Furnace Price Formula:
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Definition: This calculator estimates the total price of a heating furnace based on its BTU rating, price per BTU, and installation costs.
Purpose: It helps homeowners and contractors budget for heating system installations and compare different furnace options.
The calculator uses the formula:
Where:
Explanation: The BTU rating is multiplied by the price per BTU to get the base equipment cost, then installation is added.
Details: Proper price estimation ensures budget accuracy, allows for cost comparisons between different models, and helps with financing decisions.
Tips: Enter the furnace's BTU rating, price per BTU (default $0.0003/BTU), and installation cost (default $1500). BTUs must be > 0.
Q1: What's a typical price per BTU?
A: Most residential furnaces range from $0.0002 to $0.0005 per BTU, with $0.0003 being average.
Q2: How do I find my furnace's BTU rating?
A: Check the manufacturer's specifications or model number (often contains BTU info).
Q3: What affects installation costs?
A: Ductwork modifications, fuel type (gas, electric, oil), and local labor rates impact installation.
Q4: Should I include taxes in the installation cost?
A: Yes, include all taxes and fees in the installation amount for accurate total pricing.
Q5: Does this include maintenance costs?
A: No, this calculates purchase and installation only. Annual maintenance is extra.