Is your current furnace at the end of its lifespan? Do you want to know the cost savings of upgrading to a high-efficiency furnace or converting from oil or electric to a gas furnace? Having the right furnace in your home can make a world of difference. Not every furnace is right for each home, and you want to make sure you get the right furnace to suit your house, budget, and needs. To help you make the right choice, Advanced HVAC has put together this handy furnace prices guide to give you a better sense of the average cost and annual savings associated with purchasing a new furnace.
High-Efficiency Furnace Prices
High efficiency furnaces use less energy to heat your home to the desired temperature. This has two big benefits for you as a homeowner. One, an efficient system has to work less hard to reach the right temperature, which means less wear and tear on the system over the years. This means fewer breakdowns and visits from HVAC specialists to repair your system. Two, saving energy means saving money on your utility bills month after month. If you are concerned about your monthly hydro bills and believe it is important to reduce your energy consumption and environmental footprint, a high-efficiency furnace could be right for you.
Average Cost: $3,000 to $5,500
Annual savings on electricity and gas: $200 to $400
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High-Efficiency Furnace with Air Conditioner Prices
Many of our clients opt for a high-efficiency furnace with an air conditioner. These systems are ideal for those who are concerned about their energy bills and reducing their environmental footprint, while also opting for a convenient solution which combines heating and cooling. When installed together these units are not only efficient, but also practical. High efficiency furnaces with air conditioners use central air ductwork already in place for your forced-air furnace to cool your home throughout the summer months. It’s a cost-efficient way to get the best of both worlds, rather than using expensive and inefficient window air conditioners. If efficiency and convenience is key for you, a high-efficiency furnace with air conditioner might be the right choice.
Average Cost: $6,000 to $10,000
Annual savings on electricity and gas: $300 to $500
No Interest & No Payments for 6 Months
ON FURNACE INSTALLATIONS
Converting from Oil Furnace to Gas Furnace Prices
Did you know you can convert your oil furnace to a gas furnace? If you already have an oil furnace installed in your home, you can save a lot of money by switching over to gas. Gas is a much more efficient and less expensive fuel source than oil. The pros at Advanced HVAC can convert your furnace from oil to gas, ensuring it is more efficient, cheaper to run, and more environmentally-friendly. The annual fuel cost savings will cover the cost of converting your furnace in just five years, so converting is a no-brainer.
Average Cost: $5,000 to $7,000
Annual savings on electricity and gas: $1,000 to $1,500
BONUS: Insurance companies often charge extra for homes with an oil furnace. Talk to your insurance provider to have your premium adjusted. This is an additional cost savings that you will enjoy as a result of converting to gas.
Converting from Electric Baseboard to Gas Furnace Prices
One of the least efficient ways of heating a home is an electric baseboard. If you have electric baseboard heating, you know it’s very expensive, inefficient, and simply not suited to Canada’s chilly climate. On top of being inefficient, electric baseboard heaters are also inconsistent, making it hard to maintain a comfortable temperature. And if that’s enough, electric baseboard heaters also require regular cleaning in order to keep functioning properly. The maintenance is considerably more than with a gas furnace. If your home is running on electric baseboard heating, we strongly recommend switching over to a gas furnace. It may take about ten years to return the cost of converting, but it’s worth it – additional incentives and rebates can also help!
Average Cost: $10,000 to $16,000
Annual savings on electricity: $1,500 to $2,500
NO INTEREST & NO PAYMENTS FOR 6 MONTHS
ON FURNACE INSTALLATIONS
High-Efficiency Heat Pump System Prices
Another option for heating your home efficiently is a high-efficiency heat pump. A heat pump moves heat from one location to another, cooling your home in the summer and heating it in the winter months. Whether or not a heat pump is a good choice for your home depends on your specific circumstances. Though a single heat pump is not an adequate heating source for the harsh Canadian climate, they can offer considerable cost savings when added to another heating source. You will need to compare the lower cost of operation with the amortized cost of installing it to see if a high efficiency heat pump is the right choice for you.
Average Cost: $14,000 to $16,000
Annual savings on electricity: $1,500 to $2,500
Get Your New Furnace Installed By Trusted Professionals
No matter which furnace you choose, you want to make sure that you are getting it installed by a trusted and reliable HVAC contractor. Even the right furnace – if installed incorrectly – can cause a number of serious problems for you, your HVAC system, and your home.To learn more about Ottawa furnace prices or to get more information on the latest high-efficiency systems, call Advanced HVAC today or request a free quote online. With an upgraded system, you get to put money back in your pocket right away with rebates and incentives and enjoy long-term cost savings. Best of all, you get to enjoy total home comfort.
