Gas Furnaces: A Financial Guide

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Whether you currently have a gas furnace or you are thinking about investing in one for the first time, understanding the money you’re going to have to spend to have one installed is crucial. All home improvements have a cost and financial planning before you dive into a project can save you a lot of problems in the long run. As you read this helpful guide, you will learn more about the expenses associated with the purchase and installation of various gas furnace brands. 

What is the average price of a new gas furnace?

On average, new gas furnace units cost somewhere from $650 to $1,300. Natural gas units cost significantly more, running from $2,000 to $4,000. The cost of a gas furnace of any kind depends largely on the brand you select. Next, you’ll find a list of popular brand names and their general pricing. 

Amana – $900 for unit/$2,285 installed

American Standard – $1,380 for unit/$3,800 installed 

Bryant – $975 for unit/$2,500 installed

Carrier – $1,260 for unit/$3,080 installed

Coleman – $730 for unit/$2,210 installed

Heil – $820 for unit/$2,420 installed

Lennox – $1,450 for unit/$3,890 installed

Rheem – $1,180 for unit/$2,890 installed

Trane – $1,255 for unit/$3,185 installed

York – $790 for unit/$2,100 installed

As you can see, gas furnace prices vary rather dramatically by brand. Once you figure out the specific model you are going to purchase, you’ll be able to get a better idea of how much it will ultimately cost you.

Should I spend more for energy efficiency?

While it is easy to be tempted to purchase the least expensive gas furnace on the market, this may not be the best choice over time. Energy-efficient furnaces typically cost a bit more upfront, but ultimately save homeowners significant amounts of money on their energy bills. The typical gas furnace functions properly for about 20 years. That’s two decades of utility savings! The best thing you can do is spend time researching all of the options available to you. This is especially true if it’s been a while since you bought a furnace. The styles are sure to have changed dramatically in even five or ten years. 

What about installation? 

As you learned in the chart above, installation costs can greatly increase the overall price of a new gas furnace. Before you select the first installation option you come across, it is wise to look into multiple options. No matter where you reside in North Carolina or South Carolina, there are sure to be a number of installers available to you. Read reviews and get quotes before you make your final decision. 

If you have questions about home improvement in general, or if you’re thinking about getting a new furnace as part of a larger remodeling project, we hope you won’t hesitate to get in touch with the team at Hatch Homes. We specialize in exterior jobs, including siding installation and window replacements. Our skilled crew is always excited to help Carolina families craft their dream homes!

More than just a contractor.

Hatch is your partner for exterior remodeling.