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A new oil furnace installation costs $2,500 to $6,000 on average, depending on the required duct modifications, and electrical work. Replacements typically cost less than new installs. All oil furnaces need a 120-volt connection, oil-storage tank, and exhaust ventilation.
Oil Furnace Prices of Leading Brands. Oil furnace models are made in a range of sizes from about 50,000 BTU to about 150,000 BTU for residential application. In this table, we use the average unit, which is 100,000 to 120,000 BTU in the Unit Only column.
The average cost of an oil furnace is $5,700, including the furnace itself and professional installation labor. Costs vary based on factors like furnace model and home size.
Oil furnaces cost between $6,425 and $9,175 to install. This national average includes the oil furnace, installation fees, and old furnace removal. If you install a new thermostat, replace ductwork, or install home air quality systems, your installation costs will be higher.
T he overall cost to replace an oil furnace ranges from $2,500 to $10,000, with an average cost of around $5,000. Understanding the factors that influence oil furnace replacement costs is essential for making a well-informed decision.
The basic cost to Install an Oil Furnace is $3,704 - $4,376 per furnace in September 2024, but can vary significantly with site conditions and options. Use our free HOMEWYSE CALCULATOR to estimate fair costs for your SPECIFIC project.
Here are a few price ranges to be aware of when calculating the total oil furnace cost: New oil furnace cost: $2,000-$6,000. The cheap ones usually last for 15 years; the most expensive ones usually last for 25 years. Installation cost: $5,200-$10,000. Depends heavily on the current state; the presence of vent, oil line, oil tank installation.
Depending upon current fuel oil pricing and your usage habits, the cost to operate an oil furnace can be between $80 - $145 per month. 1 To learn more on this subject, visit our cost to replace oil furnace page. Find a Carrier Oil Furnace Expert
The average oil furnace costs between $2,736 and $5,027 for the unit alone. Prices of a new oil furnace will change with size, brand, and energy efficiency. Oil burning furnaces at that price point can heat a house that is around 2400 square feet or less. Larger homes will require larger oil furnaces in the $3,200 to $4,200 range.
The cost of the furnace – Oil furnace pricing can vary between around $3,500 on the low end and up to around $9,175 1 or more on the high end. A basic furnace that meets the Department of Energy’s minimum efficiency standard will cost less than a higher efficiency model with comfort-enhancing features built in.