These furnaces cost more than electric furnaces, but you’ll save on electricity compared to an electric furnace. Oil Furnace The average cost of an oil furnace ranges from $6,750 to $10,000 .

At $2,000 to $7,000 with installation, many electric furnaces are also cost-effective. Electric furnaces can be costly to run, though, and these costs can add up over time in particularly cold areas.

Even though an electric furnace costs more to operate, the plus side is that it doesn't produce any carbon monoxide -- making it safer for the environment and your family's health.

Most furnace repairs cost between $140 and $400. It's a good idea to reserve some money each year for a possible furnace repair, says Danny Pen, President of New Era Plumbing & HVAC.

If you're reading this when the weather outside is warm and toasty, it may seem like a ridiculous time to think about buying a furnace — but it just might, be the best time. You can make ...

Gas water heater and furnace phase-out plans to cost consumers 03:52. A new push in the Bay Area to phase out natural gas furnaces and water heaters is getting some scrutiny as it comes with ...

With energy bills putting a crunch on the U.S. this winter, comparing the costs of electric heat vs gas heat can be an important decision for homeowners looking to save money. When Kiplinger ...

An electric furnace uses electricity to warm up a heat bank that boosts the temperature of the air before blowing it through your home. ... Heat pump vs. furnace Cost.

Discover the key differences between heat pumps and furnaces, including energy efficiency, cost, and climate suitability. Learn which heating system is best for your home and lifestyle.

Average furnace repair cost for an electric furnace ranges between $50 and $300. For oil or propane and gas-powered furnaces, you may have to pay a higher fee, with averages ranging from $300 to ...