Pricing Information for Oil Furnaces
In the heart of every home lies the essential furnace, providing warmth during the coldest winter months. If your oil furnace is approaching its twilight years, it might be time for an upgrade. Here's what you need to know about replacing your old furnace with a modern, energy-efficient model.
Firstly, the best time to replace your air filters, thermostats, and other outdated home systems is during an old furnace replacement. This opportunity allows you to upgrade these components simultaneously, ensuring your home stays comfortable and energy-efficient.
The cost of a new oil furnace for a 2,000-square-foot home ranges between $6,700 and $7,685. However, if you're considering high-quality oil heaters with an AFUE rating of 90% or higher, such as those offered by companies like Breckwell, England Stove Works, and Harman, you can expect to pay between $2,000 and $4,000, depending on the model and features.
Oil furnaces typically have a lifespan of 15 to 20 years. When replacing an older furnace, it's essential to consider the cost of ductwork replacement, which can vary between $15 and $40 per linear foot, with the total cost ranging between $2,500 to $6,600.
The trend is moving towards electric furnaces due to their energy efficiency. Electric furnaces do not lose energy during conversion, making them a more cost-effective choice in the long run. However, if you decide to stick with oil, you'll be pleased to know that oil furnaces do not use natural gas as their fuel source, so you won't need to worry about carbon monoxide, fires, or explosions.
When it comes to installation, it's better to leave it to HVAC professionals. This complex task ensures your furnace will be installed correctly, operate at its highest efficiency and capacity. Hiring a professional HVAC company also offers benefits like annual HVAC maintenance and a workmanship warranty. The cost of installation can range from $250 to $645, with larger furnaces costing slightly more.
Don't forget to factor in the cost of additional components like air filters, thermostats, humidifiers, and air purification systems. A humidifier typically costs between $800 and $1,100 for the unit, plumbing, and installation, while a quality HEPA air purification system can cost between $2,000 and $4,000 for the unit and installation.
Remember, the cost of different brands of furnaces can differ by $1,000 or more, so it's always a good idea to get several quotes before settling on one. Every HVAC contractor works with different brands, so shopping around can help you find the best deal.
Lastly, the cost to replace an older system or appliance in your home may include additional costs for fixing problems or making updates. Permits and inspections for HVAC systems typically cost between $50 and $300 on average.
Upgrading your home's oil furnace is a significant investment, but the savings in energy costs and the peace of mind that comes with a modern, efficient system make it worthwhile.
