One thing to consider - assuming you have 2 springs and an opener, unless the other spring is quite new, you should replace it at the same time, first because it will probably break fairly soon anyway and changing two is only about $50 more than changing one, and because the springs on both sides should be of equal stiffness - if not, then the door will be unevenly weight compensated and try to open cockeyed, increasing wear and risk of damaging the motor.

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My garage door torsion spring broke so I decided to replace it myself. Shipping was next day. I got the torsion spring rod at a local hardware store. Easy to install once I figure out how to lock down the rod from moving and loosening the door cable on the side. Instructions tells you how to do it. Great replacement spring and save $$$ doing it myself.
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Guest 9232954 -- check out the other answers for this question, and the links below the answers for even more - seems from $125-400 range from different contributors (should be replaced in pairs for balanced lifting unless one spring is quite new), about $200-250 or 300 seems a common charge. The springs themselves generally run about $20-50 each depending on lead they have to carry.
Measure the length of the relaxed spring. Unfortunately, you can’t measure the springs while they’re installed as the tension on them would provide you with the wrong measurement. Now that you’ve removed the springs, use a tape measure to find the length of the entire spring, from one end to the other. You’ll need this information in inches to order replacement springs.[6]

I went on Garage Door Nation website to look at the conversion chart from 1 to 2 torsion springs. For my 1 spring, size 2"/0.250ID/30.5" length, they recommended 2 of 2"/0.207ID/24" length. I got this kit from Amazon for $64 with $11 overnight shipping even though I could get free shipping through Prime over the weekend, but I couldn't wait for 3 more painful days. Installed it followed YouTube video. Worked better than my old one, a lot quieter. Check the video if you want to install one yourself. Professional installation costs hundreds of $$$:
As mentioned, the only time you should attempt to open a garage door with a broken torsion spring is during an emergency. Otherwise, you should contact a service technician for emergency repairs. We provide same-day garage door service for people just like you who find themselves stuck and unable to move due to a faulty torsion spring. For prompt, reliable service any time of the day or night, please contact us.

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They were quick, friendly, and highly professional. Little things like making me enter security code from the other side of the closed garage door revealed their attention to security They had to run to Home Depot to get a small block of wood to fix an existing problem with the door — They didn’t charge me extra. Quite unexpected & appreciated. 10 out of 10

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Measure the length of the relaxed spring. Unfortunately, you can’t measure the springs while they’re installed as the tension on them would provide you with the wrong measurement. Now that you’ve removed the springs, use a tape measure to find the length of the entire spring, from one end to the other. You’ll need this information in inches to order replacement springs.[6]
In order to replace your garage door spring(s), you will need to find the current measurements in order to accurately replace the spring(s). This should take about 3 minutes and you don't need to remove the springs or loosen the tension to measure them. Our springs are made to be a bit flexible, so you don't have to get it to an exact measurement. 

Most doors come with electric door openers. After a while these openers malfunction and need to be replaced. If your opener is broken, you’re in luck. These repairs don’t cost very much and can be replaced easily. You might even be able to do it yourself. Learn how to replace your garage door opener in 15 minutes https://www.youtube.com/watch?v=HeaR6Yhx6IY.
Carter door: Garage doors in Florida come with extra bracing on the back and are wind-loaded to protect against hurricanes. The average with is 350 lbs. but some can weigh as much as 800 lbs. It can cost up to $1,000 dollars to replace a steel two-car garage door and if it’s made of wood it can cost you up to $5,000 dollars. Some customized doors can be as much as 20 – 30k.

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After you’ve ordered your new garage door, we’ll perform a site inspection to confirm your door size. We’ll contact you to schedule the installation, and our professional installers will do the rest. They’ll deliver your door, take down the old door, reconnect your opener if there is one, seal your perimeter and provide a final walk-through where they’ll clean up the area and haul away your old door. Additional fees for haul away may apply in some markets. We are happy to provide answers to questions you may have at the time of your garage door and opener installation. http://www.youtube.com/watch?v=Z_eZc-kh40c
Our technicians are specially trained to handle a variety of garage brands, styles, and configurations. After arriving at your home, a Sears technician will diagnose the problem and walk you through the options for fixing it. Next, the technician will make any necessary adjustments or replace broken parts to ensure the door can be operational once again. We always attempt to complete repairs the same day of service, and your satisfaction is guaranteed. Our representatives are standing by for your call and are happy discuss pricing options.
"I wanted to thank you for the overall great customer service Garage Door Nation recently provided me regarding a broken torsion spring on my 7'x16 garage door. Having heard the horror stories associated with DIY torsion spring replacements, I was concerned about my ability to tackle my garage door repair on my own. However, the expert videos on how to properly measure and order parts as well as the "how to" on the actual replacement made the project simple and straight forward. Additionally, I received my parts in three business days which allowed me to complete the repair ahead of schedule."
No matter what kind of door you are installing, be very careful. The instructions that follow are merely guidelines. You should read your garage door manufacturer's instructions and owner's manual very carefully before attempting either type of installation. And if you're a do-it-yourself greenhorn, skip this project and hire an experienced professional. It may be more expensive, but garage door installation is on the higher scale of DIY difficulty.
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