The cost of a new furnace in Ontario can vary depending on a number of factors, including the type of furnace, its efficiency rating, the size of your home, and the cost of labor in your area. However, as a general rule of thumb, you can expect to pay between $4,000 and $6,500 for a new furnace, including furnace installation cost.
Factors that affect the cost of a new furnace:
- AFUE rate: The AFUE rate measures how efficiently a furnace uses energy. Furnaces with higher AFUE ratings are more expensive, but they can save you money on your energy bills in the long run.
- Living area: People in rural areas tend to pay more for furnace installation due to a smaller number of contractors and more complex supply chains.
- Fuel source: Oil furnaces are the most expensive to install, followed by propane, natural gas, and electric furnaces.
- Type of furnace: The most common type of furnace in Ontario is a natural gas furnace. However, propane and electric furnaces are also available. Propane furnaces are typically more expensive than natural gas furnaces, while electric furnaces are typically less expensive.
- Efficiency rating: The efficiency rating of a furnace is measured by its annual fuel utilization efficiency (AFUE). AFUE ratings range from 80% to 98%. The higher the AFUE rating, the more efficient the furnace is and the lower your energy bills will be. However, higher-efficiency furnaces are also more expensive to purchase.
- Size of your home: The size of your home will determine the size of furnace you need. Larger homes require larger furnaces, which are more expensive.
- Cost of labor: The cost of labor will vary depending on where you live and the contractor you choose. It is important to get multiple quotes from different contractors before making a decision.
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Average cost of a new furnace in Ontario:
The average cost of a new furnace in Ontario, including installation, ranges from $4,000 to $6,500+. This price can vary depending on the factors listed above.
Here is a table showing the average cost of a new furnace in Ontario, depending on the BTU rating and AFUE rate:
| BTU Rating | AFUE Rate | Average Cost |
|---|---|---|
| 40,000 | 95% | $3,500–$4,500+ |
| 60,000 | 95% | $4,000–$5,000+ |
| 80,000 | 95% | $4,500–$5,500+ |
| 100,000 | 95% | $5,000–$7,000+ |
Furnace rebates:
There are a number of furnace rebates available in Ontario, which can help to reduce the cost of installation. To learn more about available rebates, contact your local HVAC contractor or visit the Natural Resources Canada website.
How to choose the right furnace for your home:
When choosing a new furnace for your home, it is important to consider the following factors:
- Home size: Make sure to choose a furnace with the right BTU rating for your home size.
- AFUE rate: Choose a furnace with a high AFUE rating to save money on energy bills in the long run.
- Fuel source: Choose a furnace that uses the type of fuel that is most readily available and affordable in your area.
- Budget: Furnaces can range in price from a few thousand dollars to several thousand dollars. Set a budget before you start shopping so that you don’t overspend.
Tips for saving money on a new furnace:
- Shop around: Get quotes from multiple HVAC contractors before you choose one to install your new furnace.
- Ask about rebates: Be sure to ask your HVAC contractor about any available furnace rebates.
- Choose a high-efficiency furnace: Furnaces with higher AFUE ratings can save you money on energy bills in the long run.
- Consider financing options: Many HVAC contractors offer financing options for new furnace installations. This can make it easier to afford a new furnace without having to pay the full cost upfront.
Conclusion:
The cost of a new furnace in Ontario can vary depending on a number of factors, including home size, AFUE rate, living area, and fuel source. However, there are a number of ways to save money on a new furnace installation, such as shopping around, asking about rebates, and choosing a high-efficiency furnace.