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Replacing your home heating system with a more efficient option could add comfort to your home, cut down energy bills, and reduce your footprint. However, the considerations, costs, and options may cause you to break into an anxiety sweat. Let’s break down the average cost of the best heating system options and how to save when selecting what’s best for your house.

Understanding Heating System Costs

The best heating system for your house is determined by your home size, budget, and energy efficiency goals. These are the most common options and their average cost:

1. Furnaces

Furnaces are a popular choice for their reliability and efficiency. Gas furnaces are the most common heating system, sometimes found in colder climates. Average installation prices fall between $2,800 and $6,800 (about $4,700). They have an average efficiency rating of 80-98%, with the modern models upping the value on the higher end of that average.

2. Heat Pumps

Heat pumps can heat and cool your home and the two main types include:

Air source heat pumps: Uses outside air. Average installation prices fall in the range of $4,000 - $8,000, depending on size of the household and the make and model.

Ground source heat pumps (Geothermal): Draws heat from the ground. This will save a good bit on the heat bill, as the average runs between $18,000 -$45,000. Average price covers installation, dealer replacement, new construction, and house style.

3. Boilers

Boilers, paired with radiant heating, heat water that’s circulated through radiators and floor heating systems. Gas boilers can cost between $2,500 - $10,000. The average boiler costs between $3,500 - $7,700. Your costs will be increased due to the type of installation and model choices.

4. Ductless Mini-Split Systems

They’re good options for houses without ductwork, providing necessary heating and air conditioning. Because the heating is zoned, you can regulate the temperature as you want. The price is about $3,000 and $5,000 per zone and these systems are good options for one-story houses, additions, and garages or basements.

Factors Affecting Heating System Costs

The final price of your heating system depends on a number of contributing factors, including:

Home Size: Larger homes require more powerful systems, which increases costs. If you have large home check this WhatCost.co.uk guide on the best boiler for a large 5 bedroom house

Energy efficiency: Options rated as highly efficient cost more but pay off with fewer service calls and electricity saving, which means lower bills.

A Sound-Off Upgrading Your Heating System

Clearly, installing a new heating system is an expensive endeavor. However, there are ways to save money on your heating system installation. At various levels, many governments provide incentives, rebates, or grants to get you to install energy-efficient systems.

For example, an individual homeowner can receive up to $7,500 with a heat pump-type energy technology and heating equipment. Also, installations are more affordable during slow season periods, such as the spring or early fall. The best part is that you can bask in these benefits for years to come.