120,000 BTU furnaces

Every certified furnace at this input rating, gas and oil, ranked by AFUE — the share of fuel that becomes heat in the house.

Data current as of July 12, 2026 · 661 certified units · source AHRI + ENERGY STAR

Which efficiency tier is worth buying at this size?

Furnace installed cost tracks the efficiency tier, not the size — so the decision at any input rating is which tier to buy, and there are two steps. Running costs below come from the certified units at this size over a 40 MMBtu season, the default our operating-cost calculator uses.

Step 1 · 80% → condensing

16-year payback

About $2,000 more to install, saving $122 a year in gas. Inside the life of a furnace — this step is worth taking.

Step 2 · condensing → modulating

Never

Another $2,750 to install for $12 a year. The gas saving is nearly nothing because the first step already captured it — buy this tier for quiet, even heat and better humidity control, not for the bill.

At this size

173 of 661

certified units are condensing (90%+ AFUE), running about $707 a year against $830 for the 80% band.

Install bands are US national typical for a like-for-like swap, compiled 2026-07-16; a condensing furnace also needs new PVC venting and a condensate drain, which is part of why the step costs what it does. Gas cost per MMBtu is computed from certified AFUE and EIA average prices — see our methodology.

Highest AFUE in this group

FUJITSU FF98MV511524UPS*A

AFUE 98.6 · $17.04 per MMBtu to run.

See installed costs →

AFUE is the share of fuel a furnace turns into heat in your home. 96% AFUE wastes 4 cents of every dollar.

Every unit here is the same input rating, so the ranking is efficiency at a fixed size. Sizing is a heat-loss calculation, not a rule of thumb — a bigger furnace short-cycles rather than heating better.

The 20 highest-AFUE of 661 certified units · 2 with a verified place to buy

Brand & model AFUE Input Fuel$/MMBtu Buy
FUJITSU FF98MV511524UPS*A 98.6 112,000 BTU Natural Gas, Propane Gas $17.04 Get quotes
RHEEM R98MV1155A24UPS 98.6 112,000 BTU Natural Gas, Propane Gas $17.04 Get quotes
LENNOX SLP99UH110XV60C* 98.1 110,000 BTU Natural Gas, Propane Gas $17.13 Get quotes
GE NF98U110M5CR 98.0 110,000 BTU Natural Gas, Propane Gas $17.14 Get quotes
AIREASE A98USMV110C20S*-* 98.0 110,000 BTU Natural Gas, Propane Gas $17.14 Get quotes
COLEMAN BY JOHNSON CONTROLS CP9C120D20MP13 98.0 120,000 BTU Natural Gas, Propane Gas $17.14 Get quotes
LENNOX SLP99DF110XV60C* 97.5 110,000 BTU Natural Gas, Propane Gas $17.23 Get quotes
CARRIER 59MN7C120C24--22 97.2 120,000 BTU Natural Gas, Propane Gas $17.28 Buy
THERMAL ZONE TZ97UP2V115D5SA 97.0 112,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
FUJITSU FF97TV511524UPS*A 97.0 112,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
DURASTAR DR97UPAW1152524S 97.0 112,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
RHEEM R972V1155A24UPS 97.0 112,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
LENNOX ML297DF110XV60C* 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
LENNOX ML297UH110XV60C* 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
GE NF97D110T5CR* 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
GE NF97U110T5CR* 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
KEPLER 97G2UH110CV20*-* 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
BOSCH BGH97M120D5A 97.0 120,000 BTU Natural Gas, Propane Gas $17.32 Buy
BLUERIDGE B97UR1102V5C 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes
GE NF97D110V5CR 97.0 110,000 BTU Natural Gas, Propane Gas $17.32 Get quotes

Showing the top 20 by AFUE. All 661 certified units in this group are filterable in the full database — we rank here rather than dump, because a table nobody can read is not a resource.

Capacity and efficiency are AHRI-certified values; $/MMBtu is computed by us from EIA energy prices — see methodology. Input rating is the fuel the burner consumes; output is lower by exactly the AFUE.