What is Cost of New Furnace in Ontario, Canada?
Your furnace is one of the most important appliances in your home because it keeps you warm in the winter and creates a comfortable indoor temperature. But, what if your furnace is old or not working well? Surely you will think to replace it, but how much does a new furnace cost in Ontario?
Don't worry, if you too have same question and worried about the charges then here you will get everything you need related you installation of new Furnace in Ontario, Canada.
So, let's discuss the average cost of a new furnace in Ontario, as well as some of the factors that can affect the price. Not only this but you will also get some tips on how to save money on your furnace replacement.
What is the Cost of New Furnace in Ontario, Canada?
On average, a new furnace costs $4,000 to $6,500 in Ontario. This includes the cost of the furnace itself, plus installation costs. However, this is just a rough estimate. The actual cost varies depending on many factors, including your home’s size, the furnace type you choose, the furnace’s efficiency rating, and installation costs. Each of these factors has a significant impact on the final price you’ll pay. So, let’s look at these factors in more detail.
Factors Affecting the Cost of a New Furnace
There are a number of factors that can affect the cost of a new furnace in Ontario, including:
1. The Size of Your Home
Your home’s size will also affect the cost of your new furnace. If you have a bigger house, you’ll need a bigger furnace, which, of course, means more money. The size also affects your furnace’s British Thermal Unit (BTU) rating.
So, here is a table of the size of your home and cost of furnace in BTU Canada.
2. The Type of Furnace You Choose
There are two main types of furnaces: gas and electric. While gas furnaces are typically more efficient than electric, they’ll cost you more upfront. They’ll also save you money on your energy bills in the long run. Here’s a more detailed comparison of furnaces.
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3. The Efficiency Rating of the Furnace
The efficiency rating of a furnace is measured by its AFUE (Annual Fuel Utilization Efficiency) rating. The higher the AFUE rating, the more efficient the furnace. Furnaces with an AFUE rating of 90 or higher are considered to be high-efficiency furnaces.
4. The Cost of Installation
The cost of installation will vary depending on the type of furnace you choose and the complexity of the installation. In general, the cost of installing a gas furnace is lower than the cost of installing an electric furnace.
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Things to Consider Before Purchasing a New Furnace
When it comes to purchasing a new furnace, there are several factors you should consider. Let's explore these factors one-by-one.
1. Your Budget:
Before you begin your furnace search, it is important to determine your budget. Once you’ve set a budget, you’ll be able to narrow down your choices and focus on furnaces that fit within your budget. It’s also a good idea to think about the long-term results you could get with an energy efficient furnace, as this will help you make a decision that fits within your budget and allows you to reap the benefits in the long run.
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2. The Size of Your Home:
Size of your home is another key factor to consider. It’s important to find a furnace that fits your space’s heating needs. A furnace that’s too small won’t be able to heat your home efficiently, while a furnace too big will use up too much energy and end up costing you more money in the long run. Instead, it’s best to work with a HVAC expert who can do a load calculation so you know exactly how big or small your furnace needs to be.
3. The Type of Fuel you use:
Next, determine the fuel source your home uses, whether it’s gas or electricity. Because furnaces can be used for a variety of fuel sources, it’s important to select one that fits with your current infrastructure.
4. The Efficiency of the Furnace:
Efficiency is a key factor when selecting a new furnace. Furnaces come with an Annual Fuel Utilization Efficiency (AFUE) rating, which indicates how efficiently they convert fuel into heat. Higher AFUE ratings mean greater efficiency and potential energy savings. Look for furnaces with AFUE ratings of 90% or higher, as mandated by Canadian efficiency standards.
5. The Warranty:
Don't overlook the warranty when purchasing a new furnace. A good warranty can provide peace of mind and financial protection in case of unexpected repairs. Carefully review the terms and coverage offered by different manufacturers, ensuring that you choose a furnace with a reliable and comprehensive warranty.
How to save money on a new furnace?
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Get quotes from multiple contractors to ensure the best price. Ask about all costs, including the furnace price, installation costs, and available rebates. Post your task at UrbanTasker to connect with licensed HVAC technicians and discuss about your requirements.
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You might consider buying a used furnace to save money, but have it inspected by an HVAC technician to ensure it's in good condition. However, getting a good deal on a new product seems a better idea.
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Take advantage of rebates and incentives offered by contacting your local utility company or checking our platform.
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Ask friends, family, or neighbours for recommendations if they recently had their furnace replaced to find a reputable contractor and get feedback on their service.
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Cost of New Furnace in Ontario, Canada
Installation cost of new furnace in Ontario, Canada depends on many factors and it becomes very important to understand each and every factor carefully. This will help you to save money, and also ensure a comfortable living without any worry.
Last Updated:
Sep-30