Replacing a furnace is a major expense and can cost several thousand dollars. The exact amount will vary depending on the size of the unit, type of fuel used, installation costs, and other factors. It is important to consider all these elements when budgeting for replacing your furnace.
When choosing a new furnace, it is recommended that you take into account both the efficiency rating as well as the overall cost. While more efficient units have higher upfront costs, they can also result in significant energy savings over time. An energy-efficient furnace may also be eligible for tax credits or rebates which could further reduce the overall replacement cost.
The installation of a new furnace should always be done by an experienced contractor who is familiar with the local building codes. Installation costs can vary greatly, so be sure to get multiple estimates before making a final decision. As with any major home improvement project, make sure to do your research and choose a reliable contractor who is experienced in furnace installation.