Here in Winnipeg, a furnace is more than just a comfort—it’s an essential part of your home. For 5 to 7 months each year (if not longer), your furnace will keep you warm and prevent your pipes from freezing.
As such an important piece in the comfort, safety, and functionality of your home, it’s worth thinking about the value you’ll get from a new furnace. We’re about to do a deep dive into the cost of furnaces here in Winnipeg. When we talk about these costs, we’ll also discuss:
- Energy efficiency—how much your heating bill will cost each month
- Comfort—how well the furnace will heat your home
- And more
These factors should play an important role in helping you decide which furnace is right for you. The right heating system to replace your existing furnace could reduce your energy bills enough to offset the cost!
The furnace prices we list include installation costs. To determine energy efficiency, we use annual fuel utilization efficiency (AFUE):
- The AFUE of a high-efficiency gas furnace is around 92%.
- The AFUE of a conventional gas furnace is around 65%.
- The AFUE of an electric furnace is 100%.
Now that you’re all warmed up, let’s get into the price of furnaces in Winnipeg:
How Much Does A New Gas Furnace Cost?
The cost of a new gas furnace in Winnipeg is about $5000. Gas furnaces range in price from about $3000 to about $7000, depending on the furnace you purchase, the size of your home, the cost of installation, and other factors.
To reduce the cost of a new gas furnace, we have a few recommendations:
- Buy and install your furnace in the off-season (spring and fall).
- Check for rebates from organizations like Efficiency Manitoba.
- Rent your furnace instead of buying it if you don’t plan on staying in the same home for a long period of time.
Another important factor to consider is the cost of operating your system. While a conventional natural gas furnace will cost less upfront, over time, high-efficiency systems can save you a lot of money—especially if you can take advantage of rebates.
We recommend using Manitoba Hydro’s home heating calculator to see how much you can save over the lifetime of your furnace.
How Much Does A New Electric Furnace Cost?
A new electric furnace in Winnipeg costs less than a natural gas furnace—you can expect a cost of around $3500. You will also need to upgrade your electrical service from 100 amps to 200 amps if you haven’t already—that’s an important cost to factor in.
For most Winnipeggers, the annual energy costs for an electric furnace will far exceed the cost of a gas furnace. While maintenance costs for electric furnaces are much lower, the cost to heat a home with electricity is much higher.
There are still good reasons to get an electric furnace; if you’re generating your own power, you’re concerned about the environment, or you want to lower your maintenance costs, electric furnaces can be an excellent choice.
How Can A New Furnace Save You Money?
Getting a new furnace can save you money through fuel optimization—high-efficiency furnaces convert more fuel to heat, while older models lose a lot of heat to flue gases. You can save hundreds of dollars a year with a high-efficiency furnace—and that’s just the start.
Old furnaces need more repairs; those repairs cost money. You may also see some loss in efficiency due to corrosion, build-up, and other problems. This loss of efficiency usually isn’t drastic (maybe 2% or so), and can be reduced through regular maintenance, but it can have an effect
When rebates are available, you buy your furnace in the off-season, and if you opt for a high-efficiency furnace, you can end up saving a lot of money over time—more than enough to recoup the costs of buying your new furnace.
What Rebates Are Available For Furnaces In Winnipeg?
The rebates available for furnaces in Winnipeg are always changing. At the time of writing, there is:
- A rebate available for Métis homeowners, offered through a partnership between Efficiency Manitoba and the Manitoba Métis Federation
Federal and provincial rebates are always changing—and we track them. Contact us to learn about the rebates that are available!
Looking For A New Furnace? Contact SWK!
For furnace replacement Winnipeg homeowners can rely on, contact SWK Mechanical. We offer a wide range of different furnaces for all budgets and for any size of home. We can help you calculate how much you could save with a new furnace and then install it for you.
