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How Much Does It Cost To Replace a Home Heating System 12/13/2017

Winters are here and you might require the replacement of the home heating system. Machines need service and part replacement in periodic and timely manner if you want to make them function properly and with least of energy consumption. The expenditure could be large but there are respites. For instance, a contractor may offer you long-term or EMI payment plans so that you can pay for the machine overhaul or purchase in smaller and multiple amounts over a period of time. Some parts/utility and machine providers also offer compensation for the used units and their parts when you purchase a new machine/part. In this case, the net cost reduces and the purchase becomes affordable.

Equipment cost

The gas or electric furnaces that make up the heart of heating machine come in varied forms. The lower priced models consume more energy and hence the energy bills are higher over a period of time. The higher priced models cost more but you can save more over a long haul due to lesser energy bills. Hence it is good to invest one time in a higher priced model. The low-end gas furnaces start at around $1350 and the high-end models cost somewhere around $12,000 to $13,000. The high-end electric furnace costs $1700 or more and the lower end version costs around $400. Gas furnaces cost more but use more economical fuel and hence save tons over a period of time.

Installation cost

The heating unit’s capacity is measured in BTUs or British Thermal Units, which depends on the size of the room, home or area to be heated. Larger sized rooms require a heating machine of higher BTU capacity and vice versa. Obviously, a large-sized and higher BTU capacity machine costs more. If the machine is installed in your home already, it might require a service or part change. It may also require a replacement if the heat generated is less. The whole replacement cost will be the installation cost. Around 5 hours are required for installation of a small furnace, and a few more hours to install large one. The installation cost of the furnace may vary from $50 to $150 if you want to install HVAC or Heating, Ventilation and Cooling unit, expect to spend several thousand dollars.

Hiring the contractor

You need to get bids for the heating system installation and replacement work from around 5 to 10 contractors. You will have to contact each of them individually. The Contractor Licensing Board of the state will provide you details of the complaints leveled against the contractors, which will help you choose a right contractor. The contractor should also be licensed to offer the product and services. Also, choose the right model with adequate energy ratings so that you save on your electricity bills.

We hope that these tips will help you easily find out the best contractor. Enjoy the winters with the best heating machine available.