Key Factors in Furnace Replacement Price

If your furnace seems to be struggling this winter, you might be considering replacement before cold weather returns at the end of 2017. With nearly a year to plan, you can compare models, make informed purchase decisions and get your furnace installed well in advance of those first chilly winds.

Before you begin the replacement process, it's helpful to understand some of the major factors that affect the price of a new furnace. Even if you find a great deal, furnace replacement is a major purchase, so keep these variables in mind as you start your search.

Choose Your Features

Even the most basic furnace can effectively heat your home. But advanced features can make a furnace more convenient and cost-effective.

One of the most popular furnace features is a variable speed blower, which allows different fan speeds to help you save during milder weather. The slower speeds also make it cost-effective to run the fan when the furnace isn't running if you want better indoor air circulation.

Another common feature is a two-stage or modulating gas valve, which can help you save over the life of a furnace. Compared to a single-stage gas valve, which only allows a furnace to turn on at full power, two-stage and modulating valves allow furnaces to operate at partial power when possible to save energy and money.

Pick the Right Size

Properly sizing a furnace to a home requires a complex formula, and it's important to trust a trained HVAC technician to apply it. Factors involved in this calculation include the size of the home, the available electrical supply and energy-efficient features like double-paned windows and insulation.

In general, the larger a furnace is, the more expensive it is. But without the proper calculations, you can purchase the wrong size, unnecessarily increasing upfront costs, as well as ongoing operating costs.

Maximizing Efficiency

While furnace sizing calculations can be difficult, there's less of a need to crunch numbers around furnace efficiency. As a general rule, more energy-efficient furnaces may have a higher purchase price than less efficient models, but they cost less to operate over the long run. It's almost always preferable to pay for the high-efficiency model and reap savings over the coming years. It's better for the environment, too!

There are other variables involved, but these factors are among the most significant affecting the overall price. If you're ready to explore the cost, features and performance of new furnaces in greater detail, reach out to your local HVAC experts today.