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  1. Mar 9, 2024 · How Much Does an Oil Furnace Cost? An oil furnace typically costs between $5,000 and $7,000, with some high-efficiency models reaching up to $10,000. For those considering a replacement, the average cost is similar to other furnace types and ranges from $3,500 to $6,000 .

  2. May 23, 2024 · On average, Canadians spend about $135 monthly to keep their homes warm. Heating a home with natural gas costs about $160 during the colder months, while electric heating is a bit cheaper at $110 per month.

  3. Jan 25, 2024 · Homeowners who are fully heating on oil and switch from an oil furnace to an eligible heat pump system could save approximately $1,500 to $4,500 per year on their home energy bills.

  4. Use our quick and free furnace cost calculator to get an estimate on how much your new propane or natural gas furnace will cost, including installation.

  5. May 15, 2024 · Standard replacements can cost $500 to $1,500 CAD, while complex installations may incur higher expenses. Additional costs include oil tank installation ($1,000 to $2,500 CAD), ductwork modifications ($15 to $40 CAD per linear foot), electrical work, and removal and disposal of the old furnace.

  6. How Much Furnaces Cost. Types of Furnaces. Maintenance & Repair. Furnace Basics. In the following section, we discuss the common subjects and terms you will encounter while researching and purchasing a furnace. We also discuss when to replace your furnace or HVAC unit, what size furnace you need, and furnace efficiency ratings. How a Furnace Works.

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  8. Oct 28, 2023 · The Canadian government recognizes the importance of this shift and has introduced the Oil to Heat Pump Affordability Program (OHPA) as part of the Canada Greener Homes Initiative to make this transition smoother and more affordable for homeowners. Step-by-Step Process: