Your furnace plays a key role in keeping the temperature inside your home stable and comfortable when temperatures outside start to drop. In some parts of the country, it can be cold enough to be dangerous inside your home if your furnace is not working. If your current furnace is in disrepair, if it is old, or if it simply does not meet your heating needs, it may be time to consider a replacement. Here are three things that you should know about furnace replacement. 

1. When to Replace

The first thing that you will need to consider is when furnace replacement is necessary. If you are in constant need of furnace repairs, it may be more cost-effective to replace your current furnace with a new model. Age can also play a role in your decision. While modern furnaces easily last between 20 and 30 years, older models may need replacement sooner. A good rule of thumb is to start thinking about furnace replacement once your system reaches 15 years or older. If your system is not heating well, if there are strange sounds or smells coming from the furnace, or if there are any other signs that it may be malfunctioning, replacement may be on the horizon. 

2. Your Options

If furnace replacement is something you are considering, it's important to look into your options in order to determine which type of furnace will work best for your heating needs. There are various types of furnaces to choose from. Furnaces powered by natural gas are the most popular option and work well in many climates. Oil furnaces are still an option in many places, and electric and geothermal options are also available. Energy-efficient options are also available and can help you save on heating bills.

3. The Cost

When it comes to furnace replacement, the cost of your new furnace will vary depending on the type of furnace you choose, and your home's heating needs. On average, a new furnace will range in price between $2,539 and $6,116. Costs can vary greatly depending on the type of furnace you choose. Gas furnaces range between $2,000 and $10,000 while oil costs between $4,500 and $7,000. Geothermal can be pricey, ranging between $3,000 and $30,000. 

If you are looking into furnace replacement, there are a few key things to know. First, knowing when to replace is key. If your furnace is older, in bad shape, or simply not heating your home well enough, it may be time for a replacement. There are a variety of furnace types to choose from, and you will want to look into your options carefully before making a decision. Costs can vary, but most furnaces will set you back a few thousand dollars. 

Contact a company like Colorado Discount Heating and Cooling today to learn more.