How Much Should a Furnace Cost in Memphis?

September 24, 2016

Nobody looks forward to the day that they have to replace their furnace. But alas, it’s part of life, and Memphis homeownership, and so is investing in a new furnace. So when that dreaded day comes, where do you start?

The value of a new furnace will vary depending on several factors, like the lifestyle and behaviors of residents in the home. Health issues may also mean you need air filtration systems, which also factors into which furnace is best for your home. Even interests can help determine which furnace is right for your family. Does anyone collect art or is anyone a wine connoisseur? Humidity levels can impact the integrity of these products so you may have to include a whole-home humidifier in your heating and air conditioning system.

Another thing to take into consideration is the home’s design. What is the window count in the home and which direction do the windows face? What level of insulation is currently installed and how efficient is it at trapping air indoors? How well installed the ductwork is, the favored power (gas, solar, etc.), and even home design can help determine which furnace is ideal for your home.

Service Experts Heating & Air Conditioning will set-up a free consultation where they will go out to your home and evaluate your current set-up. The technician will discuss your options with you and present you a complimentary estimate on a new furnace installation based on their review of your home’s construction and unique characteristics.

The next thing that will go into determining the price of your furnace is which company you choose to perform the installation. One business may have your desired system at a lower cost, but be careful and make sure that they are licensed, bonded, and insured given something should happen while they’re on your site. In the event a contractor was injured on your property and the contractor was not insured, you can be held liable.

All of these things go into determining how much a new HVAC system will cost, but let’s get down to what you really want to know. We’ve provided a few estimates on how much you can expect to pay based on the sort of home you live in.

Ranch or Smaller House

Up to 2000 square feet and usually one story

Average cost of an HVAC system: $6,000 - $15,000

If using approved financing: $40 - $250 per month

Average Suburban Home

Less than 3500 square feet and usually 1-3 stories

Average cost of an HVAC system: $8,000 - $25,000

With approved financing: $100 - $500 per month

Luxury Home

Over 3500 square feet and various stories

Average cost of an HVACsystem: $18,000 - $60,000+

If using approved financing: $250+ per month

Approximate pricing may vary depending on regional climate, personal lifestyle, equipment settings, air conditioning maintenance, and installation of equipment and duct system.

Replacing your furnace can sound like a huge undertaking, but Service Experts Heating & Air Conditioning is here to help guide you through the process, discuss your options, and decide the best HVAC system for your home. The team at Service Experts Heating & Air Conditioning is not only licensed, bonded, and insured, our entire team goes through a thorough background check and drug test to make sure we’re sending honorable and trustworthy people into your home. We also give a 100% Satisfaction Guarantee for 365 days so you can feel confident in the work we provide.

Though the investment cost can be nerve-wracking, we have fantastic financing options to help you get your new furnace installed quickly. Call 901-235-1196 today to set up your free in-home estimate.

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