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What Is the Average Cost of a Heating System?

What Is the Average Cost of a Heating System?

heating installation new jersey There’s a lot to be excited about as we approach the end of the year — holiday celebrations, warm cocoa, and sledding down a snowy hill.

On the other hand, no one looks forward to freezing nights and higher energy bills. HVAC systems eat up nearly half of all the energy spending for the average U.S. household. If your boiler or furnace is over 10 years old, its efficiency is probably significantly diminished. An older heating system might have a fuel efficiency as low as 56 percent. In this instance, nearly half of every dollar you spend on heating oil goes to waste!

That’s why, at JW Pierson Co., we recommend that customers invest in new heating equipment when they want to lower their bills and improve their home comfort. Here’s a breakdown of what that investment might cost.

The average cost of a new heating system

The national average price for new heating equipment is $4,697 for a furnace and $5,806 for a boiler. However, equipment costs can vary depending on the part of the country and will be different in Montclair, Morristown, Dover, and the other towns in northern New Jersey that we service. But geographic location is just one factor affecting heating installation costs.

Factors affecting the price of a heating installation

Many variables can significantly shift how much your new heating system costs compared to the national average.

1. Home size and climate

Your home’s size will determine the model of boiler or furnace you need. A larger model will cost more and could be more expensive to install, especially if the installation space is cramped. In addition, you’ll need to account for how long and cold the winters in your region are when selecting your heating equipment.

2. Furnace or boiler manufacturer

There are quite a few heating equipment brands out there. Customers often feel overwhelmed. It’s a good idea to have an experienced partner like JW Pierson to help select a manufacturer with a proven track record that fits your budget.

3. Equipment availability

COVID-19 impacted supply chains worldwide, causing shortages in labor and materials like copper and aluminum. This had a profound impact on HVAC manufacturers. The best way to avoid suffering additional costs due to product shortages is to plan ahead. If your system is struggling, get in touch with us now so we can start securing your equipment.

4. Additional work needed

Has anything changed about your home since your current heating system was installed? Have you finished a basement or attic space or built a sunroom? If so, you may need to install new ductwork or baseboard radiators, increasing your expenses.

5. Rebates and discounts

As you can see, many factors can increase the cost of your heating installation, but there might also be ways to save money, especially if you’re installing more energy-efficient equipment. At JW Pierson, we always look for rebates or discounts you might qualify for.

Once we’ve installed your new system, we can provide heating service to ensure it works efficiently for years to come. You can protect your home comfort investment with one of our comprehensive service plans.

If you’re ready to look into your heating system options, contact our team today.