One of the most capable heating systems you can install in your home is a furnace fuelled by liquid propane gas. A good understanding of the pros and cons of propane furnaces is important in making an informed purchase decision.
Propane furnace prices are generally similar to natural gas furnaces, however certain factors may make them more expensive for certain home owners.
Prices usually range from $2,800 to $6,000 depending on a variety of factors, including where you live (i.e. small town vs. being close to major urban centres), the brand and model of the system, the efficiency rating, the size and BTU output of the unit, and of course the installation cost.
However total cost may approach $8,000 – $10,000. These two factors can contribute significantly to a higher overall cost:
- Propane furnaces are popular in rural areas since in many cases there is no natural gas infrastructure, which means contractors often need to travel further to do an estimate and installation, and there may be fewer companies to choose from which service you area.
- Often these types of furnaces are also being put in during a conversion from oil or electric heating, which can also add considerably to the total cost.
Certain rebates may be available to offset the cost of upgrading from an older model.
Propane Prices in Canada
Although propane prices have increased somewhat recently in Ontario and elsewhere in Canada, it still remains far cheaper than electric baseboard or oil heating for your home.
According to Natural Resources Canada, propane prices had risen from roughly 70 cents per litre to over $1 per litre at the beginning of 2014. Prices have since come back down to around 80 cents per litre across most of Canada in 2017. There are also typically price variations by specific region, with prices being slightly higher in less populated and more isolated areas.
Using propane for home heating can allow you to cut your energy bills by up to 40% which can mean significant savings on annual energy costs. The other thing is that clean burning propane may eventually bring down your insurance costs and lessen your ecological impact. This would mean that now with the switch of your housing heating off oil and on to propane, it is not only good for the environment but also for your family budget or small business expenses.
When you set out to shop for a propane furnace the key is to ensure that you get the correct type of furnace for your needs at the most reasonable price. The newer models have a longer lifespan and performance than the older systems. Fill out the form on the right for free quotes from contractors in your area.