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Lennox Signature Collection SLP99V Furnace Review: Premium Efficiency & Precision

Average Cost: $7,000 to $10,000

Key Features

  • Up to 99% AFUE, one of the highest efficiency ratings available
  • Fully modulating heat output with variable-speed blower for precise temperature control
  • SilentComfort® technology and cabinet insulation for quiet operation
  • Compatible with iComfort® smart thermostats, PureAir™ filtration system, and dual-fuel setups

The Modernize Mission

Modernize maintains homeowner-first editorial integrity, meaning we accept no commissions and no partner links for this review. Our reviews are thoroughly fact-checked by our home improvement experts. Ratings are determined by a sophisticated algorithm to rate brands, including analyses of products, materials, quality, costs, sizes, durability, energy efficiency, and warranties.

What the SLP99V Delivers

The SLP99V is Lennox’s flagship gas furnace in the Signature Collection. It is designed for homeowners who want the absolute best in efficiency, performance, and comfort. With its modulating gas valve and variable-speed blower, the furnace delivers consistent, even heating while minimizing noisy on-off cycles.

SilentComfort technology and heavy insulation reduce noise to a whisper, while smart compatibility with Lennox’s advanced thermostat and filtration systems make it a perfect fit for modern homes.

Lennox SLP99V Furnace Specifications

Lennox SLP99V Furnace Specifications
FeatureSpecification
AFUEUp to 99%
Gas ValveFully modulating
Blower MotorVariable-speed ECM
Noise ReductionSilentComfort® technology, insulated blower compartment
Smart ControlsiComfort® thermostat, PureAir™ air filtration, zoning and humidifier compatibility
WarrantyLifetime heat exchanger warranty, 10-year parts warranty (with registration)

Key Benefits of the SLP99V

  • Outstanding Efficiency: With up to 99% AFUE, the SLP99V is one of the most efficient furnaces available, converting nearly all fuel into usable heat.
  • Consistent Comfort: Modulating heat output and a variable-speed blower keep temperatures stable throughout the home.
  • Quiet Operation: SilentComfort technology and insulated cabinet design reduce noise dramatically.
  • Smart Integration: Works seamlessly with Lennox smart thermostats, IAQ products, and zoning systems for maximum comfort.
  • Durability and Warranty: Backed by strong warranty protection and built with premium materials for long-term reliability.

Lennox SLP99V Furnace Product Photo

How the SLP99V Compares to Other Top Furnaces

Lennox SLP99V Comparison
ModelAFUEGas Valve / Blower TypeNoise & ComfortCost (Installed)Best For
Lennox SLP99VUp to 99%Modulating + Variable-SpeedUltra-quiet, precise control$7,000 to $11,000+Ultimate efficiency and comfort
Rheem R98MVUp to 98%Modulating + Variable-SpeedQuiet with sealed combustion$6,000 to $10,500High efficiency with safety features
Trane XC95m / Premier 96 MUp to 97.3%Modulating + Variable-SpeedVery quiet, stable heating$6,500 to $11,500Reliable performance and comfort

The Lennox SLP99V stands at the top of the furnace market for AFUE efficiency, with unmatched quiet operation and premium customization. While Rheem and Trane compete closely, Lennox sets itself apart for maximum efficiency and smart integration.

Best Use Cases

  • Cold Climates: Perfect for areas with long, harsh winters where maximum efficiency means major savings.
  • Smart Homes: Works best when paired with Lennox’s smart thermostats and accessories.
  • Noise-Sensitive Households: Designed for ultra-quiet performance in bedrooms, nurseries, and open living spaces.
  • Large Homes: Consistent modulation and airflow make it ideal for large or multi-zone homes.

Lennox SLP99V Furnace Cost and Installation

The Lennox SLP99V typically costs $7,000 to $11,000+ installed.

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Price depends on:

  • Furnace size and heating capacity
  • Whether it is a replacement or new installation
  • Ductwork or venting modifications
  • Local labor and permit costs
  • Optional upgrades such as zoning or smart thermostats

Though more expensive than standard furnace models, its efficiency, comfort, and energy savings make it a worthwhile investment for many households.

Regional Pricing and Rebates

As with any HVAC system, labor and permitting costs vary by location. High-cost areas like California, New York, and the Northeast generally fall at the top of the price range, while the Midwest and South trend lower.

Because the SLP99V is ENERGY STAR Most Efficient certified, it often qualifies for utility rebates, state incentives, and the federal tax credit for high-efficiency heating equipment, helping offset installation costs.

Lennox SLP99V Cost by Region + Utility Savings for Lennox SLP99V

Lennox SLP99V Cost + Savings
RegionEstimated Installed Cost (SLP99V)Avg Annual Heating Fuel Cost*Estimated Annual Savings vs. Mid-Efficiency (90 to 94% AFUE)
South$5,500 to $7,000~$1,100 to $1,400$150 to $250
Midwest$5,800 to $8,500~$1,300 to $1,700$200 to $350
Northeast$6,000 to $9,000~$1,500 to $2,000$250 to $400
West$6,000 to $8,800~$1,400 to $1,800$200 to $350

*Based on natural gas fuel costs, a 2,000-sq ft home in a typical climate, and moderate heating usage. Actual costs vary with local utility rates and home insulation.

What This Means for Homeowners

If you move from a mid-efficiency furnace (90 to 94% AFUE) up to the SLP99V (up to 99% AFUE), you will likely see $150 to $400+ per year in fuel savings, depending on your region.

For colder climates like the Northeast and Midwest, the payback is especially strong because the furnace operates for longer periods — so the higher upfront investment can be offset more quickly.

To maximize savings, ensure ducts are sealed, installation is done correctly, and thermostat settings are optimized — inefficiencies elsewhere can diminish the benefits.

Maintenance & Longevity

With proper maintenance, the SLP99V can last 15 to 20 years or more. Recommended care includes:

  • Annual inspections of burners, heat exchanger, and controls
  • Replacing filters every 1 to 3 months
  • Regular blower cleaning and venting checks
  • Updating smart thermostat controls as needed

Because of its variable operation, the SLP99V experiences less wear and tear compared to single-stage furnaces, which helps extend its life.

Lennox SLP99V Furnace Customer Feedback

Homeowners frequently highlight the SLP99V’s near-silent operation and stable temperatures. Many note lower heating bills and improved comfort compared to older furnaces.

Some drawbacks include higher upfront cost and the need for professional installation by Lennox-certified dealers, which can increase labor rates and availability in some areas.

Frequently Asked Questions About the Lennox SLP99V

When researching a premium furnace like the Lennox SLP99V, homeowners often want to know how it compares in cost, efficiency, warranty, and real-world performance. Below are some of the most common questions and answers.

How efficient is the Lennox SLP99V?

The SLP99V is one of the most efficient furnaces on the market, with an AFUE rating of up to 99%. That means nearly every dollar spent on fuel goes directly toward heating your home, with very little wasted energy.

How much does the SLP99V cost to install?

Installed costs for the SLP99V generally range from $7,000 to $11,000+, depending on your home size, installation complexity, ductwork condition, and regional labor rates. Rebates and incentives may help offset these costs.

How quiet is the SLP99V compared to other furnaces?

Thanks to Lennox’s SilentComfort® technology and insulated cabinet, the SLP99V is exceptionally quiet. Many homeowners describe it as “nearly silent,” even when operating at higher speeds.

What kind of warranty does Lennox offer on the SLP99V?

The SLP99V includes a lifetime limited warranty on the heat exchanger and a 10-year limited parts warranty when the furnace is registered after installation. Always confirm registration requirements to ensure coverage.

How long will the SLP99V last?

With proper professional installation and regular maintenance, the SLP99V can last 15 to 20 years or more. Its modulating and variable-speed design reduces stress on major components, extending the system’s lifespan compared to single-stage furnaces.

Is the SLP99V worth the higher upfront cost?

For homeowners in colder climates or those who value quiet operation, smart integrations, and top-tier efficiency, the SLP99V is worth the investment. The fuel savings over time, combined with comfort improvements, help offset the higher purchase price.

Final Thoughts: Is the Lennox SLP99V Worth It?

The Lennox SLP99V is one of the most efficient and advanced furnaces on the market. With its 99% AFUE rating, ultra-quiet design, and smart integrations, it delivers unmatched comfort and long-term savings.

While it carries a higher price tag, the combination of efficiency, warranty protection, and premium performance makes it a strong investment — especially in cold climates and homes where comfort and quiet matter most.

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