As a well-known mid-range brand, Rheem offers its customers an extensive range of furnaces, heat pumps, furnaces, water heaters, and other products. Rheem is known for its quality products and affordable prices for HVAC equipment, making the company a strong contender for homeowners in search of a new furnace.
Most homeowners pay an average of $4,500, or between $4,100 and $4,960, for an installed Rheem furnace. Your total cost will depend on the specifics of your home.
If you’re in the market for a new furnace and are considering Rheem’s lineup, here’s what you should expect from the cost aspect.
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- Rheem furnaces tend to cost in the middle of the pack in the HVAC industry.
- Efficiency ratings are generally high on most furnace models.
- Regular maintenance can help you save money in the long run.
Rheem Furnace Cost
While the average cost falls around $4,500, your price may be higher or lower based on factors specific to your installation, such as the model you choose, installation difficulty, and the contractor that does the work.
Rheem Furnace Cost by Model
The model you choose makes a significant difference in the final cost of your Rheem furnace. Generally, models with lower efficiency ratings cost less than their more-efficient counterparts, so you can expect to pay more for highly efficient models, disregarding other factors like additional features.
Rheem carries three series that offer different efficiencies and features in their models:
- Prestige Series: Top-of-range models with efficiencies between 80% and 98% AFUE and two-stage and variable-speed blowers (depending on model). Several models are equipped with EcoNet (Rheem’s smart thermostat system).
- Endeavor Series: New low-emissions series with efficiencies up to 98%, variable-speed blowers, and modulating gas valves. Many models are EcoNet-enabled.
- Classic & Classic Plus Series: More-affordable models with 80% to 96% AFUE and one-stage and two-stage blower motors (depending on model)
The chart below (with efficiency measured in AFUE – Annualized Fuel Utilization Efficiency) outlines the average installed cost ranges for Rheem’s furnaces.
|Model||Efficiency Rating||Installed Cost|
|Prestige R98V||98% AFUE||$5,300 to $6,400|
|Endeavor R98MV||98% AFUE||$5,000 to $6,400|
|Prestige R97V||97% AFUE||$5,200 to $6,300|
|Endeavor R97MV||97% AFUE||$4,800 to $6,000|
|Prestige R96V||96% AFUE||$5,100 to $6,100|
|Endeavor R962V||96% AFUE||$4,800 to $5,700|
|Classic Plus R96T||96% AFUE||$4,700 to $5,500|
|Endeavor R951T||95% AFUE||$4,300 to $5,200|
|Endeavor R951V||95% AFUE||$4,300 to $5,200|
|Classic Plus R95T||95% AFUE||$4,500 to $5,200|
|Endeavor R921T||92% AFUE||$3,600 to $4,600|
|Endeavor R921V||92% AFUE||$3,600 to $4,600|
|Classic R92T||92% AFUE||$3,500 to $4,500|
|Classic Plus R92T||92% AFUE||$4,000 to $4,800|
|Prestige R802V||80% AFUE||$5,000 to $6,000|
|Endeavor R801T DZ||80% AFUE||$2,600 to $3,900|
|Endeavor R801V DZ||80% AFUE||$3,200 to $4,100|
|Endeavor R801V||80% AFUE||$3,200 to $4,100|
|Endeavor R802V UH||80% AFUE||$3,200 to $4,100|
|Classic R801S||80% AFUE||$2,500 to $3,800|
|Classic R801C||80% AFUE||$2,500 to $3,800|
|Classic R801T||80% AFUE||$2,600 to $3,900|
|Classic Plus R801T||80% AFUE||$3,100 to $4,000|
|Classic Plus R802T||80% AFUE||$3,300 to $4,100|
Looking to learn about how the brand’s air conditioner costs compare to its furnaces? Read our Rheem AC unit cost guide.
Rheem Furnace Cost Vs. Competitors
|Premium Unit Cost||$4,300 to $6,400||$4,000 to $6,500||$5,800 to $7,000|
|Low-End Unit Cost||$2,500 to $3,800||$2,000 to $3,500||$3,300 to $4,000|
|Top Efficiency Rating||98% AFUE||97% AFUE||99% AFUE|
|ENERGY STAR Units Available||Yes||Yes||Yes|
Factors That Impact Rheem Furnace Costs
The cost of your Rheem furnace might be drastically higher or lower than someone else’s, as each installation is different due to unique factors. The cost may climb or drop based on numerous factors, including efficiency rating, installation difficulty, and fuel type. Below are the factors that may impact the cost of your Rheem furnace.
The efficiency rating is an essential consideration when weighing your furnace options. More- efficient units generally cost more, whereas less-efficient units are typically more affordable.
As of 2015, the U.S. Department of Energy (DOE) requires all furnaces manufactured after January 1, 2015, to have efficiency ratings of 78% AFUE or higher. Since these are requirements, every furnace you see on the market today has energy efficiency ratings that meet or surpass these ratings, but some boast efficiency ratings of up to 99% AFUE. However, Rheem’s most efficient unit tops out at 98% AFUE.
If you decided to purchase one of Rheem’s most efficient units, the Endeavor Line model R98MV (98% AFUE) or Prestige Series R98V, you could expect to pay between $5,300 and $6,400 to have the unit installed. Or, if you opted for one of Rheem’s least efficient units like the Classic R801T, you could expect to pay between $2,500 and $3,900.
Of course, the efficiency rating is only part of the picture, so costs may vary based on other factors specific to your installation.
Installation and Labor
The cost of the installation and labor make up a substantial portion of the final purchase price for a new furnace. Most homeowners pay between $2,400 and $3,700 for installation, which alone surpasses the cost of many of Rheem’s units.
Costs vary drastically based on the installation difficulty. For example, if your home requires new ductwork, you can expect to pay on the higher end of the spectrum, if not more. Conversely, if your home simply requires a new furnace to replace the old one, the cost will likely be on the lower end of the spectrum.
Location and Climate
As you consider your options for your next furnace, it’s important to consider your location and climate. These factors play an essential role in determining the best fit for your home, as some locations and climates demand more efficient units to maintain a comfortable temperature.
Generally, it’s best to buy a furnace with an efficiency rating of 90% or higher if you live in the Northern United States. This portion of the U.S. is more prone to extreme temperatures throughout the winter months, so more efficient units are necessary to ensure houses remain comfortable.
Conversely, if you live in the Southern U.S., you don’t need as efficient a furnace. This area usually experiences mild winters with relatively high temperatures, so highly efficient furnaces are unnecessary, as they won’t need to contend with extreme cold to maintain a comfortable temperature.
So, if you live in the Northern U.S. and decide to buy a furnace with a 92% AFUE rating, like the Classic R92P, you can expect to pay around $4,000. Conversely, if you live in the Southern U.S., a furnace like the Classic R801T with an 80% AFUE and a cost of between $2,500 and $3,900 will do.
Maintenance and Repair
As with any HVAC system, a furnace requires routine maintenance to ensure everything is functioning as it should. Keeping a routine maintenance schedule can help skirt potential issues by catching them before they require expensive repairs, so it’s usually well worth it to spend the money on annual service appointments.
Ideally, you should service the furnace at least once a year to ensure the unit is in peak operating condition for the upcoming heating season. On average, homeowners pay $750 to service their furnaces and between $300 and $1,200 for repairs. Repair costs tend to be more expensive on high-efficiency units.
The size of your furnace plays a significant role in the final cost of the system. The bigger the furnace, the more expensive it will be. So, if your home is larger or you live in a more extreme climate, you’ll likely pay more for your furnace.
Rheem’s larger units fall on the more expensive end of the spectrum, leaning toward the $6,000 mark installed, whereas smaller units are less expensive, tipping toward the $3,000 installed mark. Of course, cost will depend on multiple factors, as certain models are pricier than others and can tip the scales toward a higher number.
In general, you need about 30 BTU (British thermal units) of heating output per square foot of living space. So, if you live in a 1,000-square-foot home, you’ll need 30,000 BTUs of heating output. However, this doesn’t account for factors that can affect the correct unit size, like drafty windows or poor insulation, so the correct system size might vary.
If the system is too large, you might notice inconsistent temperatures, abrupt temperature fluctuations, and repeated on/off cycles that wear the system down. On the flip side, an undersized system will have to work overtime to keep your home at a consistent temperature, potentially running your furnace to an early death. So, it’s essential to choose a properly sized system.
The U.S. Department of Energy (DOE) advises homeowners to insist their contractors use the Air Conditioning Contractors of America (ACCA) Manual J to calculate their system size. This calculation accounts for factors that might affect the system size like high ceilings, drafty windows, and poor insulation.
Rheem offers natural gas and propane furnaces, allowing customers to choose the option that best fits their needs. In general, propane is more expensive than natural gas. However, natural gas burns twice as fast as propane, so you’ll blaze through more gas to heat your home than you would with a propane system.
As you consider your options, it’s important to consider the fuel type. Some folks might not have access to natural gas lines in their area, so propane might be the only option. Ultimately, you should choose the option that works best for your home based on the utilities available to you.
Rheem offers different warranty terms for its three series. To recap, the Prestige series contains the top models, the Endeavor series has the mid-tier units, and the Classic and Classic Plus series includes more cost-effective gas furnace models. Here is how their warranties differ:
|Series||Rheem Prestige Series||Rheem Endeavor Series||Rheem Classic Plus Series||Rheem Classic Series|
|Conditional Parts Warranty||10 years||10 years||10 years||10 years|
|Heat Exchanger Warranty||Lifetime (for the majority of models)||Lifetime (for the majority of models)||Lifetime limited (20 years for some models)||20 years (some models have lifetime limited)|
|Conditional Unit Replacement||Available with some models||Available with some models||N/A||N/A|
How To Save on Rheem Furnace Costs
Although Rheem gas furnaces aren’t the most expensive options on the market, they’re not the most budget-friendly pick either. So, to help cut costs associated with your Rheem furnace, try the following energy saving tips:
- Maintenance: Routine maintenance is crucial to keep your Rheem furnace up and running properly. Without regular upkeep, things can pile up, leading to expensive repairs. So, ensure you service the system at least once a year and handle repairs as they arise.
- Upgrade: Replacing an old, worn-out furnace with a new, highly efficient unit can make a world of difference in your utility bills. While you’ll still have to cough up the funds for the initial cost, you’ll likely save money in the long run with a more efficient system. So, pay attention to your utility bill after the switch and revel in the drop.
- Financial incentives: If you’re upgrading to a new, more-efficient unit, talk to your accountant about available tax credits. In some cases, you might be eligible for tax credits as a result of the upgrade. In addition, keep an eye out for rebates and discounts, as some dealers and brands offer them periodically. Availability varies based on the brand or dealer, but it doesn’t hurt to ask.
- Shop around: Some HVAC contractors offer lower rates or better deals than others, so before you commit to one, shop around. Obtain quotes from a few local contractors and compare your options before picking one to ensure you get the best deal.
So, are Rheem Furnaces Worth the Cost?
A Rheem furnace might be the perfect solution to complete your home’s HVAC system. While these systems fall mid-range in the grand scheme of pricing, they’re certainly not the most budget-friendly options. Most homeowners pay around $4,500 or between $4,100 and $4,960 for their Rheem furnaces, but costs may vary based on factors specific to you.
Remember, it doesn’t hurt to shop around to ensure you get the best price. So, consult a few local HVAC contractors to secure the best deal.
FAQs About Rheem Furnace Costs
Are Rheem furnaces expensive?
Rheem furnaces aren’t the most budget-friendly pick on the market, but they’re not the most expensive option either. They fall about mid-range in price, with most homeowners paying around $4,500 for an installed Rheem furnace. Of course, the cost varies based on factors specific to your installation, so you might pay more or less.
Is Rheem a good brand of furnace?
Rheem is a well-known HVAC system brand that regularly ranks among the best in the industry. The company is known to offer good-quality products at a reasonable price, providing models suited to every climate and budget.
How much is a new furnace for a 2,000-square-foot home installed?
The cost of a new furnace for a 2,000-square-foot home hinges on numerous factors, including the brand, model, efficiency rating, and more. That said, most homeowners pay between $3,300 and $6,500 for a furnace for a home of this size. Of course, costs may vary drastically based on factors specific to your home, so you might pay more or less for your furnace.
What is the price for a new furnace and installation?
The cost of a new furnace and installation varies based on multiple factors, including the brand, model, home size, and efficiency rating. The national average cost of a new furnace with installation falls between $4,800 and $9,300, although costs might be higher or lower based on factors specific to your home.