Electric furnace prices can range from $850 to $1,500. A new electric furnace cost to install can range from $1,200 to $5,975. Total costs vary by local labor rates, brand choice, and a few other factors. However, electric furnaces have higher operational costs than gas furnaces.
How much does a new electric furnace cost?
Expect to pay about $2500 at the minimum for a new furnace including installation. However, on average, for a high-efficiency furnace with at least two stages, most homeowners in Canada will pay somewhere between $3000 and $5000 when all is said and done.
When should I replace my electric furnace?
Most furnaces have a lifespan of 20 to 30 years. However, this doesn’t mean you can wait that long to replace yours. After about 15 years or so, you may need to consider a furnace replacement if your unit has been experiencing significant problems and requiring frequent repairs.
How much is a new electric furnace for a 2000 square foot home?
From there, you can figure out the average heating capacity the furnace needs to properly warm up your space. For a 2,000-square-foot home, it’ll cost around $3,300 for a new furnace based on total square footage and BTU rating.
How much is electric heat per month?
If you operate your heater for 10 hours a day and it costs $0.30 per hour to operate, you’ll pay $3.00 a day to run your heater. Multiply this figure by 30 (or the number of days in the month) to determine your monthly cost. In this example, electric heat would cost $90 a month.
Are electric furnaces any good?
This poses an important question: Are electric furnaces energy-efficient? In fact, yes, they very much are. The high-efficiency electric furnace will use up to 99.9% of electricity for heating. We’re talking the AFUE rating of 100; for comparison, gas furnaces have an AFUE rating of 70 to 97.
How do you know if your furnace is dying?
Signs may be frequent headaches, a burning feeling in nose or eyes, nausea, disorientation, flu-like symptoms. If you experience any of these symptoms, air out your house, open a window to the furnace room and immediately call a gas service technician.
Is it cheaper to heat your house with gas or electric?
Electricity is more expensive per unit than natural gas, making the lifetime cost higher than gas heating. Electric heating takes more time. The heat from your furnace won’t reach the high temperatures of a gas furnace. This means you’ll be a little colder for a little longer.
How do I service my electric furnace?
8 Tips for Cleaning Your Electric Furnace
- 1 – Turn Off the Power. Never clean an electric furnace that is still plugged to the power supply. …
- 2 – Assemble All the Required Materials. …
- 3 – Read the Instruction Manual. …
- 4 – Clean the Filter. …
- 5 – Clean the Air Blower. …
- 6 – Clean the Motor Housing. …
- 7 – Clean and Check the Belts.
Is it worth replacing old furnace?
A good rule of thumb is, no matter the age of the furnace, if the cost to repair is 50% of the cost of a new furnace, you should replace it. But for less expensive repairs, you should be less resistant to replacing the furnace the older it is.
Are new electric furnaces more efficient?
An electric furnace is the more efficient of the two. It may have an annual fuel-utilization-efficiency (AFUE) rating as high as 100 percent. Gas furnace ratings range from 55 to 97 percent.
Does electric furnace need cold air return?
An electric-resistance furnace works like a big hair dryer. As with a gas forced-air furnace, it has a blower that draws air into the cabinet through a cold-air return and then pushes the air through the heat exchanger. … But again, the big downside is the high cost of electricity in most regions.