Question: how much does it cost to install a new electric furnace?
Answer: Average cost: $1,200 - $5,975 An electric furnace is a cheaper to install than a gas furnace. Electric furnace prices can range from $850 to $1,500. A new electric furnace cost to install could range from $1,200 to $5,975. Total costs vary by local labor rates, brand choice, and a few other factors.