Goodman furnaces are one of the cheapest residential gas furnaces in the United States, with the installed price usually between approximately 2,100 and 6,300 dollars by 2024. The average cost of the furnace unit (without labor) is about 900 to 3100 dollars. Prices are dependent on heating capacity (BTU output), type of furnace (single-stage, two-stage, or modulating), efficiency series and model. We have further divided Goodman furnace prices into these categories below using the latest national average prices of equipment and professional installation.
Goodman furnaces are available in many sizes and models (three examples above). These units are well known due to their good performance and good prices. The models are made to suit various heating needs and this is exhibited in its BTU rating, furnace stage, and efficiency. These differences are important to estimate the cost of a Goodman furnace and its installation.
Goodman Furnace Prices by BTU (Heating Capacity)
The heating capacity is expressed in British Thermal Units (BTUs) per hour and it has a great influence on the price of furnaces. Goodman furnaces come in standard sizes such as 60,000 BTU to 100,000+ BTU to be used at home. The cost of smaller furnaces (e.g. 60,000 BTU) is cheaper to purchase and install, whereas high capacity 100,000 BTU furnaces are more expensive to purchase and install. The reason is that the bigger furnaces consume more materials and are meant to warm up larger areas. Overall, each furnace size increment is accompanied by a slight rise in price. The following is a list of average Goodman furnace prices by capacity:
| Furnace Size (BTU) | Unit-Only Price | Total Installed Price |
|---|---|---|
| 60,000 BTU | $700 – $1,900 | $1,900 – $4,900 |
| 70,000 BTU | $800 – $2,000 | $2,000 – $5,000 |
| 80,000 BTU | $900 – $2,200 | $2,100 – $5,200 |
| 90,000 BTU | $1,000 – $2,400 | $2,200 – $5,400 |
| 100,000 BTU | $1,100 – $2,500 | $2,300 – $5,500 |
Note: These ranges reflect recent national averages for gas furnace costs (unit and install). Goodman models tend to fall toward the lower end of these ranges because of their competitive pricing. For example, an 80,000 BTU Goodman furnace might cost about $2,100 to $5,200 installed, whereas premium brands could be higher for the same capacity.
It is also necessary to select the BTU capacity by sizing the furnace to the home. A load calculation will be done by an HVAC professional to know whether you require a 60k, 80k, 100k BTU etc. Although a Goodman furnace with a higher BTU will be more expensive, the correct size will be the most efficient and prevent the unnecessary spending on an oversized furnace. Also remember that complexity of installation may also depend on size, larger furnaces may need changes to ductwork or venting, which can affect labor cost.
Goodman Furnace Prices by Stage (Single-Stage, Two-Stage, Modulating)
The stage of a furnace is the manner in which the burner and blower is functioning. Goodman sells single-stage, two-stage and modulating furnaces and the more technologically advanced they are, the more they cost. The least expensive are single-stage Goodman furnaces (simple on/off burners) and the most expensive are modulating furnaces with variable heat output. Efficiency also increases with stage: most single-stage models are 80% AFUE or entry-level 90%, two-stage units have higher 90-96% AFUE and modulating models have 98% AFUE. The following is a price comparison of the different types of furnaces:
| Furnace Type | Typical AFUE | Unit Price Range | Installed Price Range |
|---|---|---|---|
| Single-Stage | 80% – 96% AFUE | $800 – $1,500 | $1,900 – $3,200 |
| Two-Stage | 80% – 97% AFUE | $1,000 – $1,800 | $2,500 – $4,200 |
| Modulating (Variable) | 96% – 98% AFUE | $1,500 – $2,300 | $3,500 – $5,700 |
An entry-level single-stage Goodman furnace in the 80 percent AFUE range can be installed at about 2,000-3,000 dollars, whereas a top-of-the-line modulating Goodman (98 percent AFUE) can cost as much as 5,000 dollars or more to install. The current information shows that the single-stage furnaces manufactured by Goodman are typically priced at approximately 1,900-3,200 dollars with installation, two-stage models are slightly more expensive, and modulating units cost 3,500-5,700 dollars with installation. Two-stage and modulating furnaces are more expensive because they have more advanced gas valves, multi-speed or variable-speed blower motors, and onboard electronics (such as ComfortBridge technology in the top models of Goodman) that maximize efficiency.
The advantage of spending extra money on a two-stage or modulating Goodman furnace is comfort and efficiency. Two-stage furnaces are able to run at a lower heat level most of the time, and only in the coldest weather do they run at the high stage, this results in more even heating and a little energy savings. Modulating furnaces go one step further and modulate the amount of heat produced in small steps to exactly fit the demand of the home, which leads to the greatest efficiency and comfort. Homeowners must consider whether the fuel savings and comfort of a modulating 98 percent AFUE Goodman furnace is worth the extra cost. A single-stage model can be enough in smaller houses or in less extreme climates and save thousands. The two-stage or modulating Goodman furnace may be worth the investment in colder climates or in order to achieve maximum comfort.
Goodman Furnace Prices by Series (GM vs. GC Models)
Goodman classifies its furnaces in two broad categories as the GM series and the GC series. The GM series are upflow/horizontal furnaces (return air is drawn in the bottom and warm air is exhausted out the top) and the GC series are downflow furnaces (they are designed to be installed in situations where the air flows top to bottom). The two series are similar in terms of price, but the difference is primarily caused by the features of the models. The national averages indicate that Goodman GM series furnaces were installed at an average of 2200-6300 dollars and GC series at an average of 2100-6000 dollars. The efficiency products overlap as well, with GM products available as low as 80 percent AFUE single-stage units and as high as 98 percent AFUE premium models, and GC products available as low as 80 percent and as high as about 97 percent in the high-efficiency downflow category.
| Goodman Series | Orientation | Efficiency Range (AFUE) | Avg Installed Cost |
|---|---|---|---|
| GM Series | Upflow/Horizontal | 80% – 98% | $2,200 – $6,300 |
| GC Series | Downflow | 80% – 97% | $2,100 – $6,000 |
Practically, the decision of the series (GM or GC) will be based on the ductwork of your home (attic/downflow or basement/upflow, etc.) and not the cost. Both the series possess entry-level models and higher-end models. As an example, an 80 percent AFUE single-stage furnace can be found in both lines (GMES80 in the upflow line, and GCES80 in the downflow line) at similar prices. Similarly, Goodman has a high-efficiency 98 percent AFUE model, the upflow (GMVM97) and the similar downflow (if available) in the GC series. Downflow furnaces in general have a small efficiency penalty due to the heat rising, however, Goodman GC units are high-efficiency. Notably, Goodman does not impose a premium on any of the two orientations; a similar GC model will cost approximately the same as its GM counterpart. The homeowner needs to be concerned with the proper orientation of his or her install space, and then features (stage, blower type) within that series to determine the best value model.
Don’t Overpay for HVAC Services – Call 888-894-0154 Now to Compare Local Quotes!
Goodman Furnace Prices by Model
Goodman produces a variety of particular models, and each of them has its characteristics and price. The series, efficiency and features are normally included in the model names. An example is GMSS96 which is a Goodman Multi-Position, Single-Stage, 96% AFUE furnace and GMVM97 which is a Multi-Position, Variable-Speed Modulating, 97% AFUE furnace. To provide a better understanding of prices, the table below provides the prices of some of the most popular Goodman furnace models and their approximate unit price (equipment only) and installed price (including professional installation). These numbers are recent estimates of a national network of HVAC installers and are average costs:
| Goodman Model | AFUE & Type | Unit-Only Price | Installed Cost |
|---|---|---|---|
| Goodman GCVC8 | 80% AFUE, Two-Stage (Downflow) | $1,115 | $3,170 |
| Goodman GMVC8 | 80% AFUE, Two-Stage (Upflow) | $1,122 | $3,300 |
| Goodman GMSS96 | 96% AFUE, Single-Stage | $2,050 | $4,850 |
| Goodman GMVC96 | 96% AFUE, Two-Stage | $2,100 | $4,975 |
| Goodman GMVM97 | 98% AFUE, Modulating | $2,275 | $5,525 |
Note: Unit prices above are averages for the furnace only, while installed cost includes the furnace, standard installation labor, basic materials, and removal of the old unit. Actual quotes may vary based on the home’s layout and any additional work required.
The table prices show the increase in costs with the increase in efficiency and more sophisticated features. The GCVC8 and GMVC8 are 80 percent AFUE, two-stage furnaces, which are the least costly Goodman models, and will cost about 3,000 to 3,300 installed in an average case. In the meantime, the high-efficiency GMVM97 (Goodman high-end 98 percent AFUE furnace with a modulating burner and variable-speed blower) costs about 5,500 dollars installed. The mid-range GMSS96 and GMVC96 (96 percent AFUE) are in the middle, costing about $4,800 to $5,000 installed, and provide a compromise between high efficiency and reasonable cost. These 96 percent units are frequently Energy Star 1726 qualifying and can be subject to energy rebates or tax credits, which can make them cost effective.
It should be mentioned that the costs of installation (labor and materials) usually constitute approximately 40-50 percent of the overall price of a new furnace. In the case of Goodman furnaces, the cost of installation labor ranges between 1200 and 3000 dollars based on the complexity of the job. On the higher end will be difficult installations (tight spaces, new ductwork or venting changes). Nevertheless, despite such differences, the overall pricing of Goodman is likely to be lower than that of most other brands. To put it into perspective, a similar high-efficiency furnace of a high-end brand such as Carrier or Lennox could be 20-50 percent more expensive to install. Goodman, a value-based brand (owned by Daikin Industries), maintains the prices of equipment at a lower level but still provides a good 10-year parts warranty and lifetime heat exchanger warranty on registered products. This is what makes Goodman a favorite among home owners who desire quality heating at a cheaper price.
In short, the prices of Goodman furnaces in 2024 vary widely depending on the BTU capacity, stage, series, and model characteristics of the unit. The price of a basic Goodman furnace installation will cost homeowners approximately $3,000 on the low end and up to $5,000 to 6,000 on the high end of the installation. With the breakdown, you know what you want, 80k BTU vs 100k BTU unit, single-stage vs two-stage burner, 80% vs 98% AFUE model, etc. and you can choose the Goodman furnace that suits your home and your pocket.
How to Get the Best HVAC Prices
- Firstly, keep in mind that installation quality is always the most important thing for residential HVAC project. So never sacrifice contractor quality for a lower price.
- Secondly, remember to look up the latest rebates as we talked above.
- Thirdly, ask for at least 3 bids before you make the decision. You can click here to get 3 free estimates from your local contractors, 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.
