Installing a heat pump is often cheaper.
Electric heat pump vs gas furnace cost.
The cost of a new electric furnace ranges from 1 000 to 2 500 while a gas furnace will cost between 3 000 and 4 000 before installation.
The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or.
A heat pump can do both.
Check here for up to date and regional pricing.
These various methods of heating all have their associated costs.
For gas people can choose between natural gas and propane while with a heat pump homeowners usually have both the heat pump function and the electric heating element included with the pump.
Unlike electric furnaces or heat pumps gas furnaces actually produce gas which means your system needs to vent to the exterior in order to remove these gases from your home.
The cost of a new electric furnace is 1 200 on average to install.
Click here for an annual cost comparison chart using default values from the calculator above.
The average price for a new gas furnace ranges from around 2300 to install depending on manufacturer.
If you have an electric furnace or a heat pump an hvac technician will have to install venting for a gas system which will increase the cost of your installation.
Compare the pros and cons.
However if your home requires cooling a furnace will need to be matched with an air conditioner.
If you live in the south where winter temperatures may only reach 40 to 60 degrees then a heat pump is the best fit for your home.
Most of the reasons you would choose a heat pump vs.
Compare costs efficiency installation operating costs and more for electric heat pumps vs gas heating to determine which hvac system is best for your home.
To talk with a professional about upgrading your heating system contact an efficiency maine residential registered vendor.
Altogether your home comfort costs may be less with a heat pump.
Electric furnaces are generally less expensive to purchase than gas furnaces and cheaper to install.
Ground source heat pump possibly air source heat pump average cop of 2 2 5 in uk costing more than gas and lastly i would personally rather spend 5000 installing a good gas central heating system than 16000 25000 for a ground source heat pump system offering similar returns in cost.
If you live in an area where electricity costs less than gas then a heat pump is also the better option.
Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces.
Your fuel prices may differ.
Gas furnace come down to where you live.
