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How Much Does a Heating System Cost?
If you are buying a new home or building one, you will undoubtedly have some weighty decisions to make regarding your heating. The same is true for people looking to overhaul their existing HVAC systems.
These will range from which heating system to use to the costs of what your chosen system will set you back.
Here are some average costs of what you should expect to pay for the most common home heating systems.
HVAC Unit Costs
The average cost of a HVAC averages between $ 3,250 and $12, 586. Keep in mind that these will differ depending on your state and the size of your home.
Central air conditioning between 3,500 and $7,600
Electric furnace between $1,500 and $2.500
Ductless split AC between $3,000 and $5,000
Gas furnace between $ 4,000 and $ 5,000
Oil furnaces between $5,500 and $6, 500
Heat pump between $ 5,000 and $ 6,500
Geothermal heat pumps between $ 20,000 and $27,000
Factors That Affect Heating System Costs
Heating costs will vary depending on a few factors unique to your location and home.
Here are some of the things contractors will look at in order to issue you with a total price quotation.
Depending on which state your home is located, your local climate has the potential to change drastically.
A home in the North, for example, would require a heating unit with a significantly large heating capacity. Such a unit naturally comes at a higher cost.
Do You Need Ductwork Replaced?
Most traditional heating units use some ductwork. If you are making a fresh installation, how much ductwork is required can affect the installation's total cost.
If you are doing a replacement, you will have some existing ductwork in place already. However, if you will require to replace most of this, your total cost will be higher than if you are replacing little sections of it.
An entirely new ductwork installation can get you back anywhere between $1,200 and $4,200. This might also mean more labor days for the construction, which increases your labor costs.
How well a heating system works depends on your home's size and how well the existing insulation was done during construction.
A bigger home required a larger capacity heating unit. This often costs more and costs more to install as well.
Similarly, a newer home with well-insulated, energy-efficient windows with no cracks requires a lower AC capacity to keep it warm.
Other factors include the roof, basements, flooring, attics, and even the foundation.
Heating Unit Type
Larger capacity units and units with high energy ratings have a higher price tag.
Often, the brand you choose also affects the installation costs, with higher-end units costing a little more.
While these might cost more upfront, superior brands come with smarter technology, have a longer lifespan, and come with solid warranties.
It always helps to take the time to shop around, ask for referrals, and collect different quotes before making the final decision.
The point of this is not to get the cheapest option, but to find an option that will give you the best value for money.
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