Furnace Replacement Cost in Minnesota (2026)
A new furnace installed in Minnesota runs $4,500–$9,500 with us: 80% vs 96–98% AFUE prices, what moves a quote, and rebates now that 25C has ended.
Read the guide
Budget $4,500–$9,500 installed for a Deephaven furnace replacement: about $4,500–$6,000 at 80% AFUE and $6,500–$9,500 at 96–98%. CenterPoint Energy is the gas utility and lets you choose the dealer for its rebate. A Manual J that counts lake-facing exposure sets the size, and the quote is flat-rate and written.
Replacing a furnace in a 1930s–1950s Deephaven house usually means a decision about the chimney. A 96–98% furnace vents through PVC, which frees it from the old flue but strands the water heater in a chimney built for two, and that water heater then needs a liner or a new model that vents itself. Finding a PVC route on a lake lot takes care: the termination should stay off the windward lake side, away from decks and windows, and above the snow line.
Sizing deserves the same care. A house that has been insulated or re-windowed since it was built needs less furnace than the old nameplate suggests, and the lake side takes more wind than the street side, so a room-by-room Manual J beats copying the old unit. Where part of the house runs on a boiler, we can replace the furnace alone or plan both together. CenterPoint's rebate program includes high-efficiency boilers along with furnaces, applied for in the install year.
Updated September 26, 2026
An installed furnace from us runs about $4,500–$9,500 in Deephaven: 80% AFUE roughly $4,500–$6,000, 96–98% AFUE roughly $6,500–$9,500. Same prices in Deephaven as in every town we serve. See the furnace replacement cost guide.
Gas here is CenterPoint Energy and power is Xcel Energy. CenterPoint pays rebates on high-efficiency furnaces and on boilers, useful where an older house still runs on hot water, with the installer of your choosing and an application filed the same calendar year. It also pays toward a ducted heat pump installed alongside a gas furnace. Xcel's rebates take in central AC, heat pumps and mini-splits, with heat pump rebates requiring a Trade Partner Network installer, so check before you buy. Saver's Switch and AC Rewards pay you for letting Xcel trim AC use on peak days. Rebate programs change every year, so check the utility's current terms before you buy.
Our guides: Xcel and CenterPoint rebates, heat pump rebates.

More detail on our furnace installation page.
Usually out the side wall nearest the furnace, but on a lake lot the details matter. The terminations must sit the manufacturer's required distance from windows, doors, decks and the gas meter, stay above expected snow depth, and ideally avoid the side that takes wind straight off the lake, where gusts can upset combustion. If no wall works, some furnaces can vent up through an unused chimney used as a chase.
Often, yes. A single-stage furnace only knows full blast and off, which makes lake-facing rooms swing between warm and cool on windy days. Two-stage and modulating furnaces spend most of their time at low fire with the blower moving air slowly and steadily, which evens out drafty rooms and runs quieter. They cost more, and the difference shows most in houses with uneven rooms like these.
A new furnace installed in Minnesota runs $4,500–$9,500 with us: 80% vs 96–98% AFUE prices, what moves a quote, and rebates now that 25C has ended.
Read the guideHow long a furnace lasts in Minnesota: sourced 15–20 year figures, why long winters add wear, signs it's near the end, and how to decide repair or replace.
Read the guideBryant's Evolution 987M modulates; Legacy furnaces are single-stage. What that means in a Minnesota winter, how warranties compare, and where Preferred fits.
Read the guideFurnace replacement in Deephaven? Call or send a request.