Furnace replacement
$5,350
Typical for a 1,500–2,500 sq ft home. Most jobs run $3,650–$7,900.
Indiana
$5,350
Furnace replacement typical, 1,500–2,500 sq ft
1983
Median home built Census ACS
Most furnace replacement quotes here land between $3,650 and $7,900. Every figure is local: wages, prices, climate and permits for the Indianapolis-Carmel-Greenwood, IN metro area.

The median home here was built in 1983; 57% heat with gas and 38% with electricity (Census ACS). Photo: Steven Van Elk on Pexels.
Check a quote hereThe numbers here
Prices, wages and weather for this metro, against the other metros in the state.
Furnace replacement
$5,350
Typical for a 1,500–2,500 sq ft home. Most jobs run $3,650–$7,900.
HVAC technician wage
$30/hr
Median hourly pay here against $29.33 for the US (BLS OEWS). Labor is a third of a typical install.
Hot days a year
17≥90°F
1,130 cooling and 5,219 heating degree days in a normal year, 1991–2020 (NOAA).
HVAC companies
598
7.1 for every 10,000 homes (Census County Business Patterns). More competition tends to mean tighter quotes.
HVAC technician pay
Half the 3,080 HVAC techs in the Indianapolis-Carmel-Greenwood metro earn more than $29.89 an hour ($62,160 a year), 3% above the Indiana median. Shops here bill that hour at about $115 in our price model.
Source: BLS OEWS, May 2025; billable rate from the HVACFIND price model.
HVAC technician salary in Indianapolis$29.89
Median hourly pay for HVAC technicians in Indianapolis
Replace or install
Typical installed prices for a 1,500–2,500 sq ft home, with the range most quotes fall in.
$4,600–$10,350 typical $6,900
$6,850–$13,550 typical $9,650
$3,650–$7,900 typical $5,350
$8,450–$15,650 typical $11,500
$4,000–$7,200 typical $5,350
Local factors
The same four facts on every place page, so two places read side by side compare the same rows.
Climate
Heating degree days per year, 1991–2020 normals. More means a bigger heating load.
5,219
Freezing nights
A cold climate changes which heat pump you need.
107
Electricity
Residential rate. It sets what an efficient system saves you each year.
13.8¢
Permit
The contractor pulls it and books the inspection.
—
Repair and service
Visit, diagnosis and the common repair, at local rates.
$320–$490 typical $390
$220–$560 typical $350
$330–$520 typical $410
$110–$250 typical $160
$370–$580 typical $460
Second opinion
Tell us the job and when suits you. We confirm by phone or text, then pass your request to one licensed contractor who covers your ZIP. Nobody else gets your number.