Furnace and heat pump replacement cost in 2026
What a new gas furnace or heat pump costs installed, nationally and in the largest metro areas, from the same model as our furnace and heat pump calculators. Every figure in the gas furnace, heat pump and metro tables is our estimate, not a quote; the method is below and on How we estimate.
National ranges
| Case | Low | Typical | High |
|---|---|---|---|
| 40k BTU/h, 80% AFUE | $3,300 | $3,400 | $3,950 |
| 40k BTU/h, 95% AFUE | $3,850 | $4,150 | $4,800 |
| 60k BTU/h, 80% AFUE | $3,400 | $3,550 | $4,200 |
| 60k BTU/h, 95% AFUE | $3,950 | $4,300 | $5,050 |
| 80k BTU/h, 80% AFUE | $3,500 | $3,700 | $4,450 |
| 80k BTU/h, 95% AFUE | $4,050 | $4,450 | $5,300 |
| 100k BTU/h, 80% AFUE | $3,600 | $3,850 | $4,700 |
| 100k BTU/h, 95% AFUE | $4,150 | $4,600 | $5,550 |
| 120k BTU/h, 80% AFUE | $3,700 | $4,000 | $4,950 |
| 120k BTU/h, 95% AFUE | $4,300 | $4,750 | $5,800 |
Equipment prices brought to today with BLS PPI WPU1062 (Furnaces and heaters, including parts), base 2023 average (2023-01 to 2023-12), end month 2026-08; installation with BLS OEWS HVAC wages, May 2023 to May 2025.
| Case | Low | Typical | High |
|---|---|---|---|
| Ducted, like-for-like swap (ducts and wiring OK), SEER2 14.3 | $3,900 | $7,000 | $10,100 |
| Ducted, new install or with duct or electrical upgrades, SEER2 14.3 | $7,600 | $13,650 | $19,650 |
| Ducted, needs a new electrical circuit, SEER2 14.3 | $9,050 | $15,100 | $21,150 |
| Ductless mini-split, one room (1 ton), SEER2 20 | $4,750 | $7,900 | $11,100 |
| Ductless mini-split, several rooms, SEER2 18 | $10,200 | $17,000 | $23,800 |
Equipment prices brought to today with BLS PPI WPU11480734 (Heat pumps), base 2023 average (2023-01 to 2023-12), end month 2026-08; installation with BLS OEWS HVAC wages, May 2023 to May 2025.
Low and high are the low and high price bands of NREL's REMDB for that equipment; typical is the middle band. The like-for-like heat pump swap is anchored on the U.S. EIA's 2023 cost study (EIA's 2022$ figure brought to 2023$ with PPI WPU11480734, 2022 average to 2023 average); the other heat pump rows are REMDB as published.
Oil and electric furnaces: EIA national figure, PPI-adjusted to 2026
We model gas furnaces only. For oil and electric furnaces these are the EIA national figure, PPI-adjusted to 2026: the U.S. EIA's 2023 cost study (2022 dollars) multiplied by the change in BLS PPI WPU1062 (Furnaces and heaters, including parts) from its 2022 average to 2026-08 (a factor of 1.181). They are not run through our calculator, and are not localised. That index tracks equipment prices; applying it to the whole installed cost is our adjustment. EIA's report has no propane furnace table, so we show no propane figure.
| Furnace | Low | High |
|---|---|---|
| Oil: 105 kBtu/h input, 85% AFUE (EIA 2022 Typical) | $4,110 | $8,050 |
| Oil: 105 kBtu/h input, 97% AFUE (EIA 2022 High) | $6,070 | $11,940 |
| Electric: 68 kBtu/h (20 kW), 100% AFUE (EIA 2022 Typical); EIA prints one figure | $1,750 | |
PPI uplift: BLS PPI WPU1062 (Furnaces and heaters, including parts), base 2022 average (2022-01 to 2022-12), end month 2026-08. Source: EIA, Updated Buildings Sector Appliance and Equipment Costs and Efficiencies (2023), tables "Residential Electric Resistance Furnaces" (p. 23), "Residential Oil-Fired Furnaces" (p. 14).
Why the same job costs more in one place
The equipment costs about the same everywhere; installation follows local wages. Our estimate scales installation by the metro's median HVAC mechanic wage (BLS OEWS, May 2025) over the national median ($29.33 an hour). Same furnace, same scope: an 80,000 BTU/h, 95% AFUE gas furnace.
| The 10 largest metro areas (by total employment, BLS OEWS) | ||||
|---|---|---|---|---|
| Metro area | HVAC wage vs. U.S. | Low | Typical | High |
| New York-Newark-Jersey City, NY-NJ | +28% | $4,750 | $5,100 | $5,950 |
| Los Angeles-Long Beach-Anaheim, CA | +21% | $4,550 | $4,950 | $5,800 |
| Chicago-Naperville-Elgin, IL-IN | +28% | $4,700 | $5,100 | $5,950 |
| Dallas-Fort Worth-Arlington, TX | -2% | $4,000 | $4,400 | $5,250 |
| Houston-Pasadena-The Woodlands, TX | -3% | $4,000 | $4,350 | $5,200 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | +18% | $4,500 | $4,850 | $5,700 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | +6% | $4,200 | $4,600 | $5,400 |
| Atlanta-Sandy Springs-Roswell, GA | -3% | $4,000 | $4,350 | $5,200 |
| Miami-Fort Lauderdale-West Palm Beach, FL | -5% | $3,950 | $4,300 | $5,150 |
| Boston-Cambridge-Newton, MA-NH | +29% | $4,750 | $5,100 | $5,950 |
| The 5 metro areas where this job costs most (50 states and DC) | ||||
| Metro area | HVAC wage vs. U.S. | Low | Typical | High |
| Fairbanks-College, AK | +54% | $5,350 | $5,700 | $6,550 |
| Anchorage, AK | +40% | $5,000 | $5,400 | $6,250 |
| Napa, CA | +39% | $5,000 | $5,350 | $6,200 |
| San Jose-Sunnyvale-Santa Clara, CA | +35% | $4,900 | $5,250 | $6,100 |
| Seattle-Tacoma-Bellevue, WA | +31% | $4,800 | $5,200 | $6,000 |
| The 5 where it costs least (50 states and DC) | ||||
| Metro area | HVAC wage vs. U.S. | Low | Typical | High |
| Beckley, WV | -27% | $3,450 | $3,800 | $4,650 |
| Sebring, FL | -27% | $3,450 | $3,800 | $4,650 |
| Dothan, AL | -24% | $3,500 | $3,850 | $4,700 |
| Parkersburg-Vienna, WV | -25% | $3,450 | $3,850 | $4,700 |
| Alexandria, LA | -22% | $3,550 | $3,900 | $4,750 |
Equipment prices brought to today with BLS PPI WPU1062 (Furnaces and heaters, including parts), base 2023 average (2023-01 to 2023-12), end month 2026-08; installation with BLS OEWS HVAC wages, May 2023 to May 2025.
Every metro with a published HVAC wage (389 areas) is in the CSV.
Prices since 2021
| Series | 2021-01 | Latest | Change |
|---|---|---|---|
| WPU1062 (Furnaces and heaters, including parts) | 223.9 | 337.1 | +50.5% |
| WPU11480734 (Heat pumps) | 121.1 | 141.9 | +17.2% |
Latest month: 2026-08 for both. The national median HVAC mechanic wage went from $27.55 to $29.33 an hour, May 2023 to May 2025 (+6.5%, BLS OEWS).
A swap costs less than a new install
For a 3-ton ducted heat pump our typical figure is $7,000 for a like-for-like swap and $13,650 for a new install or a job with duct or electrical work. The two come from different sources. The swap is anchored on EIA's 2023 study, which models replacing the existing equipment. NREL's REMDB comes from real program projects, which often included extra work such as new ducts, wiring or a panel upgrade, so it sits higher. A quote between the two may be fair; ask what work it includes.
Rebates
The federal tax credits ended on 2025-12-31: 25C (energy efficient home improvement, which covered heat pumps and efficient furnaces) for property placed in service after that date, and 25D (residential clean energy) for spending after it. Source: Public Law 119-21, sections 70505 and 70506 (read 2026-10-12). What remains is state and utility programs; look them up for your ZIP with Rewiring America's rebate finder.
Method and sources
Each estimate is NREL REMDB 2024's price for the equipment (2023 dollars), equipment brought to today with BLS PPI and installation with BLS OEWS wages, then scaled to local wages; totals are rounded to $50. EIA figures in the oil and electric block are rounded to $10. More on How we estimate. Use of these figures with credit to checkmyhomequote.com is welcome.
| Source | Vintage | Read | |
|---|---|---|---|
| NREL Residential Efficiency Measures Database 2024 (OEDI submission 8336) | 2024-12-23 (2023$) | 2026-10-09 | link |
| U.S. EIA, Updated Buildings Sector Appliance and Equipment Costs and Efficiencies (Mar 2023) | 2023 (2022$) | 2026-10-09 | link |
| BLS Producer Price Index, API v1: WPU106601 WPU1062 WPU11480734 WPU114802 WPU136101 WPU105 WPU1344 WPU1371 WPUIP2311001 | 2021-01 to 2026-08 (WPU106601 to 2026-05, WPU114802 to 2026-07) | 2026-10-09 | link |
| BLS Occupational Employment and Wage Statistics, national | May 2025 | 2026-10-09 | link |
| BLS OEWS, metropolitan and nonmetropolitan areas (MSA and BOS files) | May 2025 | 2026-10-09 | link |
| BLS OEWS, national | May 2023 | 2026-10-09 | link |
| Public Law 119-21 (119th Congress), sections 70505-70506: termination of the 25C and 25D credits | Enacted 2025-07-04 | 2026-10-12 | link |