Pricing

New Gas Furnace Installation Costs: Top Brands, Reviews

The average cost of an installed gas furnace is $5,700 for an 80% efficiency furnace and $7,200 for a furnace of 90% or higher efficiency.

The total cost range of a new furnace installed is $4,000 to $10,500 based on size, efficiency, stages of heating and brand plus installation factors.

What’s here? Comprehensive new furnace pricing, top brands and Buying Guide that will make your purchase decision easier.

New Furnace Cost

Many homeowners getting new furnace price estimates are going to have sticker shock. The cost of a new furnace is much higher than it was a few years ago due to the factors we’re all familiar with – supply chain problems, labor shortages and inflation.

Efficiency Basic Better Best
80% $4,000 – $5,200 $4,500 – $6,300 $5,800 – $7,700
90% – 93% $4,400 – $5,700 $5,300 – $7,000 $6,600 – $8,800
94% – 96% $4,700 – $6,100 $5,800 – $7,500 $7,100 – $9,200
97% – 99% N/A $6,300 – $8,100 $7,700 – $10,500

Here is a general overview of basic, better, and best gas furnaces.

Basic: Single-stage heating. Single-speed or multispeed PSC standard-efficiency blower motor. Efficiency of 80% or 90% to 93%. Basic single stage thermostat.

Better: Two-stage heating. Efficient multispeed or variable-speed ECM blower motor. Efficiency of 80% or 93% to 97%. Requires 2-stage thermostat.

Best: Two-stage or variable capacity heating. Variable speed ECM blower motor. 80% or 94% to 99% efficiency. Optional communicating technology that shares information between system components to optimize efficiency and climate control (requires communicating thermostat).

Yes, some 80% furnaces belong in the “Best” category because they are high quality and equipped with a variable speed blower and other top climate control features.

80% efficiency or 90% and higher? Yes, those are your gas furnace efficiency options. All manufacturers make 80% AFUE/Annualized Fuel Utilization Efficiency furnaces with a single heat exchanger. Once you add a second heat exchanger that captures heat from exhaust gasses before it is lost, efficiency rises to 90% or higher.

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Best Gas Furnace Models: Here’s How Much They Cost

Natural gas furnaces are cost-effective for indoor heating, and they are used in nearly 50% of US homes. However, purchasing the right furnace model is key if you want reliable heating and a long service life. Common issues when using low-quality furnaces include whistling noises, frequent breakdowns, poor air quality and insufficient heating.

In this consumer buying guide, we will review seven furnace models that provide reliability and good performance, according to our research:

  • Carrier Infinity 98
  • Carrier Infinity 80
  • Trane S9V2
  • Trane XV80
  • Payne PG95ESA
  • Rheem Prestige R96V
  • Lennox Elite EL296V

These furnaces are consistently ranked among the best, and they are covered by solid warranties. When comparing furnaces, it makes more sense to focus on specific models instead of brands. Furnace manufacturers offer products for all budgets, which means you can find top-tier equipment and cheap equipment from the same company.

Did you know? A high Annual Fuel Utilization Efficiency (AFUE) is not a quality metric, it simply means the furnace burns gas efficiently. There are reliable furnace models with modest efficiency values, and poorly rated products with a high nameplate efficiency.

How Much Does a New Gas Furnace Cost?

The price of gas furnaces and other types of HVAC equipment can vary depending on your location. Skilled labor costs also vary from city to city, and this also affects total project costs. On average, you can expect to pay between $4,500 and $10,200 when installing a new furnace, while most projects fall within the range of $5,000 to $7,500.

As you might expect, high efficiency furnaces come with an increased price tag. According to our own research, an 80% efficient furnace has an average price of $5,700, while a 90% efficient unit has an average price of $7,200. However, you recover the extra investment multiple times in the form of natural gas savings.

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