So you’ve decided to install an HVAC system in your home. One of the main considerations behind this decision is always related to cost. After all, an HVAC system can be a hefty investment.
HVAC System Cost
The first factor that comes into play is the quality of the system. Generally speaking, the higher the quality, the higher the price tag. Quality refers to the components themselves, whether they are top-shelf items or not. You don’t necessarily have to go with top of the line items to have an efficient system, but do your research to find what will work for you.
The parts themselves consist of a furnace and/or air conditioning unit, the ductwork, and the thermostat. Depending on the choices you make here, you can spend up to $50,000 on leading edge models with many different features. Keep in mind that some of these features can help you save money in the long run by increasing the efficiency of your system.
Since each HVAC installation project is different, it’s impossible to give an exact estimate. House size can affect the cost. Bigger houses need bigger systems and more ductwork than a smaller home. Does your ductwork need to be replaced or repaired? If the project is especially difficult, that will add to the labor costs as well. If there is no existing thermostat, wiring will also need to be installed. There are just too many variables to know the exact cost without an expert. For an exact quote, you will need to have a professional perform an inspection. However, we can get the general idea of an HVAC system cost for a residential home.
When we crunch the raw numbers, we have something along these lines:
- Central air conditioning for a 2,000 square foot home is in the $3,000-$5,000 range.
- A central furnace for a 2,000 square foot home costs around $2,500-$7,500.
- You can expect to spend $1,000-$3,000 on ductwork.
These prices can serve as a guideline for what you can expect to invest. It’s also worth noting that many newer homes have the required ductwork already in place.
Besides going for discounted parts, there are three ways in which you can save money on your HVAC system.
First, you want to look for rebates and incentives from your state or local utility company. Check with your system manufacturer also. Many of them offer rebates as well.
Secondly, you can negotiate off-season discounts with your contractor if you install your system during the spring or autumn months. During this period, contractors have less business, so they are more likely to give you a better price. Sometimes manufacturers reduce prices during off season as well, to make room for the next year’s models. Don’t wait until you are in dire straits to replace your system, though. This will give you less options to find discounts.
And thirdly, you want to talk to multiple contractors so you can get the best offer. A good rule of thumb is to give yourself about 2 months to get estimates from at least 3 companies. But remember, the cheapest quote isn’t necessarily the best option. Take into consideration the reputation and experience of the contractor. If your HVAC system is installed improperly, the efficiency of your system can be reduced by up to 30%, which can mean higher utility bills and a shorter life of your system.
You can also potentially skip having certain components installed, such as the furnace. Ask your contractor to find out how to best customize the system to fit your budget and needs.
Are You Ready to Install Your HVAC System?
As stated above, to get a full quote you will have to consult a professional. Contact us today and we will be able to give you information on the costs of parts, installation, and what rebates and savings are available to you.