Most people look forward to a warm and cozy home during the winter months. Without access to a functional furnace, it would be difficult for you to maintain a safe and comfortable indoor air temperature inside your home during the cold season.

Replacing a malfunctioning furnace is a simple and effective way to improve your home's energy efficiency and access to heated air. The costs associated with replacing a furnace can be significant, so it's important to know some of the factors that can affect replacement costs in order to help reduce your replacement expenses in the future.

Here are three factors that can affect the cost of replacing your home's furnace.

1. Efficiency

Most homeowners know that there are some ongoing costs associated with heating and cooling a home. If you replace your old furnace with an energy efficient model you can help reduce your heating costs in the future. Energy efficient furnaces are becoming more available on the market, but the efficiency rating of a furnace could have an effect on the purchase price of the unit.

Specialty furnaces with a second heat exchanger that allows the unit to convert exhaust vapor generated by the initial combustion process into a liquid in order to release more heat are often the most energy efficient models available to today's homeowners.

These dual exchange furnaces may cost more initially, but they will maximize your home's energy efficiency and help you save a significant amount of money over time. 

2. Size

When investing in a new furnace for your home, it's critical that you take the time to ensure the new unit is sized appropriately to meet the heating needs of your property. Size is a crucial factor when it comes to determining how effectively your new furnace will perform over time.

If the new furnace you install is too small, it will run continuously and drive up monthly utility costs. If the furnace is too big, it will short cycle and could wear out faster than it should.

Working with an HVAC professional to assess your home's heating demands is the best way to ensure that you purchase a furnace whose size is sufficient to meet your needs. Larger and more powerful furnaces will usually cost more, while smaller models tend to be more cost effective when purchasing the unit, but you should try to factor in energy costs related to the size of the unit as well.

3. Features

Another factor that could affect the purchase price of a new furnace are the features the new unit comes equipped with. Some modern furnaces are designed to do more than just heat a home. For example, you can opt to invest in a furnace that has a variable-speed motor that allows you to customize the delivery of heated air throughout your home.

You can also purchase a furnace that comes equipped with modulating valves that allow the unit to operate at partial power levels in order to conserve both energy and money. While these advanced features can make your furnace more functional, they can also drive up the purchase price of a new furnace unit.

Be sure that you are carefully examining your home's heating needs to determine which features you must have and which you can live without when you are trying to keep replacement costs low.

If you can better identify some of the factors that can influence the cost of replacing your home's furnace, you can budget better for the purchase of a new furnace in the future. Let the professionals at Malone Heat and Air, Inc. help you determine which type of furnace is both affordable and suited to meet your home's heating needs.