A failing furnace is not enjoyable to say the least. It is certainly possible to repair the furnace, but at one point you are going to need to replace it entirely. Yet, what is needed to be considered before diving in and making the new purchase? Let’s take a look at a few factors to keep in mind before signing up.
Getting The Right Option
It is always important to make sure you are getting the ‘right’ furnace. Most furnaces are going to last a decade or two. You are going to have quite a few new choices to consider. Natural gas options are the most common and can cost from $2,500 all the way to $14,000. There are a few residences that still use oil furnaces, but those are quite rare and inefficient as well. These are going to come in around $2,000 to $8,000. It might also require additional costs to set up.
Electric heat options are becoming common as well. These are going to cost only $1,000 to $2,000 but is not recommended because the energy costs are through the roof and you are going to pay for it through your bills. The newest option on the market at this point in time would be the heat pump, which is set up through the ground using refrigerant coils. This is going to cost anywhere from $1,500 to $7,000 depending on the choice you go with. The ground options will cost more coming in at $7,000 to $25,000. Most of these furnaces are also used as AC units because of how they work.
Efficiency Does Matter
You have to make sure you are looking at efficiency ratings as well.
It all begins with ‘Heat Output’ as you want something that is going to at least churn out 60,000 BTUs. Does this mean a higher rating is what you should be going for? No, too much power is unnecessary and a waste for certain residences.
You have to check how much heat being produced is wasted. Older options are seen wasting over 20% of all heat being produced. This is significant. It raises the bills property owners pay. However, newer options provide percentages going into the mid-90s. This is going to make a substantial difference in the long-run when it comes to your utility bills.
You also have to remember, it is key to sit down and take a look at how it is going to be staged. This means, how does their power setup work. Older options would only have a full or nothing option. Meaning they either are working at full tilt or do nothing at all. The newer options have multiple stages, which means they are going to work at an eco-friendly setting of around 65% of the full power or you can go full tilt as well. The most expensive options have three different stages for one to select from.
Labor Costs Will Play A Role
You have to factor in the labor costs as they will play a role too. Each company is going to be different when it comes to installation. Some will have fixed rates while others go based upon an hourly rate. Most come in at $75 per hour. If the installation takes a long time, this is going to add up in a hurry. Installation costs will definitely be through the roof if there is duct work required to get the furnace in place. This does happen a lot in situations where oil furnaces are being put in.
Warranties have to be considered when it comes to installations. All furnaces are going to come with a manufacturer’s warranty and this is going to ensure the fan itself is protected for a certain period of time. Another warranty option is going to come in the form of the contractor’s warranty where they are going to be covering labor and any work that falls under their watch for a few years. Extended warranties can often be purchased.
It is essential to make sure you are getting all of these contracts in writing as that will ensure everyone is on the same page and there is legal standing for the deal. Furnaces are not all going to come at the same price, but numerous hurdles can be avoided with a bit of knowledge.