This is the big questions everyone wants to know. Unfortunately, there is no easy answer or any set price. The cost of a new HVAC system can depend on many different items. Angie’s List has 2 great articles on the cost of a furnace and the cost of an air conditioning unit. In 2013, Angie’s list members spent an average of $10,059.94 for a complete HVAC system.
Here are 11 items that can affect the price of a HVAC system:
- Efficiency of the furnace. The higher the efficiency, the more the system will cost.
- SEER rating of the air conditioning unit. The higher the SEER rating the more the unit will cost.
- The size of your system. Larger systems are more expensive than smaller systems.
- Utility Rebates. In the Chicagoland area, these rebates usually change June 1st of each year. However, from time to time the utility companies will increase the amount of rebate for a short period of time.
- Manufacturer Rebates. Usually twice a year, the major manufacturers will offer rebates on equipment and installation. The largest rebates usually go to the most efficient units.
- The addition of indoor air quality (IAQ) products. Today your HVAC system is more than just a piece of equipment to heat and cool the house. The addition of IAQ products can remove significant amounts of particulate matter, kill molds, bacteria and viruses, remove odors and control humidity. These will all add to the cost of a system.
- The thermostat you have installed. While most contractors include a standard programmable thermostat with the installation, you can now have thermostats that can be controlled from your smart phone or tablet. In addition you can have thermostats that will automatically control humidity, alert you when the system fails and alert you if you have water or flooding.
- Duct work modifications. Most homes have inadequate duct work. The biggest problem is lack of proper return air. Just changing a furnace and/or air conditioning unit will not solve heating and cooling problems in a house as most of these issues are duct work or air infiltration issues.
- Zoning Controls. An incredible addition to any HVAC system that will allow the home owner to be able to control the comfort of just a small portion of the house. These are great for 2 story homes or sprawling ranch homes with one large HVAC system.
- The Contractor. Licensing, bonding, training, longevity of employees, 24 hour support, 24 hour service, guarantees, financing, vehicles, and the list can go on and on will all play into the price of a HVAC system.
- When you decide to purchase. As with anything there are busy times of the year for HVAC contractors when prices tend to be higher and slower periods of time when prices tend to be lower. Most people think these periods of time are weather driven. They can be…but they can also be the middle of a week when a contractor my have no installations scheduled.
There are a lot of options when it comes to a heating and cooling system and anyone of these 11 items can increase or decrease the cost of your HVAC system.