Oil Furnace Costs by Brand
| Oil Furnace Brands | Oil Furnace Unit Costs | Oil Furnace Installation Costs |
| Armstrong | $1,260 | $4,565 |
| Ducane | $1,325 | $5,415 |
| Rheem | $1,665 | $5,400 |
| Olsen | $1,625 | $5,422 |
What is the average cost of an oil furnace?
The average oil furnace costs between $500 and $2,500 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.
How much does it cost to replace an oil furnace?
- Heating oil prices can fluctuate widely over time and by location. ...
- A building/mechanical permit is usually required to replace a furnace. ...
- Replacing an old oil-fired furnace with a higher-efficiency model may require installing a new chimney liner for $700-$1,800.
What is the best oil furnace?
The Best Oil Furnaces 2020
- Thermo Pride Highboy Oil Furnaces – Best Highboy. These oil furnaces were second in our list last year. ...
- Adams Lowboy Oil Furnaces – Best Lowboy. These units are made in a wide range of outputs for homes, very large homes and commercial use. ...
- Bryant Preferred Series Oil Furnaces – Best Options. ...
- Miller Oil Furnaces – Best for Mobile Homes. ...
What is the price of a new gas furnace?
The cost of a new furnace depends on the size of your home, if you need new ducts, and if you plan to get one at a retailer or through a local contractor. Efficient natural gas furnaces typically cost $5,500. Both BTUs and brand factor strongly into the price.
What is the average cost to replace an oil furnace?
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.
How much is a new oil furnace for a 2 000-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 long does an oil furnace last?
In fact, most oil furnaces can last 20 or even 25 years. Depending on your circumstances, though, you may need to replace your oil furnace much sooner than this, and you can definitely expect to make a few repairs along the way. However, if you keep your furnace in good condition, it should last for at least 15 years.
How much is an oil burner?
The price of a new oil burner will vary, depending on the type of furnace you choose, the size, and its efficiency rating. You can expect to pay from $2,000 to $7,000, plus the cost of installation.
Is it worth replacing an oil furnace?
Oil furnaces last 15 to 25 years on average. Oil-burning furnaces require a large storage tank. Regular maintenance is more extensive due to dirt and soot buildup and requires changing filters frequently. Oil furnaces are cheaper upfront but cost 2.5 times more to operate than gas systems.
Should I replace my 25 year old furnace?
Age of your Furnace If your furnace is pushing 25 years or more, it's probably nearing the end of it's effective lifespan. However, as already mentioned, this shouldn't be the end-all-be-all in the decision. You might choose to replace a 15 year old furnace, or it could last more than 30 years.
How often does an oil furnace need to be cleaned?
You should have your oil furnace serviced at least once a year. If the furnace is used more than average, you'll want to schedule routine service every six months. A furnace may be used more often in freezing climates or areas with long winters.
Is gas or oil heat cheaper?
Gas is Cheaper than Oil (Fuel) When it comes to the cost of fuel, gas is cheaper than oil. Oil prices seem more volatile and subject to demand and supply, natural gas comes with a more stable supply and demand.
How efficient is a 20 year old oil furnace?
20-year-old furnaces have an annual fuel utilization efficiency, or AFUE, of 78% or less, according to the U.S. Department of Energy. AFUE is the basic energy efficiency rating system used in the HVAC industry.
How much is a forced hot air oil furnace?
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.
What should I replace my oil furnace with?
Option #1: Gas Furnaces Natural gas is much more efficient than oil and it's cleaner as well. If you want to reduce your home's heating costs and carbon dioxide emissions, consider this cost-effective and cleaner burning fuel.
What is the most reliable oil furnace brand?
Best oil furnace brandsCarrier and Bryant.Kerr.Adams.Rheem and Ruud.Armstrong and Ducane.Comfort-Aire.Heil, Arcoaire, ComfortMaker (essentially the same brand)Olsen.More items...•
What happens if you install an oil furnace?
If the wrong size oil furnace is installed it can waste energy and cause you to spend more on home heating oil. Increase the need for service and maintenance, provide inadequate heating for your home and of course, reduce the life expectancy off the furnace.
Who is the best person to repair an oil furnace?
Oil furnace troubleshooting, diagnosis, service and repair, is best performed by a trained and certified technician, who knows the ins and outs of the unit being worked on. We recommend you always have a professional look at your oil furnace before you ever attempt to repair it on your own.
How to get a proper furnace size?
To have a properly sized oil furnace in your home,, you should enlist the services off a local contractor who can perform a heat loss load calculation on your home, or find a Manual J load calculator software online, that can help you with each of the detailed measurements need to do it right. Due to the energy savings of having a properly sized furnace, several states now require load calculations in order to get a permit and inspection.
Does the name of the oil furnace affect the price?
Just like any HVAC product or equipment you purchase, the oil furnace brand name or manufacturer will have an impact on the price you pay to have the unit installed.If you can buy an oil furnace yourself, the brand name will affect the wholesale cost as well. Along with the differences in manufacturing quality, Contractors who choose to align themselves with the highest rated oil furnaces tend to charge more as well. As always, we recommend having a professional install your oil furnace, since a quality installation is just as important as choosing the right brand.
Can you include everything in an oil furnace price?
Even though we go to great lengths to be sure our oil furnace prices are kept up to date, we can’t include everything! In this section of the page you’ll find prices submitted by readers just like yourself. If you recently had your oil furnace replaced, repaired, or even had the complete system changed out, please consider sharing the details of your project with others by completing the short form on this page. We never share personally identifying information on our website and future readers will be grateful.
Is oil furnace more common than gas?
Oil furnaces have been heating homes throughout the USA just as long or longer than any other type of forced air furnace. In some areas of the Country, home heating oil is much more common that natural gas, making oil furnaces more popular than gas furnaces for nothing more than the fuel availability. Other Types: Gas Furnaces | Electric Furnaces.
How much does it cost to replace an oil furnace?
How Much Does an Oil Furnace Cost? Replacing an old oil-fired furnace with a new one typically costs $2,000-$5,000 for a simple installation of a basic model, but it can cost $6,000-$10,000 or more for a larger, more energy-efficient unit with a difficult installation, such as a complex floor plan or hard-to-reach ductwork.
How are oil-fuel furnaces sold?
Oil-fuel furnaces are usually sold through a contractor with installation included in the pricing, and manufacturers do not typically publish suggested retail prices.
How much energy does an oil furnace use?
A furnace rated 50,000 BTU consumes 50,000 BTUs an hour. The energy efficiency of a furnace is indicated by its annual fuel-utilization-efficiency rating, which is the percentage of energy actually used to heat the house.
How long is an oil furnace good for?
Oil furnaces are relatively durable and reliable; they typically come with a 10-year warranty, and many homeowners report 15-20 or more years of service. Disadvantages are that the fuel must be delivered to and stored on the premises, and an annual furnace tune-up ($70-$200) is required to prevent leaks and decreased efficiency.
What does it mean to shop for a furnace?
Shopping for a furnace typically means calling heating, ventilation and air conditioning contractors and getting estimates. Referrals are available from the North American Technician Excellence certification program [ 13] and the Air Conditioning Contractors of America [ 14] .
How much does it cost to replace a chimney liner?
Replacing an old oil-fired furnace with a higher-efficiency model may require installing a new chimney liner for $700-$1,800.
How much does it cost to remove an old fuel oil tank?
Removing an old fuel oil tank can cost $500-$3,000 or more, depending on local rates and the tank's size, condition and accessibility. Older ductwork might contain asbestos, creating unpredictable additional costs for asbestos removal. Discounts:
How many hours does an oil furnace run?
If we presume that your home uses the oil furnace for 5 hours a day over 6 months of the year, that totals 910 hours of running time a year. (If you live in a much warmer climate (or much cooler) the months of usage will clearly differ) We know that 1 gallon of oil holds approximately 138,500 BTU of energy, therefore:
What is oil furnace performance?
The performance of an oil furnace is referring to the inner workings of the furnace itself. This depends on which models you choose.
What is the AFUE rating of an oil furnace?
The AFUE rating measures an oil furnace’s efficiency in converting fuel (oil) into energy. An oil furnace that has an AFUE rating of 85 means that it’s 85% efficient in converting oil into energy, leaving a 15% loss. The minimal efficiency for a new oil furnace is 83%, which most oil furnaces hitting between 85 and 90%.
How much inefficiency is an 85 AFUE furnace?
In financial terms, an AFUE 85 oil furnace translates to a 15 cents inefficiency loss on each dollar you spend.. although it’s worth noting that no furnace of any fuel type is 100% efficient. The key takeaway is: the higher the AFUE, the more efficient the furnace is, the more money you’ll save heating your home.
How many BTU per hour is a furnace?
A 80,000 BTU oil furnace just means it burns 80,000 BTU per hour, which is reasonable to heat our average family home.
How long should an oil furnace last?
Buying the right oil furnace is key to keep your home warm and money in your pocket. An oil furnace should last between 15 and 25 years, depending on the brand and usage. Some lucky people can keep them running for even longer.
How long does it take to save money on an oil furnace?
Oil Furnace running costs. Believe it or not, a more expensive boiler can actually save you money in running costs in as little as 5 – 10 years. It really is a case of making a good investment now and earning (well, saving) dividends in the future.
How much does an oil furnace cost?
Major HVAC brands like Carrier, Trane and Lennox manufacture a few non-condensing oil furnace models each. Most have efficiencies in the low to middle 80s. Installed costs are $2,750 to $5,100. Adams and Granby Conforto produce the most efficient oil furnaces available. They are condensing oil furnaces which means they have a secondary heat exchanger to transfer heat in exhaust gases to boost efficiency to 95+ AFUE. Condensing oil furnace cost is $7,700 to about $9,000.
How much does it cost to install an oil furnace?
Oil furnace installation costs range from about $800 to more than $1,600 based on these factors. The costs in the table above include installation (or DIY installation).
How long is a furnace warranty?
In general, better oil furnaces have a 10-year parts warranty and a 20-year or lifetime heat exchanger warranty. Some brands will replace the entire furnace if the heat exchanger fails in the first 5 or 10 years.
What are the performance features of an oil furnace?
Performance Features – Basic models have single-speed or multispeed fans. Better furnaces have variable speed fans that improve comfort control. If the fan is an ECM blower, the furnace will cost more but the blower will use less power to operate. Just a few oil furnaces have two-stage burners.
What is the efficiency of an oil furnace?
Fuel Efficiency (AFUE) – Standard brand oil furnaces range in efficiency from about 82% to about 87%. Cost rises with efficiency.
Where are oil furnaces most common?
Oil furnace are primarily limited to the Northeastern US where bedrock conditions make gas pipelines impractical. While this is not true 100% of the time, oil furnaces are much more popular and widespread in that area.
What is the table at the top of the furnace?
The table at the top gives total costs for the furnace, supplies and labor. This section and the next gives itemized costs you might be interested in having.
How much does an oil furnace cost?
The average oil furnace costs between $500 and $2,500 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 average cost for total installation will be around $5,700. See costs by brands below.
What is oil burning furnace?
Oil burning furnace installation is a niche type of furnace compared to other types of HVAC systems. When hiring an oil furnace contractor there are a few things you can do to make the process easier on yourself: Ask for several bids from local oil furnace installers in order to get the best prices.
What is an Oil Furnace?
Not everyone understands what an oil furnace is, how it operates and its installation process, especially those living in temperate climates. On the reverse side, homeowners living in the northeast region where temperatures plummet are sure to have knowledge of these home heating systems. Energy efficient oil furnaces keep your dollars in your wallet with lower monthly utility bills when comparing to the costs of a gas furnace installation. They are also ultra-quiet much like an electric furnace unit which adds to the total comfort of your home.
What to look for when buying an oil furnace?
When purchasing an oil furnace, there are two things that should be presented to you. First, the dealer or contractor should provide you with a purchase agreement. It should be one that is all-inclusive, meaning it covers all taxes, parts, and labor for installation. Second, there should be warranty and registration forms to fill out. In some cases, there may be forms that need to be filled out by the manufacturer. These forms are required by most brands in order to validate the warranty.
Do oil furnaces run on oil?
You might be thinking that oil furnaces only run on oil but there are also hybrid models that use a heat pump creating a dual fuel system that can be installed in your home.
Can knockoff furnaces fail?
Ask for name brand furnace equipment. Cheap knockoffs can be risky investments that might fail early on and leave you without heat until repaired.
Do you need to do homework before buying an oil furnace?
Businesses are in the business to make money and if you are not prepared and do not know what size system you need for your home, you may end up buying more than you need.
What is an oil fired furnace?
Oil-fired furnaces and boilers are a popular choice in areas of the country with limited access to natural gas, such as the Northeast. Oil-fired furnaces and boilers present an opportunity to use renewable fuels to heat your home. A number of companies are now offering heating oil blended with biodiesel, allowing their customers to reduce their ...
How much does a flame retention burner cost?
A flame retention burner will block airflow up the chimney when the unit isn't running, saving up to 20% on fuel costs at a cost of about $500. Note that steam boilers should only be derated if the steam system is also modified to remove excess radiators, which is a tricky procedure.
Why are boilers and furnaces oversized?
Many boilers and furnaces in today's homes are oversized, particularly if you've upgraded the energy efficiency of your home. It is simple to reduce the heating capacity of your oil boiler or furnace to make it operate more efficiently by having a technician install a smaller nozzle.
How much does it cost to install a flue damper?
If too much heat is going up the chimney, you may need to install a barometric flue damper. The cost is less than $100 and could save you about 5% of your fuel cost.
Is a vent damper cost effective?
Vent dampers, however, may not be cost-effective with properly sized, newer furnace models. For older oil burners, converting to a flame retention burner (below) is probably a better investment.
Can you retrofit an oil fired furnace?
A number of retrofits are possible for oil-fired furnaces and boilers, but before pursuing any retrofits you should consider the potential added benefits you could receive by simply replacing the furnace. The following retrofits are possible:
Can an oil boiler be oversized?
Many boilers and furnaces in today's homes are oversized, particularly if you've upgraded the envelope of your home with new windows and added insulation. It is simple to reduce the heating capacity of your oil boiler or furnace to make it operate more efficiently by having a technician install a smaller nozzle. The cost is minimal and it could cut fuel bills by as much as 10%.
When does oil burn in furnace?
Oil use will vary each day, and furnaces will burn far more oil during the cold months of December, January and February than warmer months of the year. The best way to calculate the amount used is to note how much oil is left in the tank just before it is refilled then note how many gallons the tank needs to fill it up.
How to calculate how much oil is used in a furnace?
The best way to calculate the amount used is to note how much oil is left in the tank just before it is refilled then note how many gallons the tank needs to fill it up. When the tank again reaches the original level, divide the number of gallons used by the number of days it took to reach that point. For example, if your tank holds 120 gallons, it took 100 gallons to fill it up, and it took 50 days for your tank to return to the 20-gallon mark, you used 2 gallons a day on average.
How much oil does Priestly use?
In Portland, Oregon, Priestly & Sons Heating Oil Company estimates their customers use an average of 100 gallons of oil per month in December, January and February, which is about 3 gallons per day.
How many gallons of oil can a home hold?
Homes that heat with fuel oil have large tanks that can hold 100 or more gallons of oil. Typically, the oil is delivered in trucks once a residential storage tank reaches about one-quarter full.
How many homes use heating oil?
Image Credit: Jupiterimages/Comstock/Getty Images. More than 8 million homes in the U.S. use heating oil. The amount these homes consume varies widely, depending on the daily outdoor temperature, home size, existing insulation, age of the furnace and other factors.
When did heating oil replace coal?
Heating oil replaced coal in many U.S. homes in the early to mid 20th century. Today, houses in the northeastern U.S. are the primary users of heating oil. About 8.1 million U.S. homes heat with furnaces fueled by oil, according to the U.S. Energy Information Administration (EIA).
How much oil did Americans use in 2009?
In February 2009, Americans purchased 1.5 billion gallons of fuel oil per the EIA's estimations. This means that the average consumption was 186.5 gallons per household in that month. Advertisement.
Status
Risks
- Just like any HVAC product or equipment you purchase, the oil furnace brand name or manufacturer will have an impact on the price you pay to have the unit installed.If you can buy an oil furnace yourself, the brand name will affect the wholesale cost as well. Along with the differences in manufacturing quality, Contractors who choose to align themselves with the high…
Effects
- Oil furnaces need to be properly sized for your home just like other types of furnaces. If the wrong size oil furnace is installed it can waste energy and cause you to spend more on home heating oil. Increase the need for service and maintenance, provide inadequate heating for your home and of course, reduce the life expectancy off the furnace.
Equipment
- To have a properly sized oil furnace in your home,, you should enlist the services off a local contractor who can perform a heat loss load calculation on your home, or find a Manual J load calculator software online, that can help you with each of the detailed measurements need to do it right. Due to the energy savings of having a properly sized furnace, several states now require lo…
Example
- For the purpose of this size and replacement cost comparison, well use a standard (80% afue) to high efficiency (86% afue) oil furnace example, installed in the basement of the home.
Diagnosis
- Oil furnace troubleshooting, diagnosis, service and repair, is best performed by a trained and certified technician, who knows the ins and outs of the unit being worked on. We recommend you always have a professional look at your oil furnace before you ever attempt to repair it on your own.
Cost
- The table of repair cost estimates below, includes service call estimates, troubleshooting, removal and replacement of the parts, as well as the retail cost of the part, if you were to purchase and install it yourself. The installation times shown in the table represent the approximate time it would take for a trained oil furnace repairman to troubleshoot and repair your oil furnace. The fin…