No matter what type of heating system you have, if it is getting old and not functioning properly, it will need to be replaced. Unfortunately, it can be expensive to replace your old heating system with a newer model. Having a new furnace installed in your home can cost you from $2,000 up to $10,000. The actual costs will depend on the type of heating system you purchase, the materials and equipment needed, and the cost of labor.
Factors Involved with The Cost of Replacing Old Heating System:
Heat Pump or Furnace
Many homeowners have furnaces that are powered by natural gas. The price of a furnace that uses natural gas will depend on the size you buy and the efficiency level of the product. If your heating system is electrical, it is operated by a heat pump and air handler. Many of these systems are used for both heating and cooling your home.
The efficiency of the heating system is another factor that plays into the cost of the system. The higher the AFUE (annual fuel unit efficiency) of the system is, the more the unit will cost.
Size of Furnace
The size of a furnace is measured by the number of BTUs the unit puts out. For maximum efficiency, the size of the unit will need to match closely to the square footage of the home needing to be heated. If the system is too large for your home, the unit will turn on and off too often and cause excess wear and tear to the system. If it is too small, the unit will need to run constantly to keep your home warm.
Cost of Installation
With a two-man crew, most furnace installations will be completed in a single visit. This will not include the cost and time associated with making repairs to your ductwork if needed. If your system is in a location that is hard to work in or too small, the time to install could be longer, and the cost to install may be higher.
Brand of Furnace
As with any type of product you buy, certain brands are more expensive than others. A reputable HVAC company in Buckingham, PA will work with you to determine the best heating system for your home. It should be noted that the cost of a unit is not always an indicator of how well the system will work. Some lesser-known brands can work just as efficiently as more expensive, well-known brands. The key is to find the best unit for your budget and the size of the home.