Lennox Furnace Models and Prices in Canada?

Lennox furnaces are a trusted choice for Canadian homeowners. They offer reliable heating solutions for the country’s harsh winters.
Known for their energy efficiency, advanced features, and durability, Lennox furnaces serve a wide range of needs and budgets. With heating accounting for 78% of residential energy consumption in Canada, choosing the right furnace is an essential decision for comfort and cost savings.
This blog will cover an overview of the Lennox furnace series, price ranges and factors affecting costs, key features, and tips for selecting the right furnaces.
How Much Do Lennox Furnaces Cost?
In Canada, Lennox furnaces cost between $3,000 and $9,500, including installation. The Merit® Series starts at $3,000, while premium models from the Dave Lennox Signature® Collection can go up to $9,500.
Factors like energy efficiency (AFUE ratings), home size, and installation complexity influence the final price.
Additionally, mid-range Elite® Series models typically cost between $4,500 and $6,500 installed, offering a balance of performance and affordability. Homeowners may also benefit from rebates or financing options to further reduce upfront costs.
Lennox Furnace Models Overview
Lennox furnaces are available in three main series: Merit®, Elite®, and Dave Lennox Signature® Collection. Each series offers unique features to meet different needs and budgets.

Lennox Furnace Models Overview
1. Merit® Series
The Merit® Series is Lennox’s entry-level line, designed for affordability without compromising reliability. These models are perfect for homeowners who want dependable heating at a lower price point.
Price Range: $3,000–$5,500 (installed)
Efficiency: 80%–96% AFUE
Features: Single-stage or two-stage heating options, compact design, ENERGY STAR® certification on select models. The DURALOCK® Heat Exchanger provides corrosion resistance, while the SureLight® ignition system guarantees reliable starts every time.
Best For: Smaller homes or budget-conscious buyers.
The compact design makes it ideal for tight spaces, and its advanced airflow system ensures even temperatures throughout your home. Over 51% of Canadian households use forced-air furnaces as their primary heating system.
2. Elite® Series
The Elite® Series offers a step up from the Merit line with improved efficiency and advanced features that provide better comfort control. These models are ideal for mid-sized homes where consistent heating is essential.
Price Range: $4,900–$6,500 (installed)
Efficiency: 80%–96% AFUE
Features: Two-stage heating for consistent temperatures, quieter operation with insulated cabinets. The Power Saver ConstantTorque blower motor delivers 33% more efficiency compared to traditional motors.
Best For: Mid-sized homes requiring efficient yet affordable heating solutions.
This series includes iComfort® compatibility for smart thermostat integration, allowing homeowners to control temperature, humidity, and air quality remotely. High-efficiency furnaces with plastic exhaust pipes account for over 45% of furnace installations in Canada.
3. Dave Lennox Signature® Collection
This premium series represents the pinnacle of performance and efficiency in home heating systems. Designed with advanced technology, these furnaces provide unparalleled comfort while maximizing energy savings.
Price Range: $6,500–$9,500 (installed)
Efficiency: 97.5%–99% AFUE
Features: Modulating heating for precise temperature control, SilentComfort™ technology for ultra-quiet operation. These models also include variable-speed airflow systems that adjust automatically to maintain consistent indoor temperatures.
Best For: Large homes or homeowners seeking the best in energy savings and comfort.
With PureAir™ air purification systems and smart zoning capabilities, this collection provides cleaner air quality and customizable comfort in every room.
Upgrading to high-efficiency furnaces like those in this series can save Canadians up to $15,292 over 20 years.
Factors Affecting Lennox Furnace Prices
Several factors influence the cost of a Lennox furnace, each playing a significant role in determining the final price:
Factors Affecting Lennox Furnace Prices
Energy Efficiency (AFUE)
Furnaces with higher Annual Fuel Utilization Efficiency (AFUE) ratings are more expensive upfront but provide long-term savings by reducing energy bills. For instance, a furnace with a 97% AFUE rating is more efficient than one with 80%, meaning it converts 97% of the fuel into heat while wasting only 3%.
High-efficiency furnaces are also environmentally friendly, which can be an important consideration for homeowners looking to reduce their carbon footprint.
Home Size
The size and capacity of the furnace must match the home's heating requirements. Larger homes require furnaces with greater heating capacity, which increases costs. Conversely, smaller homes can use less powerful and more affordable units.
Proper sizing provides optimal performance and avoids issues like uneven heating or excessive energy consumption.
Installation Costs
Furnace installation labor typically accounts for 60%–65% of the total cost of a furnace replacement. Complex installations, such as those requiring ductwork upgrades or electrical modifications, can significantly increase costs.
The average installation cost for Lennox furnaces ranges from $1,900 to $5,800, depending on the model and specific installation requirements.
Additional Features
Advanced features like smart thermostats, variable-speed motors, or dual-fuel compatibility add to the furnace's cost but enhance comfort and energy efficiency. For example, smart thermostats allow remote control and optimization of heating schedules.
Other premium features include electronic air filters and air pressure switches that improve indoor air quality and system performance.
Rebates and Incentives
Programs like the Canada Greener Homes Grant offer up to $5,000 for energy-efficient home upgrades, including high-efficiency furnaces. Additionally, homeowners can receive up to $600 for an EnerGuide home evaluation.
Other regional programs, such as Enbridge’s Home Efficiency Rebate Plus (HER+), provide up to $1,000 for installing high-efficiency natural gas furnaces.
These factors collectively determine the overall expense of purchasing and installing a Lennox furnace. By considering energy efficiency, home size, installation complexity, and available rebates, homeowners can make informed decisions according to their needs and budget.
Why Choose a Lennox Furnace?
Lennox furnaces are designed to deliver superior comfort, energy efficiency, and long-term reliability. Here’s why they stand out:
Why Choose a Lennox Furnace?
- High Efficiency: With AFUE ratings of up to 99%, Lennox furnaces are among the most energy-efficient on the market. This means they convert nearly all the fuel they use into heat, reducing utility bills significantly. For example, ENERGY STAR-certified furnaces use up to 6% less energy than standard models.
- Durability: Lennox furnaces feature high-quality components like stainless steel heat exchangers that come with warranties of up to 20 years. This provides long-term performance even in Canada’s extreme winters.
- Quiet Operation: SilentComfort™ technology minimizes noise by using advanced sound-dampening materials, making these furnaces ideal for homeowners who value peace.
- Advanced Features: Many models are compatible with smart thermostats like iComfort®, allowing homeowners to control temperature settings remotely. Some units also include modulating gas valves that adjust heat output precisely to maintain consistent indoor temperatures.
- Eco-Friendly Design: By reducing energy consumption and emissions, Lennox furnaces contribute to a greener environment while keeping your home warm and comfortable.
Investing in a Lennox furnace means choosing a system that combines cutting-edge technology with reliability so it is comfortable for years to come.
How to Choose the Right Furnace?
Selecting the right furnace can feel overwhelming, but breaking it down into key factors makes the process easier. Here’s what you need to consider:
1. Assess Your Home Size and Heating Needs
The size of your home plays a significant role in determining the furnace capacity you will need. A furnace that’s too small won’t heat your home effectively, while an oversized one will waste energy.
For example, larger homes in colder Canadian regions may require higher-capacity models with AFUE ratings above 90%.
2. Consider Your Budget
While high-efficiency models like those in the Dave Lennox Signature® Collection have higher upfront costs, they offer substantial long-term savings on energy bills.
For milder climates or smaller homes, an 80% AFUE furnace may suffice at a lower price point.
3. Look Into Rebates
Programs like the Canada Greener Homes Grant or HER+ can help offset upfront costs by offering rebates for installing high-efficiency furnaces.
4. Choose Energy Efficiency
Opt for ENERGY STAR-certified models with advanced features like variable-speed motors or modulating gas valves to maximize savings and comfort.
By considering these factors carefully, you will find a furnace that meets both your heating needs and budget while providing long-term efficiency.
Final Thoughts
Choosing a furnace is more than just picking a heating system—it’s about finding one that balances comfort, efficiency, durability, and cost-effectiveness. With rebates available across Canada and options for every budget, Lennox furnaces are an excellent choice for homeowners looking to stay warm during harsh winters while saving on energy bills.
At Ascano HVAC Toronto, we understand how important it is to choose the right heating system for your home. Our team specializes in helping Canadian homeowners select and install high-quality Lennox furnaces tailored to their needs. Whether you are looking for an entry-level model or a top-of-the-line unit with advanced features, we are here to guide you every step of the way. Contact us today for expert advice and professional installation services—your comfort is our priority.
FAQs
How long do Lennox furnaces last?
With proper maintenance, a Lennox furnace can last 15–20 years or more.
Are there financing options available for Lennox furnaces?
Yes, many HVAC companies offer financing plans to make purchasing easier.
What is AFUE?
AFUE stands for Annual Fuel Utilization Efficiency and measures how efficiently a furnace converts fuel into heat.
Do Lennox furnaces qualify for government rebates?
Yes, many high-efficiency models are eligible under programs like HER+ in Canada.
Can I install a Lennox furnace myself?
No professional installation is required to ensure safety and efficiency.
You Have HVAC Issues, We Have Solutions!
Send us a message
Have a question, feedback, or just want to say hello? We'd love to hear from you! Drop us a message using
Mailing address
Business Hours
Monday - Friday
7:00 AM - 9:00 PM