How Much Should a Furnace Cost in Memphis?

September 24, 2016

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

The value of a new furnace will fluctuate depending on many factors, like the lifestyle and habits 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 factor into which furnace is right for you. Do you 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.

The next thing to take into consideration is the home’s design. How many windows are there and which direction do they face? What level of insulation is currently installed and how effective is it at trapping air inside? How well installed the ductwork is, the favored power (gas, solar, etc.), and even home layout can affect which furnace is ideal for your home.

Service Experts Heating & Air Conditioning will set-up a complimentary 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 free 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 select to install your system. One business may have the system you want 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 influencing 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 what you can expect to pay based on the sort of home you live in.

Ranch or Smaller House

Up to 2000 square feet and typically one story

Average cost of a heating and cooling system: $6,000 - $15,000

With approved financing: $40 - $250 per month

Typical Suburban Home

Up to 3500 square feet and usually 1-3 stories

Average cost of a heating and cooling system: $8,000 - $25,000

If using approved financing: $100 - $500 per month

Luxury Home

More than 3500 square feet and various stories

Average cost of a heating and coolingsystem: $18,000 - $60,000+

With approved financing: $250+ per month

Approximate pricing can fluctuate depending on regional climate, personal routines, equipment settings, air conditioning maintenance, and installation of system and duct system.

Investing in a new furnace can sound like a huge undertaking, but Service Experts Heating & Air Conditioning is here to help walk 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, we put all our employees through a thorough background check and drug test to make sure we’re sending respectable 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 as soon as possible. Call today to set up your free in-home estimate.

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