Either way, when your furnace finally stops working and you know it’s time for a new furnace, you might be wondering: How much does it cost to replace my furnace with a new one?

Your furnace is one of the biggest mechanical components of your home, and obviously an essential part of keeping you and your family comfortable inside. Therefore, it shouldn’t be surprising that new furnace could cost many thousands of dollars including professional installation. But, there’s good news when it comes to replacing your furnace with a new one: Today’s high-efficiency furnaces come with tremendous returns on your investment when you factor in what you’ll save in monthly energy bills.

How much does the average furnace cost?

“As with all big investments in your home, the answer is “it depends.” Furnaces come in many sizes and varieties, from lower-efficiency furnaces to high-efficiency furnaces with modern controls and diagnostic tools built right into the unit. Typically, a low-end unit could range from $3,000 to $4,000, plus installation. A super energy-efficient unit with lots of upgraded features, which will give you the most in monthly energy savings, could run you $4,000 to $7,000 or more.

However, keep in mind that, when you invest in a new furnace, you can finance the unit and the installation, sometimes even at 0% financing. Therefore, you can think of it this way when you’re replacing your furnace with a new one: Instead of giving money to the utility company each month, you can instead invest the money you save each month into a new unit through financing. That’s how many of our customers get an energy-efficient, upgraded unit with minimal impact to their monthly budget.