With winter inching closer every day, there’s no better time than now to consider upgrading your furnace. At Lenox Heating & Cooling, they understand how overwhelming it can be to compare various residential furnace prices, so they’ve created a quick guide to make things easier for you. For nearly thirty years, this family-owned and -operated company has been the trusted source of heating and air conditioning all throughout the Chillicothe, OH, area. 

What You Need to Know About Residential Furnace Prices

Oil

Prevalent in areas where oil is readily available, an oil furnace is one of the oldest home heating options. For a standard residential tank with a capacity of 275 gallons, the average cost of an oil furnace tends to fall between $1,600 and $2,300. The installation has a wider range, starting from about $4,700 and upwards to $7,000.

Gas

Powered either by natural gas or propane, gas furnaces are very common. On average, both the cost of the unit and the installation is more affordable than that of an oil furnace. A gas furnace can cost anywhere between $680 and $1,400, while the installation ranges from about $1,900 to $4,000.

Electric

If natural gas isn’t easily available, an electric furnace is a great alternative. They’re also quieter and possess a longer life span. Units range between $400 to a little over $1,100. Installation is also slightly less expensive, costing anywhere from $1,700 to $2,500. However, the operating costs of electric furnaces tend to be slightly higher than gas in the long run.

If you’re in Ross County and interested in a new furnace, contact Lenox Heating & Cooling today for a more accurate estimate. Are you curious about other heating methods, like heat pumps and geothermal heating? Call them at (740) 702-2665 to speak with a professional. If you have any questions, visit them online to fill out a form.