Lennox Furnace Review, Price Analysis & Buying Guide

Lennox Furnace Review and Price Analysis

Finding a good, reliable, and trustworthy furnace brand is really troublesome nowadays. Because there are various brands available in the market and it becomes very hard to choose one. 

So I have created this guide to help you out. In this post, I’ll do a complete Lennox furnace review and price analysis. I’ll cover all the good and bad aspects in detail. So that you can finally decide if it’s worth buying or not. 

Lennox Furnace Price Explained

Lennox Furnace ModelsUnit Price OnlyInstalled Cost
Lennox SLP98V$2,460$3,780
Lennox SL280V$1,830$3,080
Lennox EL296V$1,930$3,650
Lennox EL296E$2,050$3,550
Lennox EL280$1,720$2,960
Lennox EL195E$1,890$3,510
Lennox ML195$1,830$3,490
Lennox ML193$1,650$3,290
Lennox EL180E$1,280$2,570
Lennox ML180$1,180$2,390

Although it is hard to say the exact price of the Lennox furnace models, we have some price range details to help you. Also, keep in mind that the final price will depend on the model type, your location, the size of your home, and the installation process for any product.

Here is a quick estimation of the price range that you can expect for different model categories: 

  • For Entry-level models (Basic series): $3,500 – $4,835
  • For Mid-range models ( Better series): $4,835 – $6,170
  • For Top-tier models (Best series): $6,170 – $7,500+

The price mentioned above rangers includes the installation fee of the unit as well.

Lennox Furnace Series Explained

Lennox has proven itself to be a trustworthy and consumer-oriented company. Lennox furnaces have been designed keeping the varied needs of their customers in mind. Lennox has a wide variety of furnaces model series that appeal to its wide consumer base. Below I’ve explained all the Lennox Furnace series in detail.

Basic Merit Series

It is a basic series that will offer you Lennox models that are budget-friendly. This series has AFUE ratings of above 93% in terms of efficiency. The products range features:

  • Airtight blower compartments to prevent any air leakage. 
  • Heat exchangers to decrease the loss of heat. 
  • Capable of connecting with an electric heat pump saving you money. 
  • It is made up of durable and heavy-duty materials. 

Better- Elite Series

This series has higher standards than the basic merit series. Models come with better AFUE ratings. Some of the furnace models are single-staged and some are double-staged. Furthermore, the series features: 

  • Power saver technology to reduce costs.
  • Compatibility with smart thermostats,
  • Noise Reduction at the time of optimizing performance. 

Best- Dave Lennox Signature Collection

This series contains the finest models of the Lennox furnace company. The AFUE ratings of furnaces in the series maintain the highest score. This series of furnaces are equipped with the following features : 

  • Minimal energy use and cheap operational cost. 
  • High-quality performance and speedy operations
  • Great warranties at a reasonable price. 

Best Furnace Models By Lennox (Quick Review)

Lennox Dave Lennox Signature Collection SLP98V

It is an industry-leading premier model that the company sells. It comes with excellent features that can satisfy the needs of the buyers. It is a modulating furnace that includes airflex technologies and SilentComfort features.

When it comes to efficiency, it has won the title of ENERGY STAR in 2018 by providing an excellent AFUE rating above 98.7%. We can say that SLP98V is the most progressive furnace available in the current market. 

Furnace Specification

  • Tier – Best
  • Furnace type: Modulating
  • AFUE: 98.7 percent
  • ENERGY STAR certified: Yes
  • Price range: $6,170 – $7,500

Lennox Elite Series EL296E 

The model can function two distinct heat output intensities simultaneously, proving itself to be an excellent two-stage unit. These characteristics of the EL296E lessen the temperature fluctuation in your home, providing better management of humidity levels.

It comes among the affordable, high-efficiency furnaces that can deliver the best heating performance. The model is also reliable in terms of its services. 

Furnace Specification

  • Tier – Better
  • Furnace type: Two-stage
  • AFUE: 96 percent
  • ENERGY STAR certified: Yes
  • Price range: $4,835 – $6,170

Lennox Merit ML296V

Although it is an entry-level furnace, it provides promising performance. You will get enhanced energy efficiency due to its variable-speed blower motor and two-stage operation. Lennox Merit ML296V offers you consistent temperatures and control over humidity.

Furnace Specification

  • Tier – Basic
  • Furnace type: Two-stage
  • AFUE: 96 percent
  • ENERGY STAR certified: Yes
  • Price range: $3,500 – $4,835

Lennox Elite Series EL195E Furnace Stats

It is a high-performance model with remarkable potential and efficiency. You get maximum comfort while using this product with its embedded power saver technologies. With a reasonable warranty, enjoy the benefits of controlled temperature at your home. 

Furnace Specification

  • Tier – Better
  • Furnace type: Single-Stage
  • AFUE: 95 percent
  • ENERGY STAR certified: Yes
  • Price range: $4,835 – $6,170

Features of Lennox furnaces

  • The Merit and Elite series of Lennox comes with strong power saver technologies. Such furnaces use less energy while perfectly heating your house. 
  • The products can operate at a remarkably low decibel level by using the combination of advanced engineered technologies. The technologies include SilentComfort, sound-absorbing insulation, variable speed technology, etc. However, these features are available for top-tier models only. 
  • The implementation of airflex technology permits your nearby HVAC specialist to check and control the settings of the blower. They can customize the settings on the basis of your climate and remote area. This technology fulfills your lifestyle needs. 
  • The products come with a compatibility level with the iComfort S30 Thermostat. It is an intelligent programmable thermostat through which you can control humidity and temperature, screen your HVAC system, etc.  It can also scale the performance, report issues, run diagnoses as well as troubleshoot the errors. And the best feature aside from all this is it can even send updates to your nearby HVAC expert. This way, it helps in streamlining maintenance repairs easier and quicker at affordable prices. 
  • Another great feature of Lennox furnaces is duralock technology. The heat exchanger uses duralock plus technology that you can find in most of the company’s products. It is embedded into the furnaces as a primary or secondary heat exchanger. It works like a clamshell heat exchanger manufactured with high-class ArmorTuf steel. All these qualities make the furnace units highly reliable and efficient. 

Related: Also Check Our Other Popular Furnace Brands Review and Price Analysis Click Here

Lennox Power Consumption Table:

This table is created to give you an approx estimation of power consumption and cost. The model used here is Lennox SL297NV Ultra Series

Model NumberCapacity (MBtu/hr)AFUEAnnual Gas Use (MMBtu)Annual Energy Use (kWh)Annual Cost (National Average)*Lifetime Cost to Operate**% Saving over Standard Furnace

Warranty by Lennox Furnace

Lennox furnaces are one of the highly demanded products among its consumer base. In terms of warranties, they are satisfactory to the buyers by securing your investment in products for a good number of years. 

The duration of the warranty depends on the type of tier and series of the product. Here is an overview of varied warranties of Lennox furnaces in terms of series:

Lennox Basic Merit Series 

The guarantee limit for the basic merit series is up to 20 years on the heat exchanger. In addition to this, customers will get a five-year warranty on products’ components. However, with registration, the product can get an extension of 10 years of the contract. 

Lennox Elite series

With the Elite series, you will get a lifetime guarantee on the heat exchanger. Plus, on components, you will get a five-year limited guarantee period. However, within the 60 days of installation, you can register for ten more years of the warranty extension. 

Lennox Dave Lennox Signature Collection

On the best tier model range, you will get a lifetime guarantee period on the heat exchanger. Further on components, you will get a ten-year guaranteed limited cover.


Buying the perfect furnace for your house might get difficult and confusing if you are unaware of the products’ information. Carefully going through every detail of a furnace before buying it will lead you to a suitable purchase. Hopefully, our review of the Lennox furnace was helpful for you. If you wish to read a particular model review. You can click on the read complete review and check it out.

Scroll to Top