Cost Factors to Consider When Purchasing a New Furnace

Posted by AirZone HVAC Services inc. on July 27th, 2021

No matter how carefully you maintain the furnace, it will eventually start showcasing problems a few years down the line. 

Yes, you can definitely stretch the furnace's lifespan, but that is only for three to four years maximum. Besides, by using the worn-out furnace, you will only increase the energy bills and face a myriad of other problems. 

So, it is best to opt for a new furnace instead. But, before you spend the money, make sure to consider some cost factors, too. 

In this blog, we will take a look at those cost factors; but, first, let's understand - 

How much does a furnace cost?

A new furnace costs anywhere between 00 to 00, based on the model you prefer. 

Likewise, installing a mid-efficiency furnace that typically has annual fuel utilization efficiency (AFUE) rating of 80% to 89% can cost between 00 and 00. In comparison, the high-efficiency furnace with AFUE of 90% to 97% can cost 00 to 00. 

Again, these are average estimations. 

Cost factors to consider

Besides the furnace's cost and installation cost, you need to think about factors like:

1- Energy source: Furnaces can work on oil, natural gas or electricity. So, inspect the cost of all the sources to determine how much you will end up paying to run the furnace. 

Regardless of which source you choose, ensure to determine the annual maintenance charges of each, too. 

2- Efficiency: If your old furnace costs you extra energy bills, then opting for a mid-efficiency is best to lower the energy bills and save a few dollars. This is because, unlike higher-efficiency furnaces, the mid-efficiency furnace does not cost a lot to repair as they don't have complex parts. 

3- Size: When choosing the size of the furnace, always ensure to pick the one that aligns with your home's square footage, construction and landscaping. 

This is because a large furnace can result in short-cycling, and a smaller one won't heat your house as needed.  

4- Warranty plans: Almost every new furnace comes with a manufacturer's warranty that can last for ten years. However, you will require following the maintenance guidelines to keep the warranty valid. Some may even request you to register the furnace so you can claim the warranty down the line. 

The installer's warranty may be of a year or so. Ensure you get that in writing from them. 

5- Ongoing costs: Besides annual maintenance, your furnace's air filters may need changing every few months, too. 

So, take care of the same to save money on overall operating charges. 

Wrapping up

Purchasing a new furnace is a necessity, but understanding how the New Furnace's Cost in Ottawa impacts your expenses is important, too. 

So, consider the tips mentioned above so that you don't end up blowing your wallet and savings. 

Robert Morgan is the author of this article. For more details about Radiant Heating in Ottawa please visit our website: airzonehvac.ca