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If you want to convert from an electric furnace to a gas furnace, you will need to have gas piping and ductwork installed first. This will add an additional up-front cost to the furnace and installation process of around $5,000 to $15,000 or more depending on the space.
Fair Furnace Installation Cost Range: $2,000 â $5,000. What this furnace installation cost range implies is that if you used a reasonably priced furnace, like Goodman, and your job is relatively straightforward. So, if you choose a reputable contractor, then you can expect to pay in the $2,500 range for a new furnace. If, however, you choose an expensive brand, such as Lennox or Trane, or if you have a difficult job, or a pricy contractor, then your furnace installation cost might be closer to $5,000.