Everyone wants to save a little bit of money, so if you’re interested in knowing the most economical heating systems for homes, there are a number of factors to consider. Residential heating comes in many forms. You can choose between gas fired, electric, or oil. Within these categories, there is yet another range of options as well as different points of comparison.
Technology gives us a variety of options to consider on our way to the purchasing decision. The availability of your fuel choice might be determined by things such as your geographic location, but you need to consider other aspects such as performance and efficiency.
The Cost to Replace a Furnace
According to HomeAdvisor.com, the average cost to replace a furnace is about $3,940, and homeowners typically spend anywhere from $2,309 to $5,573 based on the actual cost of projects reported by members of the site.
When you replace a furnace, you are paying for more than simply the cost of the furnace itself. You will also need to factor in the cost of inspections and the labor of the technician(s).
The Most Economical Home Heating Systems: A Comparison
The furnaces that you will see listed here will vary in system efficiency from 95.5% up to 98%. They also have different features.
- York Latitude – This one will cost you around $1,410 and has a 95.5% efficiency rating. The performance that you get is quite efficient, and the furnace itself comes in a 33-inch compact cabinet. It is monitored by diagnostics that have been built in as well as shut off controls. You can get models that are for venting through the wall or for natural chimney venting.
- York LX – The York LX will run you about $1,445 and has an efficiency rating of 97%. This cabinet is another small one at 33 inches. Depending on the exact unit that you get, you might get a variable speed blower or a modulating burner.
- Coleman Echelon – This one gives you the best efficiency at 98%. It also costs a bit more at $5,042, but that is the price plus installation. This furnace has both a variable speed ECM motor and a modulating burner to reduce any fluctuations in the temperature. It also features something called WhisperDrive technology that allows for it to operate at a low level of sound. Another feature is the EcoTrak technology that customizes the system depending on the climate.
- Lennox – When it comes to gas furnaces, Lennox makes some of the best. They come in multistage and single variations, and some models have an AFUE rating higher than 90% Their units meet all Energy Star requirements and offer you an operation that is quiet. At The Cooling Co, we’re actually a Lennox-certified dealer, so feel free to ask us any questions about this brand, which is among the most well-known in the HVAC industry.
Related: Stay in Control of Energy Costs by Knowing These 3 Performance Ratings
As with anything else in this world, if you are comparing the various models that are available to you, you need to look at more than just the price. For example, the Coleman Echelon will cost you more at the outset.
But because it also has the highest efficiency, it will pay for itself in the long run with the money you will save on your energy bills.
You also need to take into account the energy source that you will be using. If gas prices are higher than electric, then getting a gas furnace will no doubt end up costing you more in the end. However, if you are in a place where you lose power quite a bit in snow storms, gas might be the better option if you want to remain warm when the power goes out.
Your Choice Should Depend on Your Needs
The bottom line is this, make sure that aside from price, you compare the features and benefits as well as the energy source for each of the furnaces that you are considering. At The Cooling Company, we’d be happy to help you through the process. Give us a call at (702) 790-8277.