The HVAC system is one of the most crucial appliances in your home. It keeps your family safe and comfortable year round. But a new unit can be costly. In this article, we’ll explore how to budget for a cost-effective HVAC installation.

Your budget should factor in the cost of a new system, the installation, and any required maintenance. You’ll also want to consider the costs of any additional equipment, such as ductwork. A new air conditioner can cost $4,000 to $15,000, while a furnace will range from $5,000 to $12,000.

Your home’s size and layout will impact the size of your HVAC system. A 2,000-square-foot home will need a larger AC and furnace than a 900-square-foot house. The insulation in your home can also influence the size of your heating and cooling system. Poorly insulated homes require more energy-efficient systems to keep temperatures comfortable.

You should also factor in the efficiency professional HVAC installers of your new unit. A more efficient HVAC system will save you money in energy costs in the long run. The Department of Energy has an efficiency rating that you should use when selecting your unit. The higher the efficiency rating, the more you’ll pay up front, but you’ll save on utilities in the future.

If you’re installing a new HVAC system in an older home, it may be necessary to install ductwork. Depending on the type of ductwork you choose, and how extensive it is, this can add between $500 to $1,000 to the total project cost.

You’ll also need to consider the costs of a new thermostat, especially if you opt for a smart or programmable model. These models generally cost between $120 and $260, but they can have a significant impact on your overall HVAC system price.

Another potential addition to your project is a refrigerant recovery and disposal fee. This is because a professional must handle the refrigerants during the installation process. Unless you’re licensed to do so, you should let a trained technician take care of this for you.

If you can, schedule your HVAC installation during the off-season to save money. Contractors are less busy during this time, so they’re more likely to offer discounts. You should also check to see if your state or local utility company offers rebates on new HVAC systems. If they do, submit them along with any manufacturer rebates you find to get the best value from your investment. You can also look for discounts from warehouse clubs or Angie’s List. Some manufacturers also offer financing, so check their website to see what’s available.