How Much does it Cost to Replace a Heat Pump?
On average, a heat pump replacement and installation may cost close to $5,000. Installing a new heat pump primarily combines the price of both the actual heat pump and the cost of hiring professional labor. But one price does not fit all.
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Each home is different, so prices will vary. Is a heat pump worth the cost? Here are some things to think about when it comes time to make a decision.
Factors to Consider
Your home is unique, as are your home appliances. Therefore, the price of a hot new heat pump will largely depend on your preferences and your home’s needs.
A Heat Pump to Fit Your Space
The bigger the house, the bigger the pump. Unfortunately, there are no loopholes here. Saving money by purchasing a smaller heat pump for a large house will prove problematic, because the heat pump will have to expend an enormous amount of energy to keep your temperature where you want it. As a result, the heat pump will be prone to malfunction.
Type of Heat Pump
When installing a heat pump, you can choose between an air-source or geothermal pump. An air-source pump exchanges heat from the outside air while a geothermal heat pump exchanges heat from the ground, making it a more expensive yet efficient option. Geothermal heat pumps, like air to air heat pumps, require maintenance, but given that they’re not as exposed to the elements, they may be more durable.
Heat pumps work hard to adapt to harsh winters and hot summers. Therefore, heat pumps are not as efficient in places with extreme climates, because they require more energy to maintain a certain temperature. Unless you live in a place with a steady climate, make sure you take the time to find and choose the ideal heat pump for your home.
Depending on your climate, your heat pump may not be used to heat or cool an entire house. A heat pump can function in a single-zone system which is designed to heat and cool one or two indoor spaces, or in a multi-zone system which can heat and cool two or more indoor spaces. The latter option is more expensive, but the control and convenience can make it worthwhile.
Cost to Install Heat Pump and Ducts
If your home lacks an HVAC or duct system, installing a heat pump will cost you more. The cost to install a heat pump and ducts can be high: an entirely new duct system installation can range anywhere from $5,000 to $18,000. So, if you don’t have ducts to begin with, it may be more cost-effective to install a ductless heat pump.
A Working Heat Pump is Worth the Cost
While there may be more fun things to spend your money on, having an efficient heat pump system in your home is worth every penny. Keep in mind that a heat pump acts as an air conditioner and furnace, keeping you comfy and saving time and money in the long run.The best advice is to consider a range of factors when you’re making the heated decision to install a heat pump.