Don’t wait until you’re stuck scrambling to buy a new furnace and trying to do the research to see which one to get! It’s better to be Pro-Active and know your budget for your new furnace.
So how much will replacing your furnace cost you when all is said and done? In the Denver area, a furnace installation costs anywhere from $2,100 to $8000. We Know, That’s probably no help! But it’s tough to give an accurate price with inspecting your home and seeing your heating needs.
Here are 4 guidelines for estimating your furnace installation cost:
1. The higher the Efficiency the higher the cost
More efficient means lower monthly heating costs and paybacks can come in about 4 years. The very minimum, you can get these day is an 80% AFUE furnace. But we suggest going even higher. Why? Right now Utility Companies have great rebate programs going on, as well as manufactures cash-back programs.
2. The bigger the furnace, the better it heats your home
Bigger NOT better. You don’t get to pick the size furnace you want. Instead, our professional needs to perform a load calculation that will determine the size furnace you need. A load calculation (Manual J) will tell you how quickly hot air escapes from/cold air enters your home. And this will tell you the correct size furnace you need. Without a load calculation, you’ll end up with a Oversized or undersized furnace. Oversized, means you’ll pay more for a unit that will “short-cycle” (turns on then off quickly) which increases energy bills and decreases the furnaces lifespan and be more noisier. Undersized furnace, means the furnace will run longer than it should. And this results in high energy bills and frequent repairs. The other confusing part is don’t assume that you’re fine replacing your current furnace with one that’s the same size as you old one. We find most furnaces in the Metro Denver homes are sized incorrectly from the very beginning.
3. Comfort features have higher costs
Not all furnaces are the same. Some will have these advanced “comfort features”, like:
The Variable-Speed Blower Motor technology helps with your comfort and energy bills. This feature ensures your home receives better air flow required to keep you comfortable and variable-speed motor consume much less electricity than standard furnace motors. Continuous fan operation is highly recommended for its many benefits including constant filtration, more efficient furnace and A/C operation and mixing air within the home during off cycles to promote more even temperatures room to room and floor to floor.
Modulating furnaces feature two important benefits – variable-speed blowers and modulating gas valves. These components each have the ability to adjust their operation incrementally. The benefits of these combinations help fine-tuned temperature control paired with a minimal use of electricity and gas. Modulating furnaces are among the most energy efficient units on the market today (98% AFUE). This gives you the benefit of lower operating costs and are also less noisy. Because of the way it operates, a modulating furnace provides greater comfort with steady even heat, which means you’ll enjoy fewer comfort issues like hot and cold spots or inconsistent temperatures.
Smart/programmable thermostats are a great option to upgrade when they replace your furnace. These thermostats allow you to set heating schedules to lower your monthly bills and can even allow you to adjust your home’s temperature remotely.
4. Difficulties in Installation can raise the price
Some examples of “difficult” furnace replacements could include: Homes that have ductwork issues, such as leaky ducts. Furnaces that are installed in hard-to-reach areas like the attic or crawlspace. Also Code issues that may need attention.
If you want to know exactly how much it will cost to replace your current furnace, just contact us at 303-922-6289. We’ll send over our consultant to perform a detailed inspection and give you an estimate—all for FREE.