Lennox Gas Furnace Buying Guide – Prices, Reviews and Tax Credits

Note: Note: This article is only talking about gas/propane furnace. If you are looking for oil furnace, you can read our Lennox Oil Furnace Buying Guide.

Before you dive into the specific brand review, we highly recommend you to read our elaborate Gas Furnace Buying Guide in advance. There are several crucial steps you need to take before you even start to think about the brand.

This Lennox gas furnace buyers guide is your one-stop source for researching one of today’s leading furnace lines. You’ll find the comprehensive information needed to decide if Lennox is the brand you want and which model will best serve your home. The US Climate chart below will ensure you select a Lennox furnace that produces cost-effective heating where you live.

Lennox makes ten gas furnaces in three series:

  • Basic – Lennox Merit Series furnaces (ML): Single-stage furnaces with 80% and 90%-plus efficiencies
  • Better – Lennox Elite Series furnaces (EL): Single-stage and two-stage furnaces with 80% models and 90%-plus models
  • Best – Dave Lennox Signature Collection furnaces (SL): Two-stage and modulating furnaces with 80% AFUE models and furnaces up to 98.7% AFUE, currently the most efficient gas furnace made

Lennox gas furnace prices for all models are listed in below list, so you’ll have a good idea of what to expect before you call dealers to get estimates. Now let’s get started! You can check a quick content navigation below:

5 Lennox’s Exclusive Features


This is the necessary function for highest efficient(97%-98%) gas furnaces. Modulating is the key to obtaining beyond 95% efficiency. We recommend this function for those of you who plan on living in your home for a long time in winter. For more details, you can read our previous article: Modulating Furnaces: Are They Worth the Money?

Duralok Plus Heat Exchanger

A heat exchangeris the most important component of any gas furnace. Lennox has installed a Duralok Plus heat exchanger that is made of ArmorTuf steel. The ArmorTuf steel is patented and offers energy efficiencies and reliability. You can find a lot of positive feedback for this heat exchanger online.

Most Efficient Gas Furnace (SLP98V) 98.7 AFUE

The Lennox Signature Collection SLP98V gas furnace achieves a best-in-class 98.7% annualized fuel efficiency (AFUE); just 2.3% of the heat produced is lost with the combustion gas exhaust.

This Lennox gas furnace is built with primary and secondary heat exchangers and condensing technology to capture and transfer more heat than any other gas furnace available today. This superior efficiency level is also achieved in the SLP98V with a modulating gas valve that, like cruise control, runs at the optimal level needed to keep temperatures perfectly balanced without overheating. The variable-speed blower contributes to efficiency by effectively utilizing the heat produced and transferred, never blowing unheated air at the beginning or end of the cycle.

SureLight Ignitor

This is another feature that makes the unit very reliable and durable. Lennox claims the Silicon nitride construction ensures the product lasts for years without regular breakdowns. This might be true, but almost all brands claim their units are reliable and strong.

Related Article: How to Choose Furnace Ignition: Standing Pilot vs. Electric Ignition

SunSource Solar Modules

Imagine heating and cooling your home with a heat pump and having zero energy cost and using no fossil fuel! That’s possible with the Lennox SunSource solar home energy system. SunSource uses 3’x6’ solar modules to capture solar energy and deliver it to a Lennox heat pump or central AC equipped with solar-ready technology. Leftover energy can be used for your home’s electronics and small appliances. The Lennox SunSource system adds $8,000 to $20,000 to HVAC equipment costs depending on the number of panels used, but when savings are considered, it might be worth the investment if your home is in a sunny climate or if green heating and cooling is a top priority for you. Plus, the Residential Renewable Energy Tax Credit is still in effect. It allows you to take a 30 percent tax credit on the cost of a solar system. That’s one more reason to consider going solar!

Model Analysis and Recommendation

ModelAFUEBlower SpeedStageHeat Exchanger Warranty
SL280V80Variable220 Years
EL28080PSC220 Years
EL180E804120 Years
ML19595PSC Motor120 Years
ML19393PSC Motor120 Years
ML18080PSC Motor120 Years

When you’re looking for the most cost-effective heating, the strategy is to find the balance between furnace cost and energy costs. Let’s use the zone map to identify efficiency levels for each that strike that balance:

Suggested AFUE
Cost-effective Models
Zones 1 & 2 (hot)80%
EL180E, ML180
Zone 3 (warm)80%
Zone 4 (moderate)90%
Zone 5 (cool)90%-93%
Zone 6 (cold)92%-95%EL195, ML193
Zone 7 (very cold)95% and upSLP98V, EL296V, EL296E

Note for the short-term house:

Lennox is one of the premium brands with higher initial cost. If you have the plan of moving house in less than 5 years, we recommend installing some quality but low-end level brands like Payne, Ruud or Armstrong. Looking for more budget brands? You can check our gas furnace brands guide.

Contractor Reviews For Lennox

Specific contractor reviews on gas furnaces are very rare due to the wide array of gas furnace models in the market. It is difficult to review all models on reliability and efficiency as most brands will work for years without a problem. BUT we just interviewed Kobie who is the after-sale manager who has 20+ years experience for Lennox, Goodman and Heil furnaces.

I have worked in the commercial and residential HVAC field for many years, and I know that a significant percentage of furnaces failures are as a result of poor installation and very cheap units. The Lennox Merit series has proven to be a piece built on high quality and reasonable price. I have installed this model for my cousin for eight years, and had any major failures. The Lennox gas furnace might not beat the Goodman, the Carrier or the Heil in the price but can do an excellent job of heating and cooling your home. Some consumers have reported the Lennox gas furnaces breaking down almost every year during the winter season. This might be true, but most breakdowns are associated with the poor installation of the units.

-Kobie from Uuder Comfort Heating & Cooling Inc

Note For Lennox Furnace Parts

It is worth noting that all Lennox’s parts are proprietary. The parts are three times as expensive as other parts which you can easily find in the market. So if you choose Lennox Furnace, we strongly recommend you purchase the extended warranty with the labor fee included.

Lennox Gas Furnace Prices By Model

We need to set an equal baseline before we can list the prices for each Lennox model. In this list, each furnace includes the same parameters: 70,000-75,000 BTU with 1000 CFM blower which is the mid-sized home of around 2,000 square feet, 10-year warranty excludes the labor fee.

The Unit Only price is the online wholesale price without shipping fee. The Unit Installation Cost include gas furnace unit, all the material for the house and labor fee.

Unit Only
Unit Installed Cost
Lennox SLP98V$2,350
Lennox SL280V$1,750
Lennox EL296V$1,900
Lennox EL296E$1,950
Lennox EL280$1,700$2,900
Lennox EL195E$1,800$3,450
Lennox ML195$1,800$3,450
Lennox  ML193$1,620$3,200
Lennox EL180E$1,250$2,450
Lennox ML180$1,150$2,350

Lennox Furnace Prices By Size

The cost list below is from an average baseline: Lennox 296E, No New Ductwork, 10-year warranty and average labor fee.

Lennox Furnace Size
For Home Size
Unit Cost With Installation
Lennox 40,000 BTU600-1000 sf
Lennox 50,000 BTU800-1200 sf
Lennox 60,000 BTU1000-1400 sf
Lennox 70,000 BTU1200-1600 sf
Lennox 80,000 BTU1400-1800 sf$3,600-$3,790
Lennox 100,000 BTU1800-2300 sf$4,090-$4,280
Lennox 120,000 BTU2300-3000 sf$4,500-$4,750

Submitted Prices and Reviews by Visitors

We will update this table every 3-6 months and you may not see your submitted review immediately. Only fake and unreasonable submitted information will be filtered. (Last Update: 29th December, 2017)

Brand & Model & Size
Home Location
Home Size
$1,739 unit onlySLP98VVancouver B.C.2500 sqft
I did a replacement of a twelve-year-old York gas Furnace with my Dave Lennox model. The old furnace had cracked the heat exchanger causing the unit numerous repairs at a very high cost. I did my research on Lennox and chose this model because of its high efficiency, and the price is manageable as well given the good performance. The furnace is quiet during operation not like the York that I had before which was too noisy. The unit has run without flaws so far for one year, and I have not done any repair or replacement, am happy with it. I would recommend this brand to any person who wants a top notch furnace at a manageable price
$1,899 unit onlySignature SL280VWilmington DE1900 sqft
My son bought this Signature SL280V Lennox gas furnace about two years ago. It’s a heavy duty furnace and an energy star rated which makes it admirable. The disadvantage I see on this furnace is the much difficulty I had during the installation process. I was forced to keep my pockets and pay a technician to do the installation which was done perfectly well that I think it was somehow worth it. The warranty is impressive, and the heat exchangers are of high quality. The price is worth the results you get from the real performance of the unit. I am yet to have any problems with my unit, and I don’t hope for any problems soon. Lennox is the brand to choose.
$3,450 installedLennox 45,000 BTUCanada1600 sqft
As a contractor, I have worked with Lennox for quite a long time. Personally, I have installed two units of this brand for myself and tens of customers in different places. I sell Lennox furnaces because they are durable and rarely break. As long as the installation was performed well, then your furnace will operate and serve you for long without needing repairs and replacements. The price is just fine, be considering the high efficiency of this unit. I would recommend this to many of my customers and anyone else who needs a gas furnace that will last long and give you value for your money.
$3,990 installedElite G60New York2400 sqft
I bought Dave Lennox Elite G60 series last year after my mum suggested that I try this brand. My unit runs perfectly from the first day and no repairs or replacements so far. The warranty is excellent. The furnace warms the house evenly, and my gas bill has gone down during the time I have had this furnace.
$4,230 installedLennox 70,000 BTUHelena, Mt2600 sqft
After numerous research for the best gas furnace regarding price and performance finally settled for this model. I met a contractor who took me through all the specifications of this model and then installed the unit for me. My experience with Lennox has been great, and I would buy this brand again and again. I have had my f for five years now, and no single repair plus the unit runs quietly that you cannot notice whether it’s functioning or not. You know what he was right; I haven’t had a problem with mine for years.
$5,300 installedMerit ML180Port Williams Canada2800 sqft
 Installed in 2014 and the price is a little high compared to your website price list. So far the performance is fine.

How to Get the Best Lennox Gas Furnace Prices

  • Firstly, keep in mind that installation quality is always the most important thing for a gas furnace project. So never sacrifice contractor quality for lower price.
  • Secondly, remember to look up the latest tax credit and rebates.
  • Thirdly, ask for at least 3 bids before you make the decision. You can click here to get 3 free estimates for your local contractor, and this estimate already takes rebates and tax credit into consideration and filter unqualified contractors automatically.

Lastly, once you chose the right contractor, remember to use the tactics from this guide: homeowners tactics when negotiating with HVAC dealer to get the final best price.

Feel free to ask any question by leaving a comment. We will answer any question with actionable tips.

1 comment… add one
  • I have a Lennox G14 pulse furnace installed in 1990. It has been serviced regularly but it’s starting to show signs of its age – blower noisy, the pulsing sound when it is running isn’t as steady…..As I am the original owner and only recently learned that Lennox had a recall program (which the “premiere” Lennnox dealer never informed me about), I was wondering if there is a way that I could get a substantial credit ($500) for this oversight on the dealer’s part without the contractor marking up the new unit


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