There are many variables that impact how much you will need to pay for a new heating system for your home.
One is the size of your home. How much space you need to heat will impact how many BTUs your new heating system will need to generate to keep your home warm and comfortable. If you have added living space to your home through a home addition or finishing spaces such as a basement, attic, or sunporch, you will likely need to replace your old heating system with a more powerful one.
The heating system you purchase will also impact your costs. Factors with that include brand and energy efficiency.
Installation cost factors include labor costs, removal, and disposal of your heating system, installing the new one, and ductwork. Other upgrades such as a new thermostat or indoor air quality equipment may impact your installation costs.
We’ve broken down the national average costs for both the equipment and the cost of installing it by type of fuel.
| Type of Fuel | Equipment Cost | Installation Cost |
|---|---|---|
| Propane | $1,000 – $3,200 | $1,000 – $3,500 |
| Natural Gas | $1,100 – $2,900 | $1,000 – $3,500 |
| Heating Oil | $1,800 – $3,200 | $2,500 – $6,000 |
| Electricity | $600 – $2,700 | $1,000 – $3,500 |
The primary energy sources for home heating are propane, natural gas, heating oil, and electricity. Each offers advantages. Let’s evaluate each.
Propane. If you already have propane in your home for home heating and/or other appliances, this is the best choice. Unlike natural gas, propane does not produce any greenhouse gas emissions. Today’s high-efficiency propane heating systems achieve efficiencies as high as 98%, helping to keep your heating costs under control. Also, the fuel for your heating system is right there in your propane tank thanks to reliable propane delivery from Parker Gas. You’re not at the mercy of a gas utility and its dubious infrastructure.
Natural gas. Like propane, it offers cleaner burning and energy efficiency. However, to use natural gas, your home needs to be in a neighborhood serviced by a natural gas utility. Many natural gas utilities are larger corporations and cannot provide personal and responsive service that you get with a local business like Parker Gas.
Heating oil. Heating your home with oil is becoming more of a disadvantage with each year. First of all, you are at the mercy of the crude oil markets and, as we’ve seen this year, heating oil prices can skyrocket. Oil heat is the least environmentally friendly option. Finally, a heating oil tank leak could cost you tens of thousands of dollars in remediation costs.
Electricity. While there is a misguided effort to push homes to convert to electricity for home heating, it’s a bad idea for both your home’s comfort and your bank account. Heating your home with electricity is the least efficient, meaning your electric bills will go through the roof. Also, electric heat pumps struggle to keep your home warm the closer the temperature gets to 32°F.
With dependable propane delivery from Parker Gas, you can keep your home cozy and warm all winter long. Become a customer today!