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Posted 02/20/2023 in Heating and Cooling

What Should A Heat Pump Cost?

What Should A Heat Pump Cost?

What Should A Heat Pump Cost?

Heat pumps are an increasingly popular choice for home heating and cooling, thanks to their energy efficiency and versatility. However, one of the biggest questions homeowners have when considering a new heat pump is how much it should cost. The answer depends on a variety of factors, including the type of heat pump, the size of your home, and where you live. In this article, we'll explore the cost of new heat pumps, including split wall-mounted systems, to help you make an informed decision about your purchase. 

Types of Heat Pumps 

Before we dive into cost, let's briefly discuss the different types of heat pumps available. There are two primary types of heat pumps: air source and ground source. 

Air source heat pumps extract heat from the outside air to heat your home in the winter, and they can also provide air conditioning in the summer. They're typically less expensive to install than ground source heat pumps, but they're also less efficient in very cold temperatures. 

Ground source heat pumps, also known as geothermal heat pumps, extract heat from the ground to heat your home in the winter and cool it in the summer. They're more expensive to install than air source heat pumps, but they're also more efficient and can save you more money on energy bills in the long run. 

Within each type of heat pump, there are also different styles available, including split wall-mounted systems. 

Split Wall-Mounted Heat Pump Systems

What Should A Heat Pump Cost?Split wall-mounted heat pump systems are a popular choice for homeowners who want to heat and cool individual rooms or zones in their home. These systems consist of an indoor unit that mounts on the wall and an outdoor unit that sits outside the home. The indoor unit blows air over a heat exchanger, which is connected to the outdoor unit by refrigerant lines. This allows the system to transfer heat between the indoor and outdoor units and effectively heat or cool the room. 

The cost of a split wall-mounted heat pump system will depend on several factors, including the size of the system, the brand, and the features. Generally, you can expect to pay anywhere from $1,500 to $5,000 for a single-zone system. Multi-zone systems, which can heat and cool multiple rooms or zones, can cost anywhere from $3,000 to $10,000 or more, depending on the number of zones and the size of the system. 

Factors that Affect Heat Pump Costs

When you're considering the cost of a new heat pump, there are several factors to keep in mind. These include: 

  1. Size: The size of the heat pump you need will depend on the size of your home, the number of rooms or zones you want to heat or cool, and your climate. A larger heat pump will cost more than a smaller one, but it may be necessary to effectively heat and cool your home. 
  2. Efficiency: The efficiency of a heat pump is measured by its SEER (Seasonal Energy Efficiency Ratio) and HSPF (Heating Seasonal Performance Factor) ratings. Higher ratings indicate a more efficient system, which can save you money on energy bills over time. However, more efficient systems may also cost more upfront. 
  3. Brand: The brand of heat pump you choose can also impact the cost. More well-known brands may be more expensive than lesser-known brands, but they may also come with better warranties and customer support. 
  4. Installation: The cost of installation will depend on the complexity of the installation, the location of the outdoor unit, and the cost of labor in your area. It's important to choose a reputable installer to ensure that your system is installed properly and safely. 
  5. Rebates and incentives: Some states and utilities offer rebates or incentives for installing energy-efficient heat pumps. Be sure to check if you're eligible for any programs that could.