Your furnace is literally the powerhouse behind your home’s heating and cooling system, and furnaces aren’t one size fits all. Today we will walk through the different types of furnaces to help you choose the right one for your home.
Natural gas furnaces are highly economical. While older gas furnaces were only about 65% efficient on average, newer gas furnaces can be up to 98% efficient. Natural gas is also, the most popular way that Americans heat their homes; nearly half the country currently uses this energy source. However, usage varies widely by region.
Oil furnaces are most commonly found in the northeastern United States. They are slightly less efficient than gas furnaces, typically between 80-90%, but the upfront cost is lower. Natural gas furnaces can cost up to 25% more to purchase.
Propane is a byproduct of oil and gas production. It’s easily stored in tanks and used by almost 10% of U.S. households. This is a great option if gas and oil aren’t readily accessible in your area.
Electric furnaces are the cheapest to purchase and are easier to install and typically last up to 10 years longer. But with the cost of electricity much higher than gas, you’ll pay for the difference with your monthly energy bill.