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Ceiling fan installation costs can vary widely based on factors such as the height of the ceiling, whether there's existing wiring, and local labor rates. Generally, one should pay between $100 and $300 for professional installation.

If the fan doesn’t have a switch, connect the white wire from the ceiling to the white wire from the fan; connect the green wire to the ground wire; connect both black wires; and connect both blue wires. If yours has a switch, the white and green wires are connected the same way. However, connect the ceiling’s red wire to the light’s black wire and the ceiling’s black wire to the fan’s black wire. 

Generally, a ceiling fan should be mounted at least seven feet from the floor in the center of your room with a wall clearance of around 18 inches. If your ceiling is more than eight feet high, it’s recommended by experts that the ceiling fan be mounted around eight to nine feet from the ground. This helps ensure a better quality of circulated airflow.

Ceiling fans are very often worth the investment because they improve comfort in your living space and help reduce utility bills. In the late spring and early fall—and even in the summer in some areas—homeowners with ceiling fans can often get away with open windows and fans, which can cut down on cooling bills and also reduce wear and tear on the HVAC system. Over time, ceiling fans can pay for themselves by saving you money on electric bills and air conditioner repair and maintenance.