Published onFebruary 1st, 2021
Everything You Need to Know About Boiler Installation: Cost, Timeframe and More
If the boiler for your apartment or commercial property is nearing the end of its lifespan, you’re probably thinking about replacing it. Such a large upgrade for the property is likely to provoke some worry about cost, timing, and logistics. Here’s some vital information to put your mind at ease from the experts at Calray Boilers, New York City’s blue-chip, hyper-local boiler professionals for nearly 100 years.
Cost of Replacing a Boiler
There are numerous factors that affect the cost of installing a boiler, so we can’t quote one price for everyone. On average, a new boiler for a multi-family building will run most owners between $25,000 and $100,000. However, the cost can be higher.
The price of the boiler can vary depending on its size (number of units/radiators being served), energy efficiency, special features, and whether the boiler is for heating only or for both heat and hot water. The cost may increase if you are changing your boiler type or making major upgrades to the entire system at the same time as the installation.
There are other expenses that should be considered that affect the cost of a boiler replacement project, including:
- Labor for installation
- Removal and disposal of old boiler
- Additional piping and parts needed
- NYC Department permits
- New boiler inspection
- Providing heat for tenants during replacement period (or fees for violation of heat and hot water laws)
- Creating a new boiler room
- Lining an existing chimney or building a new chimney
Timeframe for Replacing a Boiler
Emergency vs. planned replacement
Installing a boiler, whether in a property that has never had one or as a replacement for an existing boiler, will usually take at least several days.
Therefore, we always recommend keeping up with boiler maintenance. This allows you to run your boiler while you plan the least disruptive time to make the change.
If the expense of a sudden boiler replacement is daunting and not in your reserves, it’s worth asking about financing. You may be able to arrange a payment plan that works for your cash flow.
Replacing an ancient boiler of any kind will typically save landlords money over time too. If your boiler is nearing the end of its useful life, we encourage you to start thinking about a replacement before it becomes an urgent matter. Call Calray Boilers at 212-722-5506 or use our online form to schedule an appointment for your boiler maintenance, repair, or installation.