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However, all of that energy efficiency comes at a price! The average gas furnace with a 90% AFUE (thatâs the rating that determines just how energy-efficient your furnace is) will cost you about $2,500 (and, of course, that doesnât include installation costs. Count on spending about $2,000 to have your new furnace installed).
You can also choose to install electric heat, which comes from small registers located around the border of each room. Although the cost of installation averages between $1,000 and $2,000, this type of furnace isn't a good idea for heating large spaces and comes with high energy costs. One newer option gaining popularity is a heat pump, which pulls in heat from the air or ground using refrigerant coils.