How much does a new furnace cost?

As of 2015, a new furnace generally costs between about $1,950 and $5,800. The price is greatly affected by the type of furnace, location, energy efficiency and installation effort.

Wall and floor furnaces average the lowest cost of furnace types since they do not contain ductwork. The standard furnace choice for a home or building is one that contains ductwork and is most often powered by electricity, oil or gas. Oil furnaces usually cost more than gas furnaces, while gas furnaces generally cost more than electric furnaces. High-efficiency furnaces can cost several thousand dollars more than traditional furnaces. These may also require a chimney upgrade.