It can be a challenge finding a cheap furnace that offers a good quality and high-efficiency operation at an affordable price. But it doesn’t have to be.
Here are 6 Tips for Canadians on Getting the Best Deal on a New Forced-air Furnace for your home. Skip to the bottom for our recommendation on one of the best all-around brands of furnace, offering good performance and solid value.
1. Go for High-Efficiency
Finding a good deal is great but you shouldn’t forgo quality and energy-efficiency just to save a few dollars – the cost in the long run will be far higher. You should aim for efficiency ratings of at least 90% AFUE. Don’t bother with “mid-efficiency” furnaces in the 80% range. The marginal initial savings will be far outweighed by higher ongoing utility bills.
2. Go for Natural Gas or Propane
Modern gas and propane furnaces are widely sold, making them a popular choice of heating system in Canada. In addition, they generally have the lowest ongoing operating costs. If you live in a city or large residential area, natural gas is your best option. If you live in the countryside, go with propane.
If you live in a large city such as Toronto, your odds of finding a good deal are better as the competition among HVAC dealers is fiercer. Shop around and request a free quote from local distributors with the quick and simple form at the top of this page. New natural gas furnaces will generally cost at least $2000 on the low end, and go up from there.
3. Consider Financing or Rent to Own
Another option to consider is financing which may allow you to get a brand new system with no upfront costs, instead spreading the cost out with a simple monthly payment. The application process is often simple and straightforward and can often be completed over the phone. Term length can vary from 12 months all the way up to 15 years, and the monthly payments vary accordingly so you can find something that fits your budget.
Rent to own programs are essentially a type of financing. The benefits include full-coverage on repairs, a flat monthly rate, and some companies offer guaranteed approval regardless of credit rating. See here for a full breakdown of the details, pricing, and pros & cons of renting.
When looking for a cheap furnace, there are a few pointers that individuals should strongly consider.
4. The Cheapest Option is Not Always the Best One
It’s a good idea to look for a good deal. Just remember that if something seems too good to be true, it probably is. A new furnace for under $2000 in most Canadian cities may seem like a steal. Just make sure you do your research about the company. A hastily installed furnace is far likelier to break down or function incorrectly, leading to more headaches and expense in the long run.
5. Brand Name Isn’t Everything
Remember that some companies spend a lot of money on marketing and this doesn’t necessarily mean their products are significantly better or more reliable than other brands.
6. So What Do We Recommend?
A popular and fairly well regarded brand such as Goodman offer a good balance of quality and reliability and affordability. A new ENERGY STAR dual-stage model can start in the $2500 range including installation.
Stay warm and keep your wallet full with cheaper furnaces!