in a conventional first floor installation. Included is both the price of the furnace and the average installation costs across a variety of contractors.
Of the major brands Payne furnaces are the cheapest both in the cost of the furnace alone ($680) as well as total installation costs ($1,820). A Goodman furnace is the next cheapest, costing $695 for the furnace with a total installation cost of $1,860. At the other end of the spectrum, American Standard is the most expensive in both measures at $1,350 for the furnace and $3,620 including the price of the installation. A Trane is the next most expensive at $1,275 for the furnace and $3,560 including installation on average. In the middle is the popular Carrier furnace which costs $1,164 for the furnace alone and $2,360 for a full install.
When you decide on which gas furnace best suits your budget, be sure to get several bids from different HVAC contractors. You want to be putting most of your money towards the furnace and less towards paying excessive contractor markups. Just be sure to get any bids in writing and make sure that everything is understood upfront so they do not jack up fees from “change orders,” a common trick by contractors who submit artificially low bids. By taking into account the total gas furnace installation price you can get the most efficient furnace for your family’s buck.