From $1,200 to $5,975 The cost of an electric furnace can range from $850 to $1,500. Installing a new electric heater might cost between $1,200 and $5,975. Total expenses vary depending on local labor rates, brand selection, and a few other considerations. Electric furnaces, on the other hand, have greater operating expenses than gas furnaces. They use more electricity per hour than gas furnaces and often need to be replaced sooner because they are always running.
Electricity costs about 6 cents per kilowatt hour (kWh), while natural gas costs about 3 cents/therm. Heating with electricity is more expensive at first because there are no fuel savings compared to gas. An electric furnace will also use more electricity during cold weather when you need it most. However, electric furnaces are less likely to break down than gas-powered ones and require less maintenance. They are also environmentally friendly since they don't emit carbon dioxide or other pollutants.
The best way to decide if an electric furnace is right for you is to calculate how much money you can save each month by switching from natural gas to electricity. You'll need to consider both the initial purchase price of an electric furnace as well as its operating costs over time. If you can afford to pay up front for an electric furnace and still come out ahead every month, then it's a good idea. But if you can't, consider keeping the gas furnace.
Also keep in mind that electric furnaces are not available in all areas.
Electric furnaces are HVAC equipment that use an electric blower to pump air through your home's air ducts. The typical cost of installing an electric furnace for a replacement unit ranges between $1,500 and $2,500. Additional costs may apply if you want the new unit to be controlled by a thermostat or have it equipped with a humidifier.
The good news is that there are energy-efficient models available for less than $10,000. These low-cost systems use half as much electricity as a traditional model and can last up to 15 years before they need replacing. You will, however, need to pay an additional installation charge of about $600 and a monthly service fee of around $40.
If you already have an old electric furnace lying around in your garage or basement, this might be enough incentive to get it working again. However, unless you know exactly what kind of heater it is, it's hard to say for sure how much it would cost to repair vs. replace. We do know that most electric furnaces fall into the medium-duty category (1750 watts or more), so you could probably find one somewhere in the range of $5,000-$10,000 if it's still in good condition.
The cost of installing or replacing a furnace ranges from $2,640 to $6,397, with an average cost of $4,512, which includes materials, equipment, and labor. A gas furnace replacement can cost anywhere from $3,800 to $10,000 or more for high-efficiency versions in complex installations. Electric variants are slightly less expensive, ranging from $2,000 to $7,000. Do the math before you buy or install any type of heating system.
Heating systems wear out over time due to constant use. That's why it's important to check your owner's manual or contact a professional technician for advice on how old your system is and what type you should get replaced. Heaters also need to be cleaned regularly to prevent clogs. Make sure to remove all dust particles that may build up over time.
If you're just starting to notice problems with your heater, call a professional heating company right away so they have enough time to assess the situation and give you recommendations. They will be able to tell you whether there are repairs that can be done yourself or if you need to schedule a service visit from a technician who can fix or replace various parts of your heater as needed.
Heaters are essential in keeping homes warm during Minnesota winters. It's important to take care of them so they last as long as possible before needing to be replaced. Follow these tips to keep your heater working at its best all year round.