If you’d rather not suffer through another winter without adequate heating, then purchasing a new heating unit could do you some good. There are a variety of heating systems to choose from in several different price ranges to fit your budget. Here are the three main types and their average costs.
The cost of a furnace depends on the type, brand and model. A gas floor furnace costs between $900 and $1,500, while a vented gas wall furnace that only covers the surrounding space costs $500-$1,500.
On the other hand, a high-efficiency furnace can cost between $2,500 and $6,000 if the ductwork is already in place, and a typical oil furnace costs between $2,000 and $5,000. Installation for any furnace can cost as little as $1,000 or as much as $10,000, depending on the complexity and size of the job. Contact an HVAC specialist for more pricing information.
Central Forced Air Heating
The cost of a central forced air heating system depends in large part on the type (gas, propane, heating fuel oil, electric), and the complexity of the installation process. A complete gas forced-air central heating system with new ductwork, for instance, can cost between $10,000 and $14,000, and as much as $500-$1,500 extra for a high-efficiency system.
Geothermal Heat Pump
If you’d rather go the more eco-friendly route, you can opt for a geothermal heat pump that transfers heat from the earth to your home (or vice versa for cooling benefits). The cost of the pump itself is $3,500-$7,500, but the excavation and installation costs could tack on an additional $10,000-$25,000.
You can find more information on the heating system of your choice by finding a pre-screened professional in your area here.
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