An HVAC system is a big expense. A new system can cost between $1,600 and $10,000.
There are a lot of different factors that determine the price of your home’s heating and cooling system. Here is a breakdown of the costs for each type of system and things to consider when estimating the cost for your home.
| Type of Unit | Estimated Cost Range |
|---|
| Central Air Conditioner | $4,800 – $10,000 |
| Gas Furnace | $1,600 – $8,000 |
| Heat Pump | $4,600 – $10,000 |
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- How much money will $10,000 be worth if you let the interest grow? Amount $ Interest Rate% Years to Invest. After investing for 10 years at 5% interest, your $10,000 investment will have.
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Cost estimates based on 3 ton units for a 1,600 sq. ft. home.
HVAC Replacement Costs
The price of your home’s HVAC system will depend on the type of unit you choose. Each type of unit has its own price range and additional costs to consider.
| AC Unit Type | Economy | Mid-range | High Efficiency |
|---|
| 3.0 Ton Unit Cost | $4,800 – $6,800 | $6,000 – $8,400 | $7,200 – $10,000 |
A central air conditioner can cost between $4,800 and $10,000, depending on the type of unit you choose. Economy models that provide reliable comfort but use more energy make up the lower end of the cost range. Mid-range and high efficiency models can cost more up front but offer greater energy efficiency and savings on energy bills.
| Gas Furnace Type | Economy | Mid-range | High Efficiency |
|---|
| 3.0 Ton Unit Cost | $1,600 – $2,800 | $3,200 – $5,600 | $5,000 – $8,000 |
Gas furnace prices range from $1,600 to $8,000 for a 3.0 ton unit. High efficiency furnaces can help you save during the colder months of the year by using less natural gas to heat your home. Some of the most efficient units today can get up to 97.3% Annual Fuel Utilization Efficiency (AFUE) ratings. A gas furnace does require that your home is connected to natural gas lines, so be sure your home has them or can get them installed.
| Heat Pump Type | Economy | Mid-range | High-Efficiency |
|---|
| 3.0 Ton Unit Cost | $4,800 – $6,800 | $4,600 – $6,400 | $7,200 – $10,000 |
A new heat pump can cost between $4,600 and $10,000. These units are designed to both heat and cool your home, and are known for their energy efficiency. The more efficient units could save you up to 60% on your energy costs. However, heat pumps are best suited for milder climates. If you live in an area with extremely cold winters, a gas furnace is recommended.
HVAC Installation Costs
In addition to the price of your HVAC unit, you should factor in the cost of professional installation. This will depend on a variety of factors, including the size of your home, the type of unit being installed and the specific HVAC professional you work with.
On average, HVAC installation can cost between $1,800 and $10,500. The more work required to install the unit, the higher the cost. For example, if your home requires new ductwork or new gas lines in addition to a new unit, your installation will cost go up.
Installation costs also vary by the type of unit you choose. Here are the average installation cost ranges for air conditioners, gas furnaces and heat pumps.
- Air conditioner installation: $1,800 to $10,500
- Gas furnace installation: $1,800 to $4,000
- Heat pump installation: $2,900 to $6,000
Again, these costs will vary depending on your home and the HVAC unit being installed. For accurate pricing, contact an HVAC professional in your area. Need help? Let HVAC.com connect you with the top pros near you today!
Frequently asked questions
How much does a new air conditioner cost? A new central air conditioner can cost between $4,800 and $10,000, not including installation.
How much does central A/C installation cost? Central A/C installation can cost between $1,800 and $10,500, depending on your home and your unit. Contact a local HVAC pro for accurate pricing.
How much is a high efficiency furnace? High efficiency gas furnaces typically cost between $5,000 and $8,000 for a 3.0 ton unit. Gas furnace installation costs an additional $1,800 to $4,000.
What should I pay for a heat pump? Heat pump prices typically range from $4,600 to $10,000, depending on the type of unit you choose. A 3.0 ton economy model can cost $4,800 to $6,800 while a high efficiency unit may cost $7,200 to $10,000. Heat pump installation prices vary, but are typically between $2,900 and $6,000.
How much money will $10,000 be worth if you let the interest grow?
After investing for 10 years at 5% interest, your $10,000 investment will have grown to $16,289
Did Albert Einstein really say 'Compound interest is the most powerful force in the universe?'
| Year | Amount |
|---|
| 0 | $10,000 |
| 1 | $10,500 |
| 2 | $11,025 |
| 3 | $11,576 |
| 4 | $12,155 |
| 5 | $12,763 |
| 6 | $13,401 |
| 7 | $14,071 |
| 8 | $14,775 |
| 9 | $15,513 |
| 10 | $16,289 |
| Rate | Amount |
|---|
| 1% | $11,046 |
| 2% | $12,190 |
| 3% | $13,439 |
| 4% | $14,802 |
| 5% | $16,289 |
| 6% | $17,908 |
| 8% | $21,589 |
| 10% | $25,937 |
| 12% | $31,058 |
| 15% | $40,456 |
| 20% | $61,917 |
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