If you’re considering upgrading your HVAC system with a new heat pump system, the first question on your mind is probably, “How much will a heat pump cost me?” The cost to install a heat pump typically ranges from $6,000 to $18,000, with most homeowners paying around $11,000 on average.
We know—that’s a really big price range.
The reason the price can vary is that the cost to install a heat pump system depends on several factors, including:
- The type of heat pump you choose
- The size of the heat pump
- The heat pump’s efficiency
- The features you add
- The warranty you select
- The contractor you hire for installation
In this blog, we’ll go into more detail about each of these factors to give you a better idea of what you can expect to pay for your new heat pump system.
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Factor #1: The Size of the Heat Pump
The bottom line: The larger the heat pump, the more expensive the system will be.
Heat pumps are sized according to their tonnage, which reflects how much heating or cooling the unit can provide in an hour. Most residential HVAC systems range from 1 to 5 tons.
Now that you know how heat pump size is measured, it’s important to understand that you don’t get to choose the size of your heat pump system. Instead, a professional will need to perform a load calculation to determine the right size for your home. Think of heat pump size like shoe size: you want the right fit, or else you won’t be comfortable.
A heat pump that’s too big will heat or cool your home too quickly and shut off, causing temperature fluctuations. On the other hand, a heat pump system that’s too small will run non-stop trying to heat or cool your home, leading to higher energy bills and more frequent heat pump repair needs. To avoid these issues, you’ll want a professional to determine the correct size for your home.
When a professional performs a load calculation, they consider factors such as:
- The size and shape of your home
- The number of windows and doors
- The local climate
- How many trees surround your house
- Your lifestyle and temperature preferences
- And much more
Taking all these factors into account is complex, but a licensed company and design consultant will have the tools and expertise to do it correctly.
Factor #2: The Heat Pump Efficiency
The more energy-efficient the heat pump system, the more expensive the unit will be.
Heat pumps have two different efficiency ratings:
- SEER (Seasonal Energy Efficiency Rating)
- HSPF (Heating Seasonal Performance Factor)
SEER
A heat pump’s SEER rating tells you how much cooling the unit provides compared to the electricity it consumes. The higher the SEER rating, the more efficient the unit will be. However, while a higher-SEER heat pump will reduce your electric bill, it will also be more expensive upfront.
Heat pumps can range from 13 to 26 SEER. The required minimum SEER varies by region, but in warmer climates, a SEER rating of 16 or higher is often recommended for better efficiency and comfort.
HSPF
Similar to SEER, a heat pump’s HSPF rating tells you how much heat the unit provides compared to the electricity it consumes. The higher the HSPF rating, the more efficient the heat pump (and the more expensive it will be).
For residential heat pumps, the HSPF rating ranges from 8.2 to 12.5+. In milder winter climates, an 8.2 rating may be sufficient, while colder climates might benefit from a higher rating.
Factor #3: The Features You Add
The more advanced features you add to your heat pump system, the more expensive it will be.
Examples of advanced features include:
- Variable-speed blower motor or compressor
- A smart thermostat
- Better-quality air filters
- Noise-reducing fan blades
- Air quality improvements (UV light, dehumidifier)
These features can enhance comfort, improve energy efficiency, and even reduce the need for heat pump repair over time.
Factor #4: The Warranty You Choose
Most heat pumps come with a manufacturer’s warranty, but the length and coverage vary (typically lasting from 5 to 10 years).
You’ll pay more for a warranty with longer and more comprehensive coverage. However, investing in an extended warranty upfront could save you money in the long run when facing expensive pump repair costs.
In addition to the manufacturer’s warranty (also called a “parts warranty”), the HVAC contractor who installs your new heat pump system will typically offer a labor warranty. This warranty covers installation-related issues not included in the manufacturer’s warranty. (Many contractors include a 1-year labor warranty on all heat pump installations.)
Factor #5: The Contractor You Hire for the Installation
More experienced contractors generally charge more for their installation services.
However, don’t let a higher price tag deter you from hiring a reputable company. An experienced contractor who performs high-quality work will install your heat pump system correctly, reducing the likelihood of heat pump repair issues down the road.
Not sure how to find a high-quality heat pump installer? Before hiring one, ask yourself the following questions:
- Is the contractor licensed and insured? (In case anything goes wrong during the installation.)
- Do they have good online reviews? Check sites like Better Business Bureau, Google, and Yelp.
- Do they provide upfront prices in writing? This ensures they will stick to their quoted price and won’t try to upsell you on features you don’t need.
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Whether you need a new heat pump system, pump repair, or service for your air conditioner, we’re here to help. Contact us today for a free, in-home quote!