In this guide, you’ll find the average prices for a wood furnace. Several factors go into how much a wood furnace costs, including the type of unit you select and its location in your home. You have several things you must consider when choosing a wood furnace or boiler, including if you want it inside or outside of your home, if it’s going to be your primary heat source, and if you’re going to use your existing ductwork during installation.
How much does a wood furnace cost?
Here, we’re going to discuss the average wood furnace prices and wood boiler pricing, wood furnace installation costs and the cost of a new unit versus a replacement.
Wood furnace prices
Wood furnace prices typically range between $2,620.99 and $12,494.97, depending on the type you select. For example, wood boiler costs seem to fall in the middle, with unit pricing starting at $5,260.00. The wood boiler pricing here doesn’t include the cost of installation.
When you’re researching outdoor wood boiler pricing, you’ll find that those costs range between $3,480 and $8,780 for units without installation costs. You can also find outdoor wood boiler costs for as much as $25,000 that are optimal for commercial and residential use.
According to High’s Chimney Service, wood furnace installation cost will average between $3,000 and $5,000. If you have a professional installation into your existing chimney, you may see a reduction in this cost. That doesn’t account for the cost of ductwork installation.
However, when you’re looking at outdoor wood boiler installation, those costs can be as high as $12,000. Factors for this increase include the distance the wood boiler installation is from your house, as well as how many appliances it will run.
New vs. replacement costs
According to the Environmental Protection Agency’s information regarding wood-burning appliances, the wood furnace costs for replacement vary according to its size and features. These factors are the same regarding outdoor wood furnace installation. Typically, these replacement prices range from as low as $750 to as high as $3,500. You’ll find that wood furnace replacement installation costs also vary. That pricing ranges from $600 to $1,200, depending on if you need a new chimney flue.
In terms of wood furnace pricing for repairs, these costs can range between $20 if you need a new gasket to up to $5,000 if your chimney needs a new liner. If outdoor wood boiler costs or wood furnace costs for repairs exceed $2,000, then it might be time for a replacement. The recommendations for replacing a wood furnace or boiler are if:
- Your model is older than ten to fifteen years
- You’ve converted the original design’s fuel
- It has an AFUE rating falling below 80%
Factors that affect wood furnace prices
A broad range of factors affect wood furnace costs. Some of them include:
- The type of wood you’re burning
- Size of the unit
- If it has advanced features
- Your type of home
- If you have professional installation
- Your location
Costs to run a wood furnace
Here, we will go into further detail regarding what it will cost to run this type of furnace and what factors go into wood furnace prices.
Your wood furnace’s efficiency is dependent upon the type you buy, its location in your home, the kind of wood you’re burning, where you buy it and the burning techniques you’re using. The chimney also affects the furnace or boiler’s efficiency. Here are some of the factors to keep in mind to ensure the highest efficiency:
- A chimney that’s at least twelve-feet height or more
- No less than seven feet of stove pipe with two elbows or less
- The furnace or boiler has the correct sizing for your type of home
- Use of dry wood that’s split into small pieces
- Ensuring there’s proper draft
Maintenance costs could range between a minimum of $53.00 to a maximum of $900, with the average price ranging between $160 to $268. Higher-end pricing will require you to call an HVAC specialist to perform an inspection and any resulting repairs.
Costs to run per year
The annual price for running a wood furnace or boiler depends on a broad range of factors, the first being the wood. If you select a high-efficiency wood boiler or furnace, expect it to burn at least one cord of wood per season. In southern parts of the United States, the price for cords of hardwood vary according to season. For example, in the spring, you’ll see pricing that ranges from $150 to $200. From summer into winter, those costs will increase to between $250 and $300. If you’re living in a northern state, prices vary according to the season and supply. So, you’ll see these costs ranging between $300 and $400 per cord.
Additional costs to consider
When choosing a wood furnace or boiler, there are other costs you must consider that are unique to this form of heating. They include the following:
Sometimes you can find a wood furnace that will install into your existing ductwork. However, as many as 70% of homeshave ductwork with poor installation. Costs for having new ductwork installed professionally vary between $175 and $400 per duct run, depending on your home.
Home insulation efficiency
If your home doesn’t feature the highest-quality home insulation, then you’re letting money go out the window. When you’re having a room re-insulated, those costs could run between $650 and $1,000. On the low-end, if you’re installing batts into new construction, those costs range between $200 and $500. On the high-end, if you’re spraying foam installation into an existing structure, those prices range between $2,000 and $3,000.
Typically, a home insurance company will offer coverage for wood-burning boilers or furnaces as long as they meet the company’s criteria. The home insurance provider sets this criterion. Sometimes, home insurance providers will only offer coverage if the wood-burning furnace has professional installation.
That way, you can provide documentation to the company stating that the furnace is safe. Some insurance companies also request certification proving an inspection occurred for safety and defects. Expect wood furnace costs for insurance to include a higher premium.
However, this increase usually isn’t substantial. The main reason is that wood-burning furnaces typically cause more residential fires. If your provider decides to list the boiler or furnace as a heating appliance, like a space heater, for example, there’s less chance you’ll see an increase in your premiums.
As you can see, there is a broad range of factors to consider when picking a wood furnace or boiler. That includes how much wood you’re going to burn, if you need to replace your existing ductwork and if your home features the highest-quality insulation efficiency.