How Much Will A New Furnace Save Me? Helpful Guide

Table of Contents

Factors To Consider Before Purchasing A New Furnace.

How Much Will A New Furnace Save Me

To make an informed decision when purchasing a new furnace, you need to consider several factors. One of the critical factors is the size of the furnace based on the space available in your home. Next, you should identify the type of furnace that works best for you (gas, oil, or electric). The brand and model of the furnace are also important considerations.

 Additionally, you’ll want to evaluate the upfront costs and potential long-term savings and consider the lifespan of the furnace.

The size of the furnace needed is based on the space in the home.

The size of the furnace for your home is essential. The right size will keep your home warm and energy efficient. To determine the size, look at factors like square footage, location, and climate.

See a table as an example:

Square FootageFurnace Size Needed (BTUs)
1,000 – 1,50035,000 – 60,000
1,500 – 2,00060,000 – 80,000
2,000 – 2,50080,000 – 100,000
Above 2,500Above 100,000 BTUs may be required.

Remember, these are just general estimates. Ceiling height, insulation levels, and more may affect heating needs. Plus, location and climate can impact furnace size. For instance, a home in Alaska needs more power than one in Florida. A trained HVAC technician can help figure out the exact heating load calculation to get the right size.

Deciding between gas, oil, or electric furnaces can be expensive. Hopefully, you’ll never need to use it.

Type of furnace (gas, oil, or electric).

Shopping for a furnace? Consider the type of fuel source. Gas, oil, and electric furnaces each have their perks and drawbacks.

 Check out the table below for details!

Type of FurnacePerksDrawbacks
GasCheaper fuel source, heats quickly, good for colder climates.Requires a gas line, potential gas leaks, or carbon monoxide risks.
OilGood for areas without gas lines, burns hotter than gas.A more expensive fuel source requires an oil tank and potential oil leaks.
ElectricEasy installation, a safer option without combustion, and no need for venting.More expensive to operate, and may not be as powerful.

Also, take into account the size of your home and its insulation. A professional HVAC technician can help you figure out the right size furnace for your space.

Don’t let the fear of missing out on savings prevent you from making an informed decision. Take your time. Research your options and consult with experts. Then, find the perfect furnace that’ll keep you warm and cozy for years to come. 

Oh, and don’t forget; it’s not just about heating your home, it’s about heating your love life too!

Brand and model of the furnace.

It’s important to take certain things into account when purchasing a furnace. Efficiency, size, features, and brand reputation are key points to keep in mind.

  • Look for a furnace with good efficiency ratings to save on energy bills.
  • Make sure it’s the right size for your home; an oversized or undersized unit can cause issues.
  • Check out features such as programmable thermostats, air purifiers, and zoning systems that can improve comfort and indoor air quality.
  • Select brands with good reputations, reliable warranties, and excellent customer service.

Remember that each brand and model has unique features. Compare similar models and research what features they offer before making your final decision.

Rheem Manufacturing Company has been producing furnaces since 1950. They focus on innovation and have patented several technologies, including EcoNet, which enables homeowners to control their heating systems using their phones.

Don’t be afraid of the upfront cost of a new furnace; think of all the money you’ll save on heating bills!

 Unless you like having a sauna-level temperature in your house, that is.

Upfront costs and potential long-term savings.

When purchasing a new furnace, there are numerous elements to think of. Cost and potential savings are essential.

 Let’s examine the costs and savings associated with buying a new furnace.

TypeUpfront CostsPotential Long-Term Savings
Gas$2,500-$7,500$500-$1,000 per year
Elec$1,500-$6,000$200-$500 per year
Oil$4,000-$7,500$500-$1,000 per year
  • Gas furnaces generally have higher upfront costs, but also have higher potential long-term savings.
  •  Electric furnaces have lower upfront costs but lower potential long-term savings. Oil furnaces are in-between the two.

You should also consider energy efficiency. The more efficient your furnace is, the more you save on energy bills. Look for furnaces with high AFUE ratings for maximum efficiency.

Your furnace’s life is like a marriage. It can be great with proper maintenance, or short-lived with neglect.

The lifespan of the furnace.

When buying a furnace, consider its lifespan. It can range from 15-30 years, depending on maintenance and build quality. An older furnace may be inefficient; driving up energy costs and posing risks. Invest in a newer model with better efficiency and safety features.

Other factors to check out:

  • House size.
  • Insulation.
  • Local climate; which will affect the type of furnace. 

Also, consider fuel options: 

  •  Natural gas.
  • Oil.
  • Propane; each with different costs and availability. 

Do your research and compare options before making a purchase.

Investing in a new furnace is a long-term investment for comfort and safety. Don’t miss out or be reluctant to spend; take your time and find the right one for you. 

To get the most bang for your buck, remember: furnace efficiency is key.

Understanding Furnace Efficiency.

To understand furnace efficiency with the title “Understanding Furnace Efficiency,” you need to know the Annual Fuel Utilization Efficiency (AFUE) rating and what it means. Also, several factors can affect furnace efficiency, and there is a considerable difference between a standard furnace and a high-efficiency furnace. 

You will learn about the benefits of upgrading to a high-efficiency furnace. More so, secondary heat exchangers and variable speed blowers are some features you should consider to increase efficiency.

Annual Fuel Utilization Efficiency (AFUE) rating and what it means.

Furnace efficiency is key to making heating cost-effective and eco-friendly. The Annual Fuel Utilization Efficiency (AFUE) ratings evaluate how much fuel a furnace uses while heating, and how much of that is changed into heat.

The AFUE rating table explains this:

AFUE RatingMeaning
90% to 98%High-Efficient Furnace, minimal waste, eco-friendly and pricey.
80% to 89%An efficient Furnace is necessary for a favorable result.
Below 80%Low Efficiency, the furnace needs constant maintenance and energy.

Higher ratings mean more efficient furnaces. Many older systems have an AFUE value below 80%, meaning they consume more energy than necessary. Switching to a new, upgraded furnace can help cut down your carbon footprint and save money on utility bills. Keeping furnaces running well requires regular maintenance.

To keep your furnace in top shape, regularly clean or replace filters, seal duct leaks, use programmable thermostats, and have yearly professional service. Even small changes like these can lead to long-term benefits.

 Additionally, age, maintenance, and occasional HVAC gods offerings can influence a furnace’s efficiency.

Factors that affect furnace efficiency.

Understanding the factors impacting a furnace is essential to know its performance. To get optimal heating and savings, it’s important to learn how these factors work. We will consider significant factors with data in the table.

Older furnaces with moderate-sized filters needing frequent maintenance likely have lower efficiencies than newer models. Good insulation without air leaks will ensure efficient operation, increased comfort, and cheaper costs. reports that buying a new furnace with an ENERGY STAR label saves around $110 each year. This investment can lead to long-term savings by reducing fuel costs for up to fifteen years.

Why accept a standard furnace when you can have a high-efficiency one that’s hotter than your ex’s new flame?

The difference between a standard furnace and a high-efficiency furnace.

Furnaces come in different efficiencies; standard and high. These can affect your comfort and energy bill. 

Let’s check out the key differences between the two.

  • Standard furnaces usually have an efficiency rating of 80%. They use one heat exchanger. They are cheaper up-front. They have shorter lifespans due to wear on the single exchanger.
  • High-efficiency furnaces have a rating upwards of 90%. They use multiple exchangers, extracting more heat from combustion gases. They are pricier but have longer lifespans due to minimal wear on multiple exchanges.
  • Plus, high-efficiency furnaces can qualify for rebates or tax incentives. That offsets the higher cost. Also, Natural Resources Canada found that high-efficiency furnaces can reduce greenhouse gas emissions by up to 1.5 tons per year! So, consider all factors, not just price, when choosing a furnace. Upgrade to high-efficiency and you’ll save money and help the environment.

The benefits of upgrading to a high-efficiency furnace.

Upgrading to a high-efficiency furnace is beneficial. It helps you save money and is eco-friendly. Plus, it gives you more even heat and is quieter than standard furnaces.

Always hire an experienced HVAC contractor for the installation. A family in Minnesota recently did this and found savings on their heating bills. They also experienced heat distribution and a seamless installation process.

Considering all the benefits, it’s worth upgrading your furnace. It’s like trading a bicycle for a rocket ship!

Secondary heat exchangers and variable-speed blowers as features that increase furnace efficiency.

The need of the hour is an efficient furnace, especially in cold areas where it’s a necessity. Furnaces with secondary heat variable speed blowers have been added to boost efficiency. 

These features aren’t pointless! Here’s why they’re worth considering:

  1. Secondary heat exchangers let the furnace keep more heat from burned gases, saving energy and improving inside comfort.
  2. Variable speed blowers give more efficient airflow, reducing cold spots around corners.

These features don’t just help with energy and comfort but offer additional advantages too. Do your research before buying a furnace and get one with both heat exchangers and blowers. You’ll benefit from improved heating plus safety features. Don’t miss out on such clever innovations! 

Upgrade to a high-efficiency furnace and your energy bills will shrink faster than a snowball in July.

How A High-efficiency Furnace Can Save On Energy Costs.

To save on gas bills, consider installing a high-efficiency furnace. The impact of furnace efficiency on your gas bill is significant.

 In this section, you will learn the potential savings on your annual heating bill by upgrading to a more efficient unit. 

Additionally, you will discover how to calculate savings based on the efficiency of your current furnace and a new furnace. You will also see how insulation, ductwork, and thermostat settings play a huge role in maximizing furnace efficiency.

The impact of furnace efficiency on the gas bill.

A high-efficiency furnace can reduce your gas bill in many ways. It uses less fuel to give the same amount of heat, meaning lower energy bills. Plus, it emits fewer greenhouse gases and helps the environment.

High-efficiency furnaces with an AFUE rating of 90% or higher can save up to 30% on gas bills. That’s because they adjust their speed to changes in temperature and heating needs. This way, you get consistent warmth without wasting energy.

Remember: Regular maintenance is important to keep your furnace running and performing well. Replace filters every 3 months and get yearly tune-ups from licensed professionals for the best efficiency and safety.

Make the switch to high-efficiency furnaces and feel the warmth of savings; faster than a snowball in hell!

The potential savings on annual heating bills.

Heating bills? Invest in a high-efficiency furnace! Take a look at the data in the table below.

Furnace TypeAFUE
Standard Furnace80%
High-Efficiency Furnace95%

This means more fuel is converted to heat, resulting in lower annual heating costs. Aside from lower bills, high-efficiency furnaces also have other perks. Like improved air quality and reduced carbon footprint. It’s a smart financial decision and a responsible one!

Energy Star says a properly installed and maintained energy-efficient heating system can save up to 30% on heating costs. 

So why not make the switch to a high-efficiency furnace? Let it do the math for you!

How to calculate savings based on current furnace efficiency and the efficiency of a new furnace.

Saving energy is a priority for households. One big way renters and homeowners can save money is by getting a high-efficiency furnace.

 But, how do you calculate the savings of a new furnace vs your current one? Here are the details.

Table: Calculating Furnace Efficiency Savings.

Home SpecsCurrent Furnace EfficiencyNew Furnace Efficiency
Square footage1500 sq. ft.1500 sq. ft.
Type of Fuel UsedNatural Gas (therm)Natural Gas (therm)
Fuel cost per unit$1.00/therm$1.00/therm
Annual Usage in Therms1200 therms/yr1200 therms/yr
AFUE Rating (%)**60% efficiency95% efficiency

Based on this table, swapping a 60% efficient furnace for one with an AFUE rating of 95% could save up to $388 each year.

It’s worth noting that upgrading from an old furnace yields the most savings. This could trim your heating bills by up to almost half!

Upgrading furnaces that are twenty years old or have ratings below the mid-80s can help reduce energy use and lower expenses.

Insulation, ductwork, and thermostat settings are essential to get full efficiency from your furnace.

The role of insulation, ductwork, and thermostat settings in maximizing furnace efficiency.

Max furnace efficiency? More than just a high-efficiency furnace is needed! Insulation, ductwork, and thermostat settings are all key. 

Good insulation prevents heat transfer between the inside and outside of your home. Plus, well-maintained ductwork ensures warm air is delivered efficiently. And use thermostat settings to manage your heating usage.

Many homeowners think a high-efficiency furnace is enough to reduce energy bills. But without proper components, minimal gains in efficiency and increased operating costs may occur. So, maintain or replace existing components before getting a new furnace.

Did you know that during WW2, the US gov recommended installing insulation in homes to save energy? This was because of the demand for resources. Insulating your home is still essential for maximizing furnace efficiency and conserving energy costs.

A high-efficiency furnace might be pricey, but at least it won’t cost your first-born child!

The Cost Of A New Furnace And Installation.

To ensure that you make an informed decision for your HVAC needs, let’s discuss the cost of a new furnace and installation with consideration of five sub-sections. 

We will go over the average price range of furnaces based on type and size, what you can expect during the installation process, why it is essential to hire a certified HVAC contractor, additional costs to consider such as ductwork upgrades and insulation, and potential energy rebates or tax credits that can help offset the installation cost.

The average price range of new furnaces is based on type and size.

New furnaces are a big expense. The cost depends on the type and size.

 A table with the price ranges can help with decision-making.

TypeSizePrice Range
Gas Small-Medium$2,500-$4,500
Propane Medium-Large$3,500-$6,000

Electric furnaces are cheaper at first but cost more to run. A small furnace might be cheaper but won’t heat a large space well. It’s important to look beyond the initial cost. Electric rates change with the season, making electric furnaces more expensive in the long run than gas ones. High-efficiency furnaces have lower energy costs over time.

To save money:

  • Plan before winter. Fall sales can save you money.
  • Get quotes from 3 HVAC contractors.
  • Check for manufacturer’s incentives or rebates.

Prepare for noise, dust, and strangers; the furnace installation is like a bad blind date that lasts days.

What to expect during the installation process.

Installing a new furnace? Don’t be overwhelmed! Here’s a 5-step guide to help you out:

  1. Assessment: A technician will come to your home and work out the heating needs for your living space.
  2. Removal: Safely take away the old furnace before installing the new one.
  3. Installation: The technician will put in the furnace as per manufacturer guidelines.
  4. Hookup: Connect electrical and gas lines to ensure the new furnace works correctly.
  5. Testing: Turn on the furnace and run tests to make sure it’s in working order.

You can anticipate efficiency, cost savings in energy bills, and a comfortable temperature in your house. Also, remember to clean the filters regularly for continued reliable and efficient operation.

Plus, energy-efficient models are eligible for federal tax credits; get advice from a professional installer on this.

My friend recently installed their furnace. With professional help, they first had an assessment to decide their heat-valve size requirements. Then, they smoothly removed their old appliance and expertly set up their new one.

Warning: Don’t let a non-certified HVAC contractor install your furnace. It’s like getting a sketchy neighbor to do surgery on you!

The importance of hiring a certified HVAC contractor for furnace installation.

When it comes to furnace installation, it’s essential to hire a certified HVAC contractor. Not only does it ensure your safety, but it can also save you from potentially costly repairs and replacements in the future.

  • Certified contractors are trained and experienced.
  •  They have all the tools and equipment needed for proper installation
  • Plus, they’re licensed and insured, so any damages or accidents during installation are covered.

Non-certified contractors may seem cost-effective in the short term, but it can lead to long-term consequences. These include an inefficiently installed furnace, increased energy bills, and even safety hazards.

For example, a homeowner once chose a non-certified contractor who botched the furnace installation, resulting in a carbon monoxide leak in their home. It’s a dangerous situation that could have been prevented if a certified contractor had been hired from the start.

The cost of the furnace and installation is a lot, and ductwork upgrades and insulation can be even more expensive.

Additional costs to consider, such as ductwork upgrades or insulation.

Once you choose to change your furnace, there are extra costs to think about. Such as ductwork upgrades or insulation. These can add to the overall price of your new furnace and installation, but they are essential for efficient functioning.

  • Ductwork upgrades: If your existing ducts are aged or ruined, they may need upgrading. This could include repairing or setting up new ducts, which will raise the installation cost.
  • Insulation: Having correct insulation is key for keeping a comfortable temperature in your home. Upgrading or adding insulation can improve energy efficiency yet come with an extra cost.
  • Permits: Installing a new furnace may require a permit from local authorities. You should include the cost of getting one while budgeting for your new furnace.
  • Thermostat: Putting in a new thermostat alongside your furnace may be an added expense but it’s important for controlling the temperature and ensuring maximum energy savings.
  • Cleaning and maintenance: After installation, regular cleaning and maintenance are required to keep your furnace functioning properly. Factor these expenses into the long-term running costs of owning a furnace.

Also, some HVAC companies may charge extra fees for services like removing old equipment, transportation costs for the unit, disposal fees, or other unforeseen expenses.

When you start looking for quotes on a new furnace installation, be sure to ask questions about additional fees that may apply.

Many homeowners have been shocked after receiving their final invoice from their HVAC service provider due to unexpected fees. So, it is always wise to inquire about any potential hidden charges before signing any contract.

Make sure you save money on your new furnace with energy rebates and tax credits; it’s like having a financially responsible backup plan for when the furnace finally stops working.

Potential energy rebates or tax credits that can offset the cost of a new furnace.

On the hunt for ways to reduce the cost of a new furnace installation? Look no further than energy rebates or tax credits! 

Here are five tactics to save money:

  • Investigate federal, state, and local tax credits you may be qualified for.
  • Research rebates your utility company or maker provides.
  • Think about upgrading to a high-efficiency furnace that could make you eligible for even more savings.
  • Find out if any special financing options are available in your area.
  • Don’t forget other potential incentives, like energy audits or weatherization programs.

These tips may help offset the cost of a new furnace, but the exact amount you’ll save could be different based on where you live and your specific situation.

If you want to get serious savings, contact a certified HVAC technician. They can provide personalized guidance to fit your needs.

Pro Tip: Taking advantage of energy rebates and tax credits not only lessens your upfront costs but also reduces long-term operating expenses. Investing in a new furnace is worth the effort!

Comparison: High-efficiency furnace vs regular one – avocado toast vs plain bread. Both have their advantages, but the cost might be hard to swallow.

Making The Decision To Upgrade To A High-efficiency Furnace.

To decide to upgrade to a high-efficiency furnace to reduce your gas bill and energy costs, you need to know about the potential savings and benefits that come with it.

 In this section, we will be focusing on different factors to consider before you invest in a new furnace. You should understand the payback period and return on investment (ROI), as well as take into account the age and condition of the current furnace

Another consideration is the potential impact of a furnace upgrade on the resale value of the home, and lastly, the overall comfort and health benefits of a high-efficiency furnace.

The long-term benefits and potential savings of a high-efficiency furnace.

Invest in a high-efficiency furnace for long-term benefits and potential savings. These furnaces use less fuel to produce the same heat, resulting in lower energy bills and reduced carbon emissions. Plus, they come with features like programmable thermostats and zoning systems for better temperature control.

Upgrade for improved air quality:

High-efficiency furnaces filter out pollutants and reduce humidity levels, making them ideal for individuals with allergies or respiratory issues. And they last longer, so fewer repairs and maintenance costs!

Don’t risk it with an old system:

Older furnaces may emit harmful levels of carbon monoxide or other pollutants. Plus, they may break down during cold weather when you need heat the most.

Take the plunge into a warm, cost-saving future! Invest in a high-efficiency furnace and consult with a professional heating contractor to make an informed decision.

 Your wallet and the planet will be thanking you!

Understanding the payback period and return on investment (ROI) for a new furnace.

Upgrading to a high-efficiency furnace? Let’s explore the financial implications.

Energy Savings per Year$500
Payback Period8 years
Return on Investment (ROI)12.5%

Remember, these numbers may change due to location, furnace type, and energy prices. Despite the upfront cost, upgrading furnaces has long-term benefits, like cost savings and a better environment. The financial gains are just one aspect to consider. An efficient furnace also provides cleaner air quality and more consistent heating.

A family in Colorado upgraded their furnace. The initial cost was scary, but they soon saw a decrease in energy use. Plus, knowing they’re helping the environment made it a simple decision.

Dare to upgrade to a furnace so old, it makes Methuselah look like a spring chicken? Consider the rewards!

Taking into consideration the age and condition of the current furnace.

Considering your current heating system is key when upgrading to a high-efficiency furnace. If it’s over 15 years old or showing signs of wear, like strange noises or repairs, an upgrade could be the best option. Plus, if your energy bills are rising despite upkeep, a high-efficiency furnace could save you cash.

Consult a licensed HVAC professional for help. They can assess your home’s needs and suggest the best furnace for you. Also, they can guide you in selecting the right size and efficiency.

For example, a family in a cold climate found their furnace couldn’t heat their home properly. After consulting a technician, they bought a high-efficiency system that reduced their energy bills and increased comfort. They were glad they upgraded!

Upgrade your furnace and get better resale value. High-efficiency heating screams ‘luxury’!

The potential impact of a furnace upgrade on the resale value of the home.

Upgrading to a high-efficiency furnace can positively boost your home’s resale value. Advertise the updated heating system and potential buyers may enjoy the lower energy bills. The impact on resale value depends on other factors such as age, condition, housing market, and overall energy efficiency.

Research heating systems in your area and consult an HVAC contractor for advice. Proper insulation keeps warm air inside in winter and no drafts from doors/windows further improve energy savings.

 Upgrade to a high-efficiency furnace for a warmer home and healthier lungs; nobody looks cool in a gas mask!

The importance of considering the overall comfort and health benefits of a high-efficiency furnace.

When you upgrade your furnace, it’s important to think about costs, efficiency, and comfort. You’ll get better air quality and consistent temperatures. Plus, newer systems may come with programmable thermostats, which can help you save money. Look for rebates or tax credits, too!

Investing in a high-efficiency furnace can improve the quality of life for you and your family. You’ll be protecting our planet for future generations by reducing carbon emissions and conserving energy.

Pro Tip: Before you decide, talk to an HVAC technician who can assess your home’s needs and recommend the best furnace options based on those factors!

Frequently Asked Questions

Q: How much money can I expect to save by installing a new furnace?

A: The exact amount of money you will save with a new furnace depends on various factors, such as the efficiency rating of the old and new furnace, your heating usage, local energy costs, and the condition of your home. However, upgrading to a more efficient furnace can typically lead to significant savings on your heating bills.

Q: What is the average energy efficiency improvement with a new furnace installation?

A: The energy efficiency improvement achieved by installing a new furnace can vary, but modern furnaces generally have higher efficiency ratings compared to older models. The Annual Fuel Utilization Efficiency (AFUE) rating is commonly used to measure furnace efficiency. New high-efficiency furnaces often have AFUE ratings of 90% or above, while older models may have ratings as low as 60%. This improvement in efficiency can translate to considerable energy savings.

Q: Can you provide an example of potential cost savings with a new furnace?

A: Let’s say you currently have an old furnace with an AFUE rating of 70%, and you spend $2,000 per year on heating expenses. By upgrading to a new furnace with an AFUE rating of 95%, you could potentially save around 25% to 30% on your annual heating costs. This would amount to savings of approximately $500 to $600 per year.

Q: How long does it typically take to recoup the investment in a new furnace through energy savings?

A: The payback period for a new furnace depends on various factors, including the cost of the furnace, the amount of energy savings achieved, and your heating usage. On average, homeowners can expect to recoup their investment in a new furnace within 5 to 10 years. However, this estimate can vary significantly based on individual circumstances.

Q: Besides energy savings, are there any other financial benefits to installing a new furnace?

A: Yes, apart from energy savings, installing a new furnace can offer additional financial benefits. For example, a new furnace may increase the value of your home, making it more attractive to potential buyers if you decide to sell in the future. Additionally, some governments and utility companies offer rebates, incentives, or tax credits for upgrading to energy-efficient furnaces, which can help offset the initial investment.

Q: Are there any non-monetary advantages to replacing an old furnace?

A: Absolutely. Replacing an old furnace with a new, more efficient model can provide several non-monetary advantages. These include improved comfort levels with better temperature control, reduced maintenance and repair costs associated with older units, enhanced indoor air quality, and a reduced environmental impact due to lower energy consumption and greenhouse gas emissions.


 Installing a new furnace can lead to substantial energy savings and financial benefits. While the exact amount of savings will depend on factors such as the efficiency ratings of old and new furnaces, local energy costs, and your heating usage, upgrading to a more efficient model can typically result in significant reductions in heating expenses. Additionally, the investment in a new furnace can be recouped within a few years through energy savings, and there may be non-monetary advantages such as improved comfort, reduced maintenance costs, and a smaller environmental footprint. It’s advisable to consult with a professional HVAC contractor to assess your specific situation and determine the potential savings of a new furnace installation.