Furnace Replacement Cost

Furnace Replacement Cost Guide

By Sarah Collins, home-improvement cost analyst · Reviewed by Tom Reyes, licensed general contractor
Updated 2026-06-16

Estimate what a new furnace will cost installed based on fuel type, efficiency rating, home size, and any ductwork changes.

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Average cost

ScenarioRange
Gas furnace (installed)$3,000 – $6,000
High-efficiency gas$4,500 – $8,000
Electric furnace$2,000 – $4,500
Oil furnace$4,000 – $7,500
With ductwork changes$5,000 – $10,000

What affects the price

FAQ

How much does a new furnace cost?

Installed, a gas furnace typically runs $3,000 to $6,000, more for high-efficiency or with ductwork.

Is a high-efficiency furnace worth it?

In colder climates, the energy savings and rebates often justify the higher upfront cost.

How long does a furnace last?

Most furnaces last 15 to 20 years with regular maintenance.

What size furnace do I need?

Sizing depends on square footage, climate, and insulation; an HVAC pro performs a load calculation.

Should I replace the AC at the same time?

If your AC is also old, replacing both together can save on labor and improve system matching.

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