Has your furnace broken down, and are you unsure what to do next? Whenever the unexpected happens, there is no doubt that you will have questions, and when it comes to repairing or replacing a furnace, knowing how much it will cost will be of top concern. Though the cost of repairing a furnace will typically be less than a replacement, it is important to note that repairing it will not always be the best option.
At EVAM Canada, we are your go-to experts for both emergency furnace repair and furnace installation needs. We know that there are many factors to consider when determining should I repair or replace my furnace. In this post, we help you answer the question, how much does it cost to replace a furnace and also how much do furnace repairs cost? For support with determining the right course of action for you, speak with one of our expert technicians today.
How Much Does a Furnace Cost?
If repairing your furnace is not an option, you’ll likely want to know how much does a new furnace costs. Though there are a few variables that can influence the cost of installing a new furnace, most homeowners can expect their furnace replacement to fall somewhere between $3,000 and $6,000.
For more information on what to expect when replacing your furnace, see our post, What to Expect When Installing a New Furnace in Your Home.
How Much Do Furnace Repairs Cost?
When it is possible to repair a furnace, the cost of repairs can be much more affordable than the installation of a new furnace. When knowing how much cost to repair furnaces, it is important to note that different types of furnace issues can have varying repair costs. Minor issues can cost as little as a few hundred dollars, though some repairs could be more costly.
Should I Repair or Replace My Furnace?
Furnace repairs are typically much more affordable than furnace installations. However, repairs might not always be the right choice. It is important to consider the age of your furnace when considering a repair vs a replacement. Older furnaces may be reaching the end of their lifetime and may have a loss of efficiency. In the case of repair vs replacement for older furnaces, it might be the right decision to remove an old furnace rather than hold on to an outdated unit. However, if your unit is only a few years old and the issue is minor, a repair is likely your best option.
See our posts, How Can I Know That My Furnace is Efficient, and How Do I Know When It’s Time to Replace My Furnace, for additional insight into when it might be time to consider upgrading to a newer and more efficient furnace.
