What’s the Cost of a Furnace Installation or Replacement in Colorado?
Are you looking to install a new furnace? As any Colorado homeowner can tell you, a high-quality furnace is key to staying warm and comfortable during the winter. Ideally, you want a furnace that meets your home’s needs and falls within your budget. The cost to install a furnace in Colorado can range anywhere from $3,500 to $15,000+, depending on factors such as size, efficiency, and fuel type.
In this blog, we cover everything you need to know about the costs to install a furnace in Denver, Colorado, and surrounding areas, including:
- The average cost to replace a furnace
- Factors that influence the cost of installing a furnace in Colorado
- Choosing between repair and replacement
- Does energy efficiency matter?
- How long does it take to replace a furnace?
Keep reading to learn more about furnace installation costs and how to pick the best furnace for your needs.
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Average Cost to Replace a Furnace
As mentioned above, the average cost to replace a furnace in Colorado can vary greatly. Small, standard gas furnaces usually cost around $3,000 to $4,500 (including installation). High-efficiency furnaces, on the other hand, can cost over $7,000. While they come with higher upfront costs, they help save money over time by reducing your monthly energy consumption.
Factors That Influence the Cost to Install a Furnace in Colorado
To narrow down your furnace installation price range, consider the following factors:
- Furnace size: Furnace size, or capacity, is measured in British Thermal Units (BTUs). The higher the BTU rating, the stronger the furnace. Larger homes require more BTUs, which increases costs.
- Furnace type: There are three main types of furnaces, including electric, gas, and oil. Gas furnaces have high upfront costs, but are the least expensive to operate. However, if you don’t have access to natural gas, you may prefer an electric furnace.
- Ductwork requirements: To accommodate the system, your home might need additional ductwork or modifications. In this case, you’ll need to pay for renovations first.
- Add-ons and upgrades: Upgrades such as smart thermostats, advanced air filters, or zoning/temperature control will increase costs.
Although more powerful and efficient furnaces are more expensive to install, they offer increased comfort and energy savings in exchange.
Choosing Between Repair and Replacement
Because a furnace replacement can be expensive, it’s important to ensure it’s necessary. If you’re unsure whether you need a repair or replacement, consider the following factors:
- Furnace age: If your furnace is more than 10 years old and is experiencing problems, it’s best to replace it.
- Repair cost: As a general rule of thumb, furnace repairs should be less than 50% of the cost of a new furnace.
- Repair frequency: While occasional repairs are expected, you shouldn’t be constantly fixing your furnace.
In addition, consider your comfort needs. If your furnace fails to keep you warm, a replacement may be necessary.
Does Energy Efficiency Matter?
Another factor to consider when choosing a furnace is energy efficiency. Every furnace has an Annual Fuel Utilization Efficiency (AFUE) rating, which measures how effectively it converts fuel energy into heat.
As you can probably guess, highly rated furnaces are more expensive to install. However, they come with lower energy costs, which helps save money over time. In Colorado, it’s advisable to get a furnace with an AFUE rating of at least 92% to 95%.
How Long Does It Take to Replace a Furnace?
After spending time and energy finding the right furnace, you probably want it installed as quickly as possible. Fortunately, most furnace replacements or installations can be completed in one day.
If you need additional modifications, such as ductwork renovations, it may take a bit longer. However, your furnace installation should be a smooth and quick process. To ensure the installation is as seamless as possible, it’s essential to work with a reputable contractor.
Request a Visit From Cooper Heating & Cooling
For over 45 years, locals have turned to us for excellent heating services. After considering your unique needs, our highly-trained technicians will recommend and install a furnace that’s right for your home. Schedule a visit today to get started!