If it’s time to buy a new furnace, you’re likely concerned about the expense. There are several factors that determine how much your furnace will cost, like the type of furnace you choose, labor costs, and any special features that you opt for. We go over these below, plus give tips on how to reduce your furnace installation cost and get reliable heating help when you need it most.
What Factors Affect the Price of a Furnace?
There are several things that determine how much you will pay for your equipment and its installation, including:
The Type of Furnace
The type of furnace you choose is arguably one of the biggest influencers on the cost of your installation. Furnaces with higher efficiency ratings can be more expensive upfront, but they also save you money on the back end with lower monthly heating bills. Gas-burning furnaces are affordable and widely available, while electric and oil furnaces may be more expensive and less effective.
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Types of Furnaces
Furnace Brand
Name-brand furnaces tend to be more expensive to purchase than equipment from more obscure or less-advertised brands. However, these brands are also associated with higher quality, greater longevity, and better energy-efficiency, all of which provide value over time.
Labor Costs
Another factor to consider when calculating furnace installation cost is how much time it will take and how much your HVAC company charges per hour for labor. Be wary of rock-bottom prices when asking what the cost of labor will be for your project, since this likely means there is less training and support for the employees who are doing the work.
Special Features
Today’s furnaces use advanced technology and offer several convenient features that make heating your home or workplace easier and more affordable than ever.
While these features do add some upfront expense to your installation, they can help trim your energy costs down the line by optimizing your heating schedule, adjusting airflow based on demand, and using less fuel to produce consistent warmth.
Permits and Inspection Fees
Massachusetts often requires furnace installation or replacement projects to have certain permits, especially if electrical work will be involved.
This helps municipalities like Cape Cod to make sure that each installation meets industry standards for safety and accuracy. The cost of getting a permit varies depending on the complexity of your project and the steps involved.
Additional Expenses to Consider
Other expenses to consider when estimating the overall cost of furnace installation for your home or business include:
The Ongoing Cost of Fuel
The cost of natural gas and propane varies based on season and market conditions. This can lead to unexpected changes in your heating bills. When choosing your furnace, purchasing a model with a higher AFUE rating will help keep your fuel expenses low without compromising your comfort. If you purchase a cheaper, less efficient furnace now, you should budget for higher fuel costs later on.
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Understanding Furnace AFUE Ratings
Maintenance and Upkeep
It’s also key to factor in the cost of annual furnace maintenance and upkeep. You don’t want to skip your yearly tune-ups because you can’t afford them — eventually, this will catch up to you and cause your system to falter. Make sure you’re accounting for filter replacements, professional service checks, and other minor but necessary costs that will come up every year.
How to Save Money on Your Furnace Installation
Want to save money on your furnace installation? Here are three simple tips:
Get Multiple Quotes
Getting multiple quotes from different HVAC professionals can help you compare prices and better understand the services you’re getting. Don’t forget to ask each company you contact about permits, warranties, and maintenance agreements to make sure you’re comparing apples to apples.
Look for Deals
It’s also a good idea to keep an eye out for sales and promotions offered by reputable professionals in your area. Seasonal offers can help you save money on your furnace installation and lower your ongoing maintenance costs. Plus, government rebates and tax incentives may be available for high-efficiency models.
Explore Financing Options
When the upfront cost of a new furnace is higher than what you have set aside, you don’t have to go without heat until you can save up enough money. Look for a provider that offers affordable financing options to cut down on the initial expense of installation and make it easier for you to get started.
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Schedule Your Furnace Installation Quote with Cape Cod Heat Pumps Today
Need reliable heating service on Cape Cod? Call 508-833-4822 to get a furnace installation quote today or contact us online.