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How Much Can You Save Monthly by Upgrading Your Furnace?

Writer: Jordan LandonJordan Landon

Updated: Jan 24




At Over the Top Heating & Cooling, we understand how frustrating high energy bills can be, especially during the colder months in Edmonton, Spruce Grove, and Stony Plain. If you’re still relying on an outdated furnace, it’s time to consider an upgrade. A high-efficiency furnace can significantly lower your monthly heating costs, giving you both comfort and savings.

Here’s how upgrading your furnace can impact your budget and why it’s a smart investment.

1. Save with an Energy-Efficient Furnace

Older furnaces often operate at 60-80% efficiency, meaning up to 40% of your heating costs are wasted energy. In contrast, modern furnaces with an Annual Fuel Utilization Efficiency (AFUE) rating of 90-98% ensure you’re getting the most out of every dollar.

  • Real Savings Example: If your current heating bill is $200/month, upgrading to a 95% efficient furnace can save you $30-$50 every month—or up to $600 per year.

Pro Tip: At Over the Top Heating & Cooling, we specialize in installing high-efficiency furnaces that deliver long-term savings for Edmonton homeowners.

2. Lower Heating Costs in Edmonton and Spruce Grove

Energy-efficient furnaces use less fuel to maintain a warm and cozy home, which directly reduces your heating bills. Homes in Edmonton and surrounding areas like Spruce Grove face long winters, making these savings especially valuable.

  • Average Monthly Savings: Many homeowners in Alberta see savings of $25-$50 per month after upgrading their furnace.

3. Say Goodbye to Frequent Repairs

Older furnaces are prone to breakdowns, which can cost hundreds of dollars each year. By upgrading to a new furnace, you can eliminate costly repair bills while enjoying reliable heating.

  • Savings Highlight: Avoiding just two repair calls per year (around $150 each) saves an additional $25/month over the furnace's lifespan.

4. Take Advantage of Furnace Rebates and Incentives

Did you know you may qualify for rebates and energy incentives when upgrading your furnace? Many programs in Alberta reward homeowners who switch to energy-efficient heating systems.

  • Your Local Expert: At Over the Top Heating & Cooling, we’ll help you find and apply for any rebates available in the Edmonton area, ensuring you maximize your savings.

5. Consistent Heating Without Extra Costs

Upgrading your furnace improves the efficiency of your entire home heating system. With even temperatures throughout your house, you’ll no longer need space heaters or other supplemental heating.

  • Eliminate Extra Costs: If you’re spending $20/month on space heaters, a furnace upgrade can save you even more.

Monthly Savings Breakdown

Let’s look at a typical example:

  • Energy Bill Reduction: $50/month

  • Fewer Repairs: $25/month

  • No Space Heaters: $20/month

Total Monthly Savings: $95That’s over $1,100 annually—money that stays in your pocket.

Why Choose Over the Top Heating & Cooling?

When it comes to upgrading your furnace, trust the experts at Over the Top Heating & Cooling. As a local, licensed, and insured journeyman serving Parkland County, Edmonton, Spruce Grove, and Stony Plain, we provide:

  • High-efficiency furnace installations

  • Expert advice on energy savings

  • Support with rebates and financing

Start Saving Today

Ready to cut your heating costs? At Over the Top Heating & Cooling, we make upgrading your furnace easy, affordable, and stress-free. Contact us today to schedule a free consultation and discover the best options for your home.

Call or text us at 1(780)910-9719 to get started. Your monthly savings are just a phone call away!

FAQs About Furnace Upgrades

Q: How long does it take for a new furnace to pay for itself?A: With monthly savings of $50-$100, many homeowners see a return on investment in as little as 5-7 years.

Q: What’s the best furnace for my home?A: It depends on your home size and heating needs. We can recommend high-efficiency models perfect for homes in Edmonton and Spruce Grove.

 
 
 

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