How much does a new fuel oil furnace cost?

Average cost: $2,245 – $7,450 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.

Do they still make oil furnaces?

Today, oil heating is less popular than it used to be because of the low cost of natural gas. Only about five percent of U.S. homes are currently heated with oil. But natural gas is not available everywhere, which is one reason oil furnaces still make sense for some people.

What is the most efficient oil burning furnace?

The Adams AHEO Highboy is a condensing oil fired furnace. It is the most efficient oil furnace available. Condensing technology requires a second heat exchanger to transfer as much heat as possible from combustion gases before they’re vented.

How much does a new forced hot air oil furnace cost?

The average cost to have a forced air oil furnace installed by a local HVAC professional, is around $4,340. The range of prices is $1,850 to $9,200 based on quality and technical specifications of the equipment, and various installation factors discussed within this page.

How much is a new oil furnace for a 2000 square foot home?

The average cost range for an oil furnace replacement is between $5,000 and $9,000, with most people paying around $6,000 for a 90% AFUE oil furnace installed in a 2,000sq. ft. home with a new oil line and tank.

How much is a new furnace for a 2000 square foot home?

For a 2,000-square-foot home, it’ll cost around $3,300 for a new furnace based on total square footage and BTU rating.

Should I replace my 30 year old furnace?

Regardless of the logic you follow, the 30-year mark is at or close to the maximum lifespan you should expect from your furnace. Even though furnaces can last 30 years or beyond, most experts recommend that you start shopping for a new furnace when your existing unit is 15 years old.

How long do oil tanks last in basement?

In most cases, an oil tank will last between 15 and 20 years — roughly two or three times the length of the average residential occupancy.

What is the lifespan of an oil furnace?

Theoretically, the lifespan of an oil furnace is around 25 years. This estimate depends on a number of factors, in particular the amount of regular and preventive maintenance that was done on the equipment over the years. A well-maintained oil furnace has a much longer lifespan than one that was neglected.

What is the best furnace brand?

Best Furnace Brands

• Daikin Furnaces.
• Goodman Gas Furnaces.
• Lennox Furnace Units.
• Rheem Furnaces.
• Ruud Furnace Units.
• Trane Gas Furnaces.
• York Furnace Units.
• HEIL Gas Furnaces.

How efficient should an oil furnace be?

Most new oil furnaces have AFUE ratings between 84 percent (the federally-required minimum) and 90 percent. But if your furnace is old and not well maintained, your AFUE could drop into the 60s or even 50s –a big reason why the decision to upgrade your older heating equipment often pays for itself pretty quickly.

What should I replace my oil furnace with?

A Safe and Greener Alternative to Gas and Oil Furnaces Heat pumps are a more energy-efficient, safe, and environmentally-friendly alternative to furnaces that use gas and oil.

How much does it cost to replace an oil furnace with natural gas?

How much does it cost to convert from oil to gas heating? It depends on who you ask and your particular situation. According to CBS Boston, switching to a natural gas forced hot air system can cost between $4,500 and $7,000.