Now, let’s delve into the specifics of HVAC system installation and furnace and air conditioning prices, ensuring you can make a well-informed decision tailored to your home’s needs.
Air Conditioner Costs
Air conditioner costs will vary depending on the type of system you choose for your home. We will discuss the different costs of portable AC units, window AC units, ductless mini-splits and central AC units.
Portable AC Unit
Portable air conditioners with wheels can be moved to different rooms. They can only cool one room at a time but don’t require professional installation. This type of system is typically the most affordable, and even with professional installation, they are budget-friendly. The cost of a portable AC unit can range from $100 to $500 on average, depending on the brand and features.
Window AC Unit
Installing a window AC unit costs between $200 and $1,300, depending on size and brand. These units work like central air conditioners, pulling in outside air, cooling it and circulating it into the room through fans. They’re great for cooling a single room or a small space. Remember, though, they might not be as energy-efficient as central AC systems. Additionally, they require a window for installation and may obstruct the view.
Ductless Mini-Split
This type of system is ideal for cooling multiple rooms or larger homes, as it allows for individual temperature control in each room. It is also more energy-efficient compared to window AC units and does not require any ductwork. However, the initial installation cost can be higher and may require professional installation. Installing a ductless mini-split system generally costs between $2,000 and $14,000.
Pro Tip
“Keep in mind that small spaces such as bathrooms and laundry rooms typically do not have enough space for a mini split and most HVAC companies will count on the adjacent rooms for heat. In these cases, [installers] always include either an electric kickspace heater under the vanity or in the wall. If the bathroom is part of the renovation, [they] go with an electric heated floor under the tile.” – Derek Walczak
Central AC Unit
The central AC unit is a popular choice, with 66% of homes using it for cooling. However, the installation cost for a central AC unit can be much higher than other options. Additionally, it requires ductwork to be installed throughout the building, which can be time-consuming and expensive.
Despite these drawbacks, central AC units are often considered a long-term investment as they provide consistent and reliable cooling for years to come. The cost of installing a central AC unit ranges between $3,700 and $7,400. You will pay on average around $1,300 to $4,300 extra if new ductwork is needed.
Furnace Costs
Furnaces are an essential component of any heating and cooling system, providing comfortable indoor temperatures. The cost of installing a furnace can vary depending on factors such as the type of fuel it uses.
Electric Furnace
Installation costs for an electric furnace typically range from $2,000 to $6,300. Electric furnaces are a cost-effective and environmentally friendly heating solution, using electrical resistance to generate heat instead of gas. They can last up to 30 years and are easy to maintain. While they offer affordability, it’s essential to note that they may increase your monthly energy bills compared to other furnace types.
Natural Gas Furnace
You can expect to pay between $3,500 and $9,000 to install a gas furnace. While electric furnaces tend to have a lower upfront cost, gas furnaces are generally more energy-efficient. They can save homeowners money in the long run. Gas furnaces also provide a more consistent and powerful heat output, making them popular for colder climates. However, it’s important to consider the availability and cost of natural gas in your area.
Oil Furnace
Oil furnaces are less common among homeowners due to their higher operating costs, environmental impact and fluctuating oil prices. However, oil furnaces are known for their durability and ability to generate heat quickly. Like natural gas furnaces, oil furnaces require proper safety measures to prevent leaks and ensure proper ventilation to avoid carbon monoxide buildup. Installing an oil furnace will cost between $6,000 and $10,000.
Heat Pump Costs
Heat pumps are another option for homeowners looking to heat their homes. While heat pump installation costs may be higher compared to electric or natural gas furnaces, heat pumps are known for their energy efficiency and lower operating costs in the long run.
Ductless Mini-Split Unit
Instead of circulating hot or cool air through ductwork, the ductless mini-split unit comes in smaller units placed in different rooms in the house. This setup is great for homes without ducts or for those who want to avoid the cost of adding new ones.
While they may have higher upfront costs than traditional heat pumps, ductless mini-split units are highly energy efficient, allowing homeowners to save on their monthly heating and cooling bills. The average price of the ductless mini-split unit falls between $2,000 and $14,000.
Dual Fuel or Hybrid Unit
Another option is a dual-fuel or hybrid unit, which combines a heat pump and a traditional furnace. These units can be more expensive, with average costs ranging from $3,000 to $15,000. However, they offer the advantage of switching between gas and electric heating depending on the outside temperature, providing greater energy efficiency and cost savings over time.
Gas-Fired Unit
A gas-fired unit is a popular choice for commercial buildings and homes larger than 4,000 square feet. They’re similar to air-source heat pumps but use natural gas rather than electricity. Average costs range from $4,000 to $10,000. However, they may not be as energy efficient as a dual-fuel system, and they can be less environmentally friendly due to the combustion of natural gas.
Air-Source Unit
These units extract heat from the outdoor air to warm the indoor space. Air-source units are highly energy efficient and can save homeowners money on their energy bills. However, they can be more expensive upfront, with average costs ranging from $5,000 to $14,000. Additionally, air-source units may not be as effective in extremely cold climates, as the outdoor air temperature can limit their efficiency.
Geothermal Unit
These units use the heat from the earth to warm the indoor space. Geothermal units are extremely energy efficient and can save homeowners a significant amount on their monthly energy costs. Geothermal units cost, between $10,000 and $35,000, on average. However, they have a longer lifespan, are very eco-friendly and require less maintenance compared to other heating systems.
