What Does an Electric Heating Furnace Cost in 2026? Electric heating furnace cost typically falls between $2,101 and $7,912 for most Utah homeowners, with an average of around $4,998 fully installed. Here's a quick breakdown: Cost Component Typical Range Furnace unit (equipment only) $800 – $2,600 Professional installation labor $800 – $2,500 Electrical panel upgrade (if needed) $500 – $3,000 Ductwork modifications $35 – $55 per linear foot Permits and inspections $200 – $500