When it’s time to replace your furnace, one of the first questions every homeowner asks is:
“How much is this going to cost me?”
If you’re looking at a 60,000 BTU Goodman furnace — a popular size for small to mid-sized homes — the answer isn’t as simple as the sticker price on the unit. There are equipment costs, labor charges, add-ons, and even long-term savings that change the real value.
As Savvy, I’ll walk you through everything you need to know about Goodman furnace costs in 2025, from the initial purchase price to lifetime savings.
🏷 Why Furnace Costs Vary
Not every Goodman furnace installation will cost the same. Here are the major factors that swing prices up or down:
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Efficiency rating (80% AFUE vs 96% AFUE).
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Staging (single-stage vs. two-stage vs. variable speed).
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Size (BTU capacity).
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Installer experience and company overhead.
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Regional labor rates (urban vs. rural).
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Permits & codes in your local area.
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Ductwork condition (leaks or resizing needed).
Goodman is widely considered a value brand — it delivers reliable performance at a lower price point compared to premium names like Lennox, Carrier, or Trane. That means you often get the same efficiency ratings and comfort features for thousands less upfront.
📖 Consumer Reports highlights Goodman as a cost-effective choice that balances performance with affordability.
💵 Equipment Cost in 2025
A 60,000 BTU Goodman furnace (unit only) will typically cost between:
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$1,200 – $2,200 for a 96% AFUE model.
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$900 – $1,500 for an 80% AFUE model.
The exact number depends on the furnace’s features:
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Single-stage (basic) → lower cost.
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Two-stage → mid-range.
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Variable speed (modulating) → highest cost, but also most efficient.
💡 Goodman’s GRVS960603BU is a great example: it’s a 96% AFUE, single-stage, Ultra-Low NOx model that balances efficiency and compliance at a competitive price.
🔧 Installation Labor Costs
Labor is often the biggest part of the bill. In 2025, you can expect:
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$2,000 – $4,000 for installation labor.
Why so much? Because installation isn’t just “dropping in a furnace.” It includes:
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Old furnace removal and disposal.
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Gas line connection and leak testing.
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Electrical hookup and thermostat wiring.
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Venting installation (PVC pipes for high efficiency).
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Condensate drain setup (required for condensing furnaces).
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Ductwork sealing or adjustments.
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Combustion and carbon monoxide testing.
📖 According to HomeAdvisor, furnace installation labor averages $70–$150 per hour, and a typical replacement takes 6–10 hours.
📊 Full Installation Cost Range in 2025
Put it all together, and the average total installed cost for a Goodman 60,000 BTU furnace is:
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$3,500 – $6,500 (equipment + labor).
Here’s a breakdown:
| Category | Typical Range |
|---|---|
| Equipment | $1,200–$2,200 |
| Labor | $2,000–$4,000 |
| Add-ons/Materials | $500–$2,000 |
| Total | $3,500–$6,500 |
🧾 Hidden & Add-On Costs
Even with a standard quote, you may see additional charges:
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Permits & inspections: $100–$300.
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Smart thermostat: $200–$500 (often required for rebate programs).
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Duct sealing or repairs: $500–$2,000.
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Electrical upgrades: $200–$800 (breaker or panel work).
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Venting upgrades: $200–$600 for PVC piping.
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Condensate pumps/drains: $150–$400.
💡 Savvy Tip: Always ask for a line-item estimate so you know what’s included.
🌱 Rebates, Tax Credits & Incentives
Here’s where you can save big in 2025:
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Federal Tax Credits (IRA 2025): Up to $600 for ENERGY STAR certified gas furnaces with at least 95% AFUE (Energy.gov).
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State rebates: Vary by region. For example, California offers rebates for Ultra-Low NOx furnaces.
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Utility rebates: Many gas and electric companies provide $200–$500 for high-efficiency upgrades.
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Manufacturer promos: Goodman occasionally runs seasonal discounts through authorized dealers.
📖 ENERGY STAR keeps an updated list of rebates and efficiency standards.
📉 Long-Term Cost Savings
Here’s why spending more on a 96% AFUE Goodman pays off:
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An 80% AFUE furnace wastes 20¢ of every $1 in fuel.
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A 96% AFUE furnace wastes only 4¢ of every $1.
Example Savings
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Annual heating bill: $1,200 (U.S. average EIA.gov).
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80% AFUE = $240 wasted fuel.
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96% AFUE = $48 wasted fuel.
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Savings: $192 per year.
Over 15 years: $2,880 saved. That nearly covers the cost difference between an 80% and 96% model.
💡 Bonus: Lower emissions = cleaner air and smaller carbon footprint.
🛠 Cost by Furnace Type
Here’s how furnace type impacts cost in 2025:
| Furnace Type | Equipment Cost | Installed Cost | Comfort & Efficiency |
|---|---|---|---|
| Single-Stage | $1,000–$1,600 | $3,500–$5,000 | Basic, most affordable |
| Two-Stage | $1,400–$1,900 | $4,000–$6,000 | Better comfort, quieter |
| Variable Speed | $1,800–$2,200 | $4,500–$6,500 | Best comfort, most efficient |
📖 The Spruce explains these differences in detail.
🏠 Regional Cost Differences
Where you live matters:
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Northeast & West Coast: Higher labor and stricter codes → higher install costs.
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Midwest: Competitive market keeps costs moderate.
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South: Less demand for heating, so installs may be cheaper.
🌱 Savvy’s Smart Advice
When budgeting for a new Goodman 60,000 BTU furnace:
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“Don’t just shop for the lowest sticker price — consider lifetime costs.”
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“Two or three quotes from licensed pros ensures you’re not overpaying.”
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“Factor in rebates. That $6,000 furnace may really cost $5,000 after credits.”
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“Ask for proof of efficiency testing — you paid for 96% AFUE, make sure you’re getting it.”
🔭 Final Word from Savvy
So, how much does a 60,000 BTU Goodman furnace cost in 2025?
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Unit price: $1,200–$2,200.
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Full installation: $3,500–$6,500.
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Rebates & savings: $600+ in incentives, $200/year in lower energy bills.
If you’re planning to stay in your home long-term, investing in a 96% AFUE Goodman furnace isn’t just about upfront cost — it’s about 15+ years of comfort, safety, and savings.
Smart homeowners don’t just ask “What’s the price today?” — they ask “What will this save me tomorrow?”
