I'm considering replacing my 18-year-old HVAC system in New Jersey and had PSEG come out for an estimate. They quoted me $26K for two 50,000 BTU furnaces, RHEEM 2-ton coils, matching RHEEM 2-ton 14 SEER2 condensers, and two Rheem evaporators. I suspect their prices might be higher than average, but the estimate was free and they offer 6 years of zero financing. I'm curious – how does this price compare to what's typical in the market?
3 Answers
That price sounds pretty high to me! Generally, the equipment shouldn't run more than around $10K. So, it looks like they’re tacking on around $16K for labor and installation, which seems steep given the equipment cost. I’d definitely shop around and collect some more estimates to get a clearer idea of your options.
I’m curious why you’d need two furnaces and two condensers? With today’s tech, you could potentially do it with one system and zoning. But if you’ve already got two units in place, it might be necessary for your setup. Just something to consider while getting quotes!
You should definitely look for at least two more bids. It’ll help you gauge whether PSEG's pricing is reasonable. HVAC installations can vary a lot in price depending on the specifics of your setup and the contractor’s markups. Getting multiple quotes can help you find a better deal.