This article will provide real prices for Goodman furnaces, including ranges by tier and model, what features come with the more expensive furnaces, and a breakdown of the installation costs you’ll have to budget for.
By the end of this article, you’ll have a good idea of what you can expect to pay for a new Goodman furnace. We’ll also talk about the cost of Goodman’s HVAC accessories, such as air cleaners, and give you some numbers about what real Canadian homeowners have paid for Goodman furnaces.
To conclude, we’ll compare Goodman to some other furnace brands to give you a solid understanding of where they stand in terms of cost and value.
Are you in the market for a new furnace and wondering if a Goodman might be a good investment? Read on to find out the cost of Goodman furnaces and HVAC add-ons, what actual homeowners in Canada have paid for a Goodman heating system, and whether it makes financial sense to invest in one of these furnaces.
Higher than average
Slightly above-average price range, which may be due to factors like a more complicated installation, or purchasing a top-of-the-line unit or premium brand.
Typical price range: $3,500 – $5,500
The average price range for a typical high-efficiency unit with a typical installation from an established, fully licensed & insured local HVAC contractor. Prices will vary within this range based on installation factors, brand & model, unit size/BTU output & efficiency, among other things.
Lower than average
Below-market pricing; be careful if the price is exceptionally low. The lower the price is below average, the higher likelihood that you may receive a more hastily done installation, low-end or used components, limited labour warranty coverage & ongoing support, or the company may be less established or lacking in insurance and/or licensing & certification.
Table of contents
Goodman Furnace Unit Prices and Model Tiers
Goodman’s Entry-Level Furnaces: $3,500 to 4,500
These are ideal for Canadians with a smaller budget but who still want a quality furnace that’s efficient, reliable, and economical. In fact, these are some of the most affordable high-efficiency furnaces on the market.
The models in this tier are all single-stage furnaces, so they will perform best in smaller homes, townhouses, semi-detached homes, or houses in milder parts of the country.
Goodman’s entry-level furnaces have AFUEs of 92 or 96 percent, and some are even ENERGY STAR® certified. They also have additional features for improved performance and better energy efficiency, like secondary heat exchangers, silicon nitride igniters that don’t waste fuel, and self-diagnostic control boards. There’s even a model that qualifies as having ultra-low nitrogen oxide emissions. All of these design elements aren’t always common with entry-level models.
They all come with an excellent warranty as well, including some with unit replacement warranties, so they’re great for homeowners who want guaranteed performance from their furnace.
If special technologies and cool features interest you, however, then you might want to consider a mid-range or premium model, as Goodman’s entry-level furnaces don’t come with any of their exclusive technological features.
It’s also possible these furnaces will qualify for fewer rebates because they don’t have two-stage or modulating operation, some have lower AFUEs, and most aren’t ENERGY STAR certified.
Goodman’s Mid-Range Furnaces: $4,000 to $5,000
The furnaces in Goodman’s mid-range tier are ideal for homeowners who are looking for a budget-friendly furnace upgrade that will reduce energy costs and improve indoor comfort without costing too much.
In fact, there are two-stage, variable-speed furnaces in this tier that fall into a similar price range as some of Goodman’s less advanced entry-level models, so they’ll probably provide better value and better comfort.
The furnaces in this tier are single-stage models with variable-speed operation or two-stage furnaces paired with either a multi-speed or variable-speed blower. They all have AFUEs of 96 percent, and they will be better equipped to keep a larger home warm through colder temperatures, especially the two-stage models. These models are also more likely to be eligible for rebates because they’re all ENERGY STAR certified.
A few even have Goodman’s special features, the communicating ComfortBridge technology and the CoolCloud HVAC app, and they all have silicon nitride igniters, secondary heat exchangers, self-diagnostics, and an excellent warranty, including a 10-year unit replacement warranty.
In the end, Goodman’s mid-range furnaces have something to suit just about every homeowner, whether you’re concerned about budget, rebates, warranties, features, cost-savings, or overall comfort.
Goodman’s Top-Tier Furnaces: $4,500 to $5,500
Goodman’s premium furnaces are ideal for consumers who want it all: features, excellent efficiency, optimal comfort, quiet operation, humidity management, great warranty protection, excellent energy savings, and a reasonable price.
These furnaces are modulating, meaning they can adjust the heating output incrementally. They also have variable-speed ECM blower motors that can make gradual adjustments to the airflow. Furnaces like this offer the most advanced performance when it comes to quiet and efficient operation, even heat throughout the house—even large homes in Canada’s coldest climates—and moisture control.
Plus, Goodman’s premier furnaces come standard with ComfortBridge technology, the CoolCloud HVAC app, secondary heat exchangers, self-diagnostics, their full warranty, and all of the brand’s other appealing design elements.
Furthermore, these furnaces have AFUEs of 98 percent, so only $0.02 of every dollar you spend on heating is wasted. In other words, you’ll save plenty on energy bills over the lifetime of the furnace.
Goodman’s premium furnaces are among the most economical high-efficiency, modulating furnaces available, and the great specifications and ENERGY STAR certification also mean they should qualify for any rebate around, making them even more affordable.
Goodman Furnace Unit Costs
Why is there a range in unit costs for a given model? The cost of the unit may vary based on a variety of factors like the volume of units a contractor purchases, the region, and availability and supply chain constraints, among other things.
|Model||Unit Price||Installed Price|
|GMVM97||$2,500 - $3,000||$4,500 - $5,500|
|GCVM97||$2,500 - $3,000||$4,500 - $5,500|
|GMVC96||$2,000 - $2,750||$4,000 - $5,000|
|GCVC96||$2,000 - $2,750||$4,000 - $5,000|
|GMEC96||$2,000 - $2,750||$4,000 - $5,000|
|GCEC96||$2,000 - $2,750||$4,000 - $5,000|
|GMVS96-U||$2,000 - $2,750||$4,000 - $5,000|
|GMES96||$2,000 - $2,750||$4,000 - $5,000|
|GMES96-U||$2,000 - $2,750||$4,000 - $5,000|
|GCES96||$2,000 - $2,750||$4,000 - $5,000|
|GMES92||$1,750 - $2,250||$3,500 - $4,500|
|GMSS96||$2,000 - $2,750||$4,000 - $5,000|
|GCSS96||$2,000 - $2,750||$4,000 - $5,000|
|GCSS92||$1,750 - $2,250||$3,500 - $4,500|
|GMSS92||$1,750 - $2,250||$3,500 - $4,500|
Furnace Cost Calculator
Goodman Installation Costs
The average cost to buy and install a high-efficiency Goodman furnace is between $3,500 and $5,500. This is a smaller price range than with most other manufacturers, but let’s break it down a little more:
- The actual cost for a Goodman furnace (the unit only) is roughly between $1,900 and $3,100
- Materials required for installation can cost between $250 and $750, and sometimes more
- Labour and installation generally cost between $600 and $1,000, but it can be more, especially if there are complications or if the installer has an assistant or apprentice
Now that we’ve covered what the cost breakdown is for a new furnace, let’s look at the job-related variables that can influence what you’ll actually end up paying:
- The specific model you choose, including the size and efficiency rating
- Where you live (are you urban/suburban or rural and more difficult to get to?)
- The number of HVAC companies operating in your area—competition can lower prices
- Where the furnace is being installed and how difficult it is
- Whether you already have infrastructure in place for a new furnace
It’s usually a good idea to get quotes from multiple contractors before settling on an HVAC pro to hire, but you shouldn’t necessarily just go with the contractor who gives you the lowest estimate.
Sometimes, there are benefits to spending a bit more on a contractor, and here’s why: contractors who charge more often have more fixed costs to cover, and that can mean they have better staff, technicians with more training and experience, faster response times, better customer service and support, and possibly even additional perks like labour warranties.
Let’s have a look at the fixed costs contractors have to cover that get factored into the cost of your job:
- Salaries for technicians
- Support staff
- Marketing and advertising
- Websites, internet, and computers
- Licences and insurance
- Vehicles, fuel, and vehicle insurance
- Office supplies and costs
- Professional services like bookkeeping and legal
All totalled, these operational costs can be $100,000 a year or more, and they do get passed on to the customer.
Learn more about The Truth About Furnace (and A/C) Pricing.
Prices for Goodman Add-ons and Extras
Goodman also makes a number of adjunct HVAC accessories that clean the air, reduce or increase moisture levels, increase ventilation, and improve overall indoor air quality. Not every house needs these devices, but in case you do have issues with air quality, poor ventilation, or moisture, here are the prices for the HVAC extras that Goodman has.
Air Cleaners $250 – $1,000: Air cleaners are an extra level of defence against poor air quality if your home has issues with dust, pet dander, smoke, pollution, or other contaminants. Air cleaners can be especially important if you have a family member with allergies or asthma. Goodman has a number of air cleaners, including media air cleaners with MERV 11 filters and HEPA air cleaners that can eliminate 99.97 percent of particles as small as 0.3 microns.
Humidifiers $500 – $1,500: Dry air can pose problems in your house by causing dry skin, sore noses and throats, static electricity, and even damage to wood and furniture. Goodman has a number of humidifiers, including evaporative and steam humidifiers, that can add moisture to the air and make your home more comfortable.
Dehumidifiers $500 – $1,500: Air that contains too much moisture can create a separate list of problems, including mold and damage to wood, walls, paint, and furniture. Beyond that, moist air can also make your air conditioner work harder, which can increase energy bills and shorten the life of your cooling system. Goodman’s whole-house dehumidifier could be the solution your home needs.
UV Purifiers $500 – $1,000: Like air cleaners, air purifiers can improve indoor air quality by killing bacteria, viruses, and other microbes. Goodman has UV air purifiers that kill germs in the air circulating around your house and UV purifiers for coils. Coil purifiers can improve indoor air quality and extend the life of your heating and cooling systems by keeping the coils free of contaminants.
Heat Recovery Ventilators $1,500 – $2,500: HRVs are great for homes that lack ventilation and homeowners who want to increase the amount of fresh air being circulated throughout the house. HRVs are good for climates with mild, humid winters because they take heat from the stale outgoing air and transfer it to fresh incoming air, so they don’t put any additional strain on your furnace.
Energy Recovery Ventilators $2,000 – $3,000: ERVs work in the same fashion as HRVs, but they’re better for climates with hot summers and cold, dry winters because they take both heat and moisture from the outgoing air and transfer it to the incoming air.
How Do Goodman Prices Compare to Other Brands?
Goodman versus Daikin
Goodman and Daikin—as well as Amana—are owned by the same parent company, Daikin Manufacturing Company. The average cost to buy and install a high-efficiency Daikin furnace is between $3,900 and $6,100, so it will probably cost you a bit more for a Daikin, especially if you want a top-of-the-line model with an excellent efficiency rating and features like modulating burners.
Daikin has a large selection of high-efficiency furnaces ranging from entry-level single-stage models with multi- and variable-speed blowers, more advanced two-stage furnaces, and premium modulating furnaces with variable-speed operation.
Like Goodman, Daikin also has models that range in efficiency from 92 to 98 percent, and they have plenty of desirable design features, including ENERGY STAR certification, ultra-low NOx models, and secondary heat exchangers.
Daikin does have some exclusive technologies, such as a proprietary smart thermostat and an app you can use to monitor and control your heating system remotely, but they don’t have anything built in like the communicating ComfortBridge technology that Goodman has.
Daikin also has an incredible warranty: they offer a 12-year parts and lifetime heat exchanger warranty for every furnace, and most models also come with a six-year or 12-year unit replacement warranty.
Goodman versus York
York and Goodman make some of the most affordable furnaces on the market, but you can actually buy a high-efficiency furnace from York for even less: between $3,000 and $5,100. Moreover, even their most economical high-efficiency models have AFUEs of 95 percent.
York has a much smaller selection of high-efficiency furnaces compared to Goodman. They have single-stage, multi-speed furnaces comparable to Goodman’s entry-level models, two-stage furnaces with multi- or variable-speed operation, and modulating, variable-speed models with AFUE ratings as high as 98 percent, just like Goodman’s premier model.
Goodman and York are also similar when it comes to warranty protection because just about every York furnace comes with a lifetime heat exchanger warranty, a 10-year parts warranty, and a five- or 10-year Complete Assurance warranty, which is equivalent to Goodman’s unit replacement guarantee.
An interesting exclusive feature that York offers is called ClimaTrak™ Technology. During installation, ClimaTrak enables the technician to customize the fan settings based on your climate. Whether you live somewhere temperate, humid, or dry, the fan will work optimally for the weather conditions you experience.
York also has their own proprietary smart thermostat, though only two models are compatible with it.
Goodman versus KeepRite
KeepRite is another brand that falls into the economy category, and their furnaces cost between $3,000 and $5,800 on average to buy and install. They also have a good selection of furnaces ranging from 92.1 to 98 percent, including single-stage models with multi- or variable-speed operation, two-stage furnaces with variable-speed blowers, and modulating, variable-speed furnaces.
There are some good design features that make KeepRite furnaces an attractive option, including direct spark ignition, secondary heat exchangers, rigid press joint primary heat exchangers that have increased longevity, ultra-low NOx models, and ECM blower motors.
One area where KeepRite is lacking is exclusive features, and the only real special technology they have is the Ion System Control, a proprietary smart thermostat that works with their premium Ion series furnaces.
KeepRite also offers a slightly skimpier warranty. Their entry-level Performance models come with a 10-year parts and 20-year or lifetime heat exchanger warranty, but no unit replacement. The furnaces in their mid-range QuietComfort and premium Ion series have 10-year parts and lifetime unit replacement warranties, as well as five- to 10-year unit replacements.
Goodman Furnace Deals & Promotions
Check out our Local HVAC Deals page for possible discounts and promotions on Goodman furnaces in your area.