How Much Does a Heat Pump Cost?

If the time has come to replace your heating and air conditioning systems, you may have started weighing the pros and cons of installing a heat pump. This unique HVAC system can heat and cool your home. Additionally, it’s known for being highly energy efficient, which can help you save money on your utility bills.

You have a lot to gain from installing a heat pump. However, it’s understandable if you’re worried about costs. It’s important to make sure your new investment fits within your budget.

So, how much does a heat pump cost? When it comes down to it, you can end up paying anywhere from $2,500 to upwards of $30,000 to install one of these systems. Now, why such a large price range? Many factors can affect your heat pump installation costs. Let’s review these factors at greater length below.

Heat Pump Type

Did you know that there is more than one type of heat pump to choose from? Although it’s great to have so many different options, it’s also important to note that the type of heat pump you install can impact how much the installation will cost.

All-in-all, air-source heat pumps tend to be the cheapest option to install. These units work by pulling heat energy from the air and are some of the easiest to install. They’re also a common choice among homeowners for their lower upfront costs.

Next up is geothermal heat pumps. As the name suggests, these units pull heat energy from the ground. Since the equipment needs to be installed in the ground, this means that geothermal heat pumps usually have higher upfront costs than their air-source counterparts.

Solar and hybrid heat pumps are also options. You can generally expect solar-powered units to have some of the highest prices of the bunch. However, it’s worth noting that solar heat pumps are highly energy efficient, which means you can expect to have lower monthly bills to offset the higher upfront cost. On the other hand, the average costs of installing hybrid units tend to fall somewhere in the middle of the pack.

Heat Pump Size

The cost you pay for an installation can also vary spending on what size heat pump you need. It’s essential to choose a heat pump with the capacity to keep up with your family’s heating and cooling requirements. So, how much does a heat pump cost if it has a larger capacity?

Generally, you can expect larger heat pumps to cost more. Although the size of your system can have an effect on upfront costs, it’s crucial to install one that matches the size of your home. This way, you can ensure your heat pump will run as efficiently as possible and can meet your comfort needs.

Ductwork Requirements

Many types of heat pumps need to be connected to a duct system. This is certainly a factor you need to consider before purchasing one of these HVAC systems for your home. So, how much does a heat pump cost if you need to have air ducts installed? Overall, heat pump installation costs can be much higher than if you already have existing ductwork.

If you don’t have ductwork in your home, you may be pleased to learn that there are also ductless heat pumps on the market. These systems don’t require you to have air ducts installed. Instead, ductless mini-split heat pumps are installed conveniently in the rooms you wish to heat or cool.

Installation Location

Believe it or not, where you live can also impact heat pump installation costs. Now, you might be wondering, “How much does a heat pump cost in warmer or moderate climates?” 

In general, homeowners who live in more moderate climates can expect to pay less for their installation than those who live in areas with colder weather. That’s because colder weather can often require a larger unit to be installed.

Labor Costs

To round out our discussion, we have to talk about labor costs. As we already mentioned, there are some instances where more labor may be required to install a heat pump in your home. For example, with a geothermal heat pump, a professional team will need to provide excavation services. At the same time, you may also need to install new ductwork. This additional labor can factor into your heat pump installation costs.

Choose Dilling for Expert Heat Pump Services

Are you ready to install a heat pump? Turn to the professional team at Dilling! We’re proud to install air conditioners, heating systems, and heat pumps throughout Gastonia, NC, and the surrounding areas. Our experts are here to help you stay comfortable throughout the year. We also offer American Standard HVAC financing to accommodate your budget.

You can count on our heating and cooling experts in Clover to meet your expectations. Contact us today to request an appointment!