A properly sized and efficiently operating furnace is an important element to keeping heating costs down. If you have an old or inefficient heating system, you may have been considering upgrading to something better.
When determining how much you need to spend, the cost of the furnace itself is a significant consideration, but there are other things that need to be considered as well, such as:

  • What sort of climate do you live in?
  • What sort of heating source will you be using?
  • What other installation items that are not part of the new heating system might cost you money?

These are all important things to know so you can get a solid idea of how much a new furnace will cost you.

System Type

The “system type” in regards to heating can mean a variety of things depending on how it used. In this case, we mean the method of supplying heat. There are three main system types you will want to consider: natural gas, electric, and heat pump (also called a heat sink).

Natural Gas

This is the most common type of furnace in the United States. This type of heat source is generally the most economical, especially if the temperatures drop below freezing. Just like any appliance or system in your home, the cost, including installation, will be based on quality – both of the system itself and of the installation process.


Electric furnaces are exactly what they sound like: powered by electricity. This type of heating unit will generally have an initially lower price tag than that of a natural gas unit. This is balanced by the cost of operating the system, though, which is generally going to be higher in cost than natural gas.

Heat Pump

The third type of heating system you may want to consider is a heat pump. Unlike the other two systems, a heat pump provides both heating and cooling from one system. This type of heating system works by transferring heat from one location to another by pulling the heat from the surrounding ground or air. Because of this, though, a heat pump is not necessarily the best choice for areas that regularly drop below freezing temperatures.

Closeup of family feet in wool socks at fireplace

Which System is Right for You?

No matter which type of furnace you choose, you should plan on spending at least $1,000 on the purchase and installation of your new heating system.

The type and quality of the system will increase the amount you spend installing the system, but can drastically decrease the amount of money you spend heating your home on regular basis.

If you are considering a new furnace, or already know you need one, the best option is to speak with the experts at Howard Air right away. Howard Air guarantees superior quality and a superior product, in any project that we do, and we want your home to be as energy efficient as possible. Don’t wait until your system is not operating when you need it, give us a call and find out how we can help you today.