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$4,890 to $7,410 – Heat Pump Cost Installed

The average replacement cost of a residential heat pump system is $6,700 for a complete 2.5 to 3 ton heat pump system, installed by a local HVAC pro near you.

HeatPumpPriceGuides.com is a consumer price guide dedicated to helping homeowners learn about heat pump prices for their home HVAC systems. The information published on this site is kept as current as possible, and continually updated with the latest 2021 heat pump pricing data that we compile from leading online resources, direct interaction with visitors like yourself, as well as HVAC industry data.

Split System Heat Pumps are comprised of three or more main components, a thermostat control, and installation accessories that connect the components and allow them to work together properly. Anytime we refer to a complete heat pump system, we’re referring to the outdoor heat pump condensing unit, an air handler with evaporator coil, electric heating strip, duct system, thermostat, and a refrigerant line-set to connect the system.

Factors that Affect the Installed Cost of a Complete Heat Pump System

How much does a heat pump cost? There’s no easy answer to that due to the many variables affecting heat pump prices.

Type of Unit:Heat pump types to consider are air source split systems (Most common), packaged units (Least common), mini split heat pumps (Common in small areas) and geothermal heat pumps (Most expensive).

Equipment Brands: Quality is just one of the factors affecting heat pump brand pricing. You might be surprised at some of the other reasons some brands cost more.

Equipment Size: Residential heat pumps range in sizes from 18,000 to more than 60,000 BTUs.

Efficiency: Heat pump efficiency is important to consider.

Performance: Heat pump performance features like staged heating and air conditioning affect indoor climate control and comfort.

Installation: Your replacement options include just the installation of a new outdoor unit and indoor coil, but there are an appealing range of add-ons to consider.

Job Needs: Are you installing a new heat pump to a new home? This is going to cost a considerable amount more due to the needs of ductwork, added wiring for electricity and a thermostat, etc.

All these cost factors are discussed at length below in detailed FAQ and Buying Guides that will inform and assist as you make your heat pump purchasing decision. For example, consider your system preference. Would your home be best served by a packaged or split system heat pump, a furnace plus an AC or a heat pump for both cooling and heating? Important questions of system size and the energy efficiency of the equipment are also discussed.

Different Types of Heat Pump

You have several heat pump types to consider, and each has a unique niche to fill. Here’s an overview of the equipment required and the cost of each heat pump system.

Air Source Heat Pump Systems

Cost:$4,400 – $8,500, Installed

The installed cost of an air course, split system heat pump system ranges from $4,400 to $8,500 for average-sized homes. Large, high-performance heat pumps can exceed $10,000. Cost factors include the energy efficiency of the system, whether it offers staged heating and cooling that improves indoor climate control and the difficulty of the installation. Ductwork can run another $2,500 to $5,000 or more depending on the size of the home.

Ducted air source heat pumps are the most common replacement heat pump systems. They are also popular for new construction when homeowners want a “tried and true” option they’re familiar with. These systems are a good choice for regions of the country without extreme winter cold.

Equipment: Air source heat pumps are also called split system heat pumps. The outside unit is the condensing unit, though often simply referred to as the heat pump. An indoor air handler contains a blower fan that circulates treated air – air that has been heated or cooled. Coils are installed in both locations. A line set containing refrigerant runs between the coils, absorbing heat in one location and dispersing it in the other. System sizes range from 1.5 tons, or 18,000 BTUs, to 5 tons, aka 60,000 BTUs.

Performance: The systems are controlled by a thermostat. When the thermostat is set to COOL, the system collects heat indoors and pumps it outside. When in HEAT mode, a reversing valve in the system changes the direction of the refrigerant flow, and the system collects heat outdoors to pump inside and release. Heat pumps are available in single-stage, 2-stage and variable-capacity heating and AC performance.

Packaged Heat Pump Systems

Cost: $5,700 – $8,000, Installed

Average installed cost of a typical 3 ton, 2-stage packaged heat pump will be $5,700 to $8,000 depending on installation factors. Add-ons to improve air quality raise cost.

These all-in-one systems are mostly installed in homes without a basement. Rather than having the equipment take up living space, it is located entirely outside, usually on the ground, but occasionally on the roof. Because packaged units aren’t as common, you have a limited number of options for energy efficiency and performance.

Equipment: Packaged heat pump systems combine the condensing unit and air handler in a single cabinet that is installed outside. The equipment is connected to the home’s ductwork, and air is circulated by a blower in the air handler. Like a split system heat pump, it is controlled by a thermostat. Sizes range from 2 tons to 5 tons.

Performance: Most packaged heat pumps offer single-stage or 2-stage performance, but a limited number of variable capacity packaged units are hitting the market. Energy efficiency ranges from low to average; You don’t have the super-efficient options that split system and mini split systems offer.

Mini Split Ductless Heat Pump Units

Cost: $2,200 to $4,000, Installed

Ductless heat pump cost varies widely based on system size and the number of indoor units. Installed price averages about $2,200 to $4,000 for single-zone systems; about twice that for multi-zone heat pumps.

These popular split systems offer excellent efficiency and climate control. Mini split systems are also called ductless heat pumps because no ductwork is required, so they’re a good choice for new construction and areas of a home not adequately served by the central HVAC system.

Equipment: Their name comes from the compact size of the condensing unit, about half the size of a standard heat pump. Each outdoor condensing unit serves from one to four indoor units called evaporators. Wiring, refrigerant lines and a drain line connect the outdoor and indoor equipment. Your size options range from 9,000 BTUs to 48,000 BTUs for most systems.

Performance: All mini split heat pumps have variable capacity compressors to deliver outstanding temperature balance and energy efficiency that is higher than most split system and packaged heat pumps.

Ground Source Geothermal Heat Pump Systems

Cost: $9,500 to $15,000 and up, Installed

While pricing has come down as more manufacturers and installers enter the geothermal market, but the cost of a geothermal heat pump averages about $15,000, and some cost much more.

Ground source heat pumps, aka geothermal heat pumps, take advantage of the stable temperatures underground or in a body of water. This improves efficiency by making it easier to collect and disperse heat. They’re also called ground source heat pumps.

Equipment: Most geothermal systems are split heat pumps with an outside condensing unit and indoor air handler. Additionally, they employ water-filled tubing laid in horizontal troughs or vertical shafts or wells to collect and “dump” heat based on whether the system is heating or cooling the home.

Performance: Energy efficiency is excellent, though not significantly better than the most efficient air source and mini split heat pump systems. For this reason and due to the higher cost, geothermal might not be the best value for your home.

Heat Pump Price List by Leading Brands

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