Understanding Electric Furnace Costs: How the Goodman 3 Ton 14.5 SEER2

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Hey there — Tony Marino here. If you’re shopping for the right heating & cooling system for your home, you’ve landed in the right place. I’m going to walk you through how the Goodman 3 Ton 14.5 SEER2 R‑32 Bundle fits into your overall HVAC plan — and how it stacks up against one of the biggest questions you might have: the electric furnace cost, the cost of electric furnace replacement, and the new electric furnace cost. You’ll get a solid breakdown of what you should expect, what to watch out for, and how to budget smart.

1. Setting the Scene: Cooling vs. Heating & Your Budget

Most homeowners focus first on getting their cooling system right (and for good reason) — but the heating side often has huge cost implications. In many cases, especially if you're in a region where electricity is your heating fuel or you’re considering switching to electric furnace heat, you’ll want to understand how that cost compares.

With the Goodman bundle the focus is on the cooling side (3‑ton, 14.5 SEER2, R‑32 refrigerant) — excellent value for many homes. But if your heating system is (or will be) an electric furnace, you need to budget accordingly. The heating side can influence your total cost of ownership, monthly utility bills, and how you plan your upgrade or replacement.

Let’s dive in.

2. What is the Goodman Bundle — a quick overview

Here’s what I like about the bundle from a tech’s viewpoint:

3‑ton capacity: Suitable for many mid‑sized homes (depending on insulation, windows, climate, etc.).
14.5 SEER2 efficiency: That’s a modern efficiency grade, which means better performance and lower electricity use in cooling mode.
R‑32 refrigerant: A more future‑proof refrigerant with lower global warming potential than older types.
Matched system bundle: When you buy a condenser + coil/handler that are meant to work together, the system tends to operate more reliably and efficiently.

What this means for you: You’re getting a quality cooling system at a good price point. But remember: regardless of how good the cooling system is, the heating side (especially if it’s an electric furnace) will have its own budget and performance story.

3. Electric Furnace Cost: What You Need to Know

Because this topic often surprises homeowners, let’s cover the electric furnace cost, cost of electric furnace replacement, and the new electric furnace cost in detail.

Electric Furnace Cost – Basic Ranges

Here are some up‑to‑date numbers:

According to one guide, installing an electric furnace typically costs between $2,101 and $7,912, with many paying around $4,998 for unit + install. (Angi)
Another guide shows a new electric furnace (unit + labor) ranges often between $2,000 to $7,000. (Carrier)
For replacing an existing electric furnace (same type, same ductwork, minimal modifications) typical costs are between $1,300 to $8,400 per one data set. (Home Advisor)

So when I tell my customers “budget at least a few thousand dollars for the furnace side,” I mean it.

Cost of Electric Furnace Replacement

Replacement is different from full new installation. If you already have electric furnace heat and you’re swapping to a similar unit:

One source says average cost ranges from $1,900 to $5,600 for replacement/installation. (HomeGuide)
Another says replacing an electric furnace typically costs $2,500 to $4,500 (for standard homes in moderate climates) when ductwork is already in place. (Gee! Heating and Air)

So if your house is in reasonably good shape, ducts are fine, you’re not switching fuel type — you may be near the lower end of the scale.

New Electric Furnace Cost (Full Install)

If your situation is more complex (switching from another fuel, adding ducts, re‑wiring, etc.) — expect higher costs:

Some data shows a new electric furnace install including ducts, etc., can run $4,000 – $10,000+ depending on size and complexity. (Armor Air)
Another guide pinpoints unit + install for a new electric furnace in 2025 at $2,500 to $7,500, before extra modifications. (HVAC.com)

In my field‑tech experience, I tell homeowners: “If the total furnace & heating side budget starts creeping toward $8K‑$10K or more, make sure you understand what’s driving the cost.”

4. How the Goodman Bundle and Electric Furnace Costs Interact

Now let’s bring it all together. If you purchase the Goodman bundle for cooling (the equipment cost alone might be ~$3,500‑$4,500, depending on your situation) and you also either currently have or are planning to install an electric furnace for heating — here’s how I analyze the combined scenario for you.

Scenario A: Cooling upgrade only (Goodman bundle)

You replace the old air conditioner/condensing unit with the Goodman bundle. The heating side (electric furnace) remains unchanged and “acceptable.”

Cooling equipment cost: ~$3,500‑$4,500
Install labor + refrigerant + line set + misc: maybe $2,000‑$3,000
Total cooling side: ~$5,500‑$7,500 (depending on complexity)
You’ve upgraded your AC to modern efficiency, improved comfort, and future‑proofed the refrigerant side. Great.

Scenario B: Heating side needs upgrade too (Electric furnace replacement)

Let’s assume your electric furnace is aging, inefficient, or causing utility bill pain — you decide to replace it while doing the AC bundle. Here’s what your total might look like:

Cooling side: ~$5,500‑$7,500 as above
Electric furnace replacement: depending on size and complexity, maybe $2,500‑$5,000 (if you already have ducts, minimal modifications)
Combined approximate total: ~$8,000‑$12,500

Scenario C: Heating side is major overhaul (New electric furnace + ductwork + controls)

If your home’s heating system is outdated, needs new ductwork, maybe you’re switching from another fuel source, or you have attic/ crawlspace constraints:

Cooling side remains ~$5,500‑$7,500
Electric furnace install + new ducts/mods: could run $4,000‑$10,000 or more
Combined can easily hit $10,000‑$15,000+ depending on region and complexity

As Tony the Trusted Tech, I always tell homeowners: “When you see the combined cost heading over $12K‑$15K, you’re in serious home renovation territory, not just a straight HVAC replacement.”

5. Key Cost Drivers You Must Understand

When you’re looking at your quote, don’t just look at the big number. Ask questions and check these cost‑drivers — they often determine whether you’re getting a fair deal or paying for surprises.

Size and capacity of the furnace/furnace load

If your home is large, or poorly insulated, or has high heating loads, you’ll need a larger furnace (higher BTUs) which raises cost. One guide shows for electric furnace: as square footage increases, cost goes up.

Ductwork condition

If your ducts are leaking, undersized, poorly insulated, or you need new branch runs — you’ll pay more and you’ll lose efficiency. A new duct install or major repair often adds thousands. In cooling and heating both.

Access, labor & modifications

Tight crawlspaces, attic installs, long refrigerant runs, electrical panel upgrades, new circuit breakers — these all increase labor time and cost. One source lists labor for electric furnace replacement at $750‑$2,500 in typical cases.

Fuel type and operating costs

With an electric furnace you save on venting and combustion components, but you’ll likely pay more operating cost (electricity vs gas). That influences your cost of ownership.

Efficiency & features

Electric furnaces are typically 100% AFUE (meaning all input power becomes heat) but your ducts, blower efficiency, insulation, thermostat, and controls still matter. If the install is sub‑par you lose value. One guide puts electric furnace install cost range broadly depending on technical complexity.

Cool side system cost and integration

Since you’re installing the Goodman bundle for your cooling, you need to ensure the cooling system integrates well with the heating side — matching airflow, return/duct sizing, thermostat, zoning, etc. If those aren’t aligned, you’ll lose efficiency, comfort and maybe reliability.

6. Evaluating the Goodman Bundle in Your Heating/ Cooling Strategy

Now let me get practical and walk you through how to evaluate — “Does this system make sense for me?” — when you’ve got the cooling side bundle and you’re considering electric furnace heat.

Ask yourself these questions:

How old is your current electric furnace? If it’s 15‑20 years old, inefficient, or causing high bills — this is a good time to replace.
What’s the condition of your ductwork and air distribution? If your ducts are leaky or undersized, the efficiency gains from the new AC bundle and new furnace may be reduced.
How long do you plan to stay in your home? If you plan to stay 10‑15 years, investing in a modern system now has better pay‑off. If 3‑5 years, you might optimize cost over premium features.
What are your utility rates and heating load? If electricity is costly in your region or your heating demand is high, you’ll want your electric furnace to be efficient and well‑matched.
Are you getting detailed quotes? Compare: (a) just the AC bundle, (b) AC bundle + furnace replacement, (c) full HVAC overhaul. Make sure all line items (equipment, labor, ductwork, disposal, permits) are listed.
What is the pay‑back or operating cost differential? If your current unit is inefficient, estimate how much you’ll save in utility costs annually. That helps justify your upfront cost.

Where the Goodman bundle shines

The cooling side: The bundle gives you modern efficiency (14.5 SEER2) and a solid refrigerant choice (R‑32), so you’re upgrading the cooling side at a reasonable equipment cost.
If your heating side is electric and is in decent shape, you might choose to upgrade the cooling now and delay the furnace replacement — giving you staggered costs rather than all at once.
If your ducts and distribution system are already in good condition, you’ll maximize the benefit of your investment.

Where you need to watch out

If your heating side is very old or in bad shape, doing just the cooling side while leaving a weak electric furnace may yield mismatched performance and comfort issues.
If you have poor ducts, airflow issues, leaky returns etc., the efficiency and comfort gains on both heating and cooling sides will be reduced.
If you’re in a very cold climate and your electric furnace is running heavy hours, make sure you’re budgeting the proper size and performance (and consider the operating cost of electricity vs alternate fuels).

7. Budgeting and Planning: My Technician’s Checklist

Here’s the checklist I give my customers when we’re about to sign a quote:

Confirm equipment specs: For the cooling side, make sure the Goodman bundle is correctly sized and matched. For the heating side, verify electric furnace BTUs, blower specs, and efficiency.
Load calculation (Manual J): Don’t guess tonnage or BTUs. A proper load calculation ensures you don’t oversize/undersize either system.
Ductwork inspection: Have the contractor inspect return & supply ducts, insulation, insulation of attic/crawl, check for leaks. Get a separate line item for duct repairs/mods.
Electrical panel and circuit review: Especially with electric furnace, ensure service, breakers, wiring are up to code. Upgrades cost money.
Quote breakdown: Equipment cost, labor cost, disposal, permits, ductwork, wiring/electrical, any structural modifications. Compare at least two bids.
Operating cost estimate: Ask for annual energy savings estimate (cooling side) and expected cost/usage for the electric furnace.
Warranty & service terms: Check what the manufacturer warranty is for the cooling bundle and furnace. Ask service plan cost.
Timeline and disruption: Know when the work will happen, how long, whether you’ll be without heat/cool during install.
Future proofing: If you might switch fuels, add zoning, or expand home later — factor that into decisions now.
Budget buffer: Always assume +10‑20% for unforeseen issues (hidden duct damage, wiring issues, permit delays).

8. Real‑World Example: Homeowner in Englewood, Ohio

Let’s apply to your region — Englewood, Ohio (Midwestern climate). Suppose you have a 1,800 sq ft home built in the 1980s, with moderate insulation, 15‑year‑old electric furnace, and aging central AC. Here’s how I’d approach:

Cooling side (Goodman bundle)

Equipment: Goodman 3 Ton 14.5 SEER2 R‑32 bundle — cost ~$4,000 equipment.
Install labor + refrigerant + minor duct tuning: let’s budget $3,000.
Total cooling cost: ~$7,000.

Heating side (electric furnace replacement)

Your current furnace is old; you’ll replace it with a modern electric furnace sized properly for your home — budget maybe $3,000 (assuming existing ducts are in decent shape).
If your ducts need moderate repairs (say $1,000) include that.
Total heating cost: ~$4,000.

Combined budget

Cooling + heating: ~$11,000.
Add 10% buffer for surprises: ~$12,100.
Over a 10 year period, with improved efficiency, you may recoup some of that in lower utility bills, improved comfort, fewer repairs.

If you had chosen to only replace the cooling side today and leave the old furnace until later, you might spend $7,000 now — and then maybe $4‑5K later. The total cost may be higher in the long run because you may incur extra labor later, or the old heating system may cause higher utility bills in the meanwhile.

9. Final Thoughts & Tony’s Advice

Here are my straight‑talk takeaways:

The Goodman bundle is a solid choice for the cooling side; modern, efficient, and value‑oriented.
If your heating side is electric furnace, you need to give equal attention to the budget, equipment, ductwork, and installation quality. Don’t assume “electric is cheap” means “easy to ignore.”
The electric furnace cost, cost of electric furnace replacement, and new electric furnace cost all vary widely — don’t pick the lowest quote blindly.
Focus on the full system: cooling + heating + ductwork + controls. A well‑installed “mid‑grade” system will outperform a poorly installed “top‑grade” system.
Always get multiple detailed quotes, inspect your ducts, and consider your future plans.
You might not need the absolute top‑tier furnace or inverter heat system depending on your home, climate, and budget — sometimes “good, properly installed” wins over “premium, poorly installed.”