| Determining heat pump cost is important in order | | | | want to install a dual fuel air source pump, |
| to justify the purchase of these devices. They | | | | installation prices can range from $2,500 to |
| can make your homes warm during winter and | | | | $5,500. This type of pump can be run by natural |
| cool during summer using just one system instead | | | | gas or propane furnace under a single control |
| of two separate systems like an air conditioner | | | | system. Including installation, the pump and the |
| and a furnace. They are best suited for moderate | | | | fuel furnace can range from $5,000 to $10,000. |
| climates that require moderate heating and cooling. | | | | If you are looking for a higher efficiency heat |
| However, there are also dual models of this | | | | pump, you can try the geothermal or ground |
| device, which can be paired with back up fossil | | | | source or water source type. For a complete |
| fuel furnaces for reasonable comfort in colder | | | | installation of this kind of device, it will cost from |
| places. They can be of two types: an air source | | | | $10,000 to $25,000 or more depending on the |
| type, which can move heat between indoors and | | | | length and depth of the underground pipes, soil |
| outdoors; and a geothermal type, which captures | | | | conditions, and other excavation and installation |
| and moves heat between the indoors in relatively | | | | factors. Systems that are more expensive can |
| constant temperatures just below the earth's | | | | also include options such as a two-stage |
| surface. The cost usually includes installation. | | | | compressor or a hot water heater. |
| Installing an air source type of this device can | | | | For older homes though, there might be additional |
| range from $500 to $1,500. Installation usually | | | | costs. This is because old homes usually require |
| needs a small hole through the wall or window | | | | hiring an electrician to upgrade the electrical panel |
| unit, which can cool and heat single rooms. | | | | to 200 amps, which can cost an additional $1,300 |
| However, if the house has existing ductworks, a | | | | to $3,000. You might also get discounts when you |
| split system, that means one unit on the outside | | | | purchase an energy efficient type. You can ask |
| and one unit on the inside. This can be utilized with | | | | your local company for rebates or you can |
| a cost that ranges from $2,000 to $5,000 for an | | | | search for rebates that can be listed in some |
| average home with a three-ton capacity. | | | | sites like Energystar.gov. Since 2009, an energy |
| For homes without existing ductwork will need | | | | efficient heat pump can qualify for $300 to |
| professional installation of a ductless mini-split | | | | $2,000 in federal tax credits. |
| electric air source type of this device. This will | | | | In looking at heat pump cost, you can also look at |
| entail a higher cost than houses that already have | | | | the factor list of the Department of Energy. Their |
| existing ductworks. Heat pump cost of this type | | | | list will give you factors to consider in buying an |
| ranges from $4,500 to $6,000 or more depending | | | | energy efficient heat pump and will even give you |
| on the number of units needed. | | | | advanced features to look for that will improve |
| For people who live in moderate climates and | | | | your pump's heating performance. |