Finding out you need a new HVAC system can be a surprise, especially to your wallet. You need to consider the cost when choosing a new air conditioning or heating system for your home.

On average, Virginia homeowners can expect to spend around $7,500 on a new HVAC system in 2024. This cost can fluctuate based on various factors, including the type of system, installation complexity, and energy efficiency ratings.

With rising equipment costs and evolving technology, understanding what drives the price of a new HVAC system can be confusing. Here, we’ll break down the factors that affect HVAC costs in Virginia in 2024 so you can make an informed decision when it’s time for an upgrade.

Central Air Conditioner Costs in 2024

Central air conditioners are the most common cooling system in the U.S. They work by circulating cooled air through a network of ducts in your home.

A modern central air conditioner typically lasts 15 to 20 years. In 2024, the cost of installing a new one in Virginia can vary between $3,900 and $7,900. If your unit is at least 15 years old, you might want to consider an AC replacement.

Furnace Costs in 2024

Furnaces are similarly the most popular heating systems. They use a gas burner or electric heating element to heat air that’s distributed through ductwork to rooms throughout your home.

A well-maintained furnace can last 15 to 20 years. In 2024, a new furnace in Virginia will range between $1,700 and $10,000.

Alternative HVAC System Costs

For those looking for alternative heating and cooling options, there are several HVAC solutions available:

• Ductless mini-splits cost between $2,000 and $14,500 and last 15 to 20 years.
• Air-source heat pumps cost between $4,500 and $8,000 and last 10 to 20 years.
• Geothermal systems cost between $4,450 and $24,450 and last 25 to 50 years.
• Boilers cost between $3,700 and $8,300 and last 15 to 30 years.

Factors That Affect HVAC System Costs

Fuel Type

The type of fuel your system uses — whether electricity or natural gas — can significantly impact the initial installation cost and long-term operating expenses.

Natural gas systems are only for heating. They provide fast, strong heat and are less expensive to operate, but they may have a higher upfront cost than electric systems.

Electric systems can provide heating and/or cooling. They’re also safer and more environmentally friendly.

Unit Size

The size of your HVAC unit is another important factor in determining overall cost. Measured in tons or British Thermal Units (BTUs), the size you need depends on your home’s square footage and insulation levels.

An HVAC unit that’s too small will struggle to heat or cool your home while an oversized unit can lead to inefficiency and higher energy bills.

Efficiency Rating

Efficiency ratings measure how effectively your system uses energy:

• SEER (seasonal energy efficiency ratio) measures cooling efficiency for central ACs, air-source heat pumps, and ductless mini-splits.
• EER (energy efficiency ratio) measures cooling efficiency for geothermal systems.
• HSFP (heating seasonal performance factor) measures heating efficiency for air-source heat pumps and ductless mini-splits.
• COP (coefficient of performance) measures heating efficiency for geothermal systems.
• AFUE (annual fuel utilization efficiency) measures heating efficiency for furnaces and boilers.

Higher efficiency ratings usually mean a higher upfront cost, but they tend to save money on energy bills in the long run.

Brand

While the brand of your HVAC system can affect cost, the quality of installation is just as important.

No matter the brand, a poorly installed system won’t perform efficiently. Always choose experienced, certified technicians to install your HVAC unit to ensure its longevity and efficiency.

Ductwork

If your home’s ductwork needs repair or replacement, this will add to the overall cost. Properly sealed and insulated ducts are essential to maintain your system’s efficiency.

Labor & Installation

The cost of labor and installation can vary widely depending on the job’s complexity.

It’s critical to choose a reputable company that stands behind their work with satisfaction guarantees and high-quality craftsmanship, like the team at United Air Temp.

Rebates

You can offset the cost of a new HVAC system with rebates and tax credits. This is all thanks to the Inflation Reduction Act, which aims to implement cleaner energy while helping homeowners offset costs.

The Home Electrification and Appliance Rebates Program and the Home Efficiency Rebates Program incentivize installing energy-efficient HVAC systems by providing point-of-sale rebates. Tax credits reduce your income taxes.

Choose United Air Temp for Your HVAC Replacement

At United Air Temp, we know investing in a new HVAC system is an important decision. That’s why we’re committed to offering the best customer service available to help you decide on the right unit for your home.

We’re known for our free estimates, upfront pricing, highly trained technicians, and transparent communication. If the cost of a new unit seems overwhelming, we have financing options available.

Ready to purchase a new HVAC system and want more information? Contact the team at United Air Temp today.