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What to Look for When Evaluating Heat Pump Costs

We’re proud to offer the highest-rated service to customers interested in upgrading their homes with a heat pump installation. Homeowners consider installing a heat pump for a number of reasons, all of which are incredibly beneficial. This eco-friendly alternative makes homes more comfortable while saving more money.

If you’re considering such an upgrade, we have information that will help you make this decision with confidence.

What are the benefits of upgrading to a heat pump?

There are different kinds of heat pumps but they all have many of the same great benefits, which you can reap no matter what you choose.

  • They’re safe. Since there’s no furnace, you don’t have to worry about the risks associated with a potential gas leak.
  • They’re low maintenance. Heat pumps perform two jobs in one by cooling and heating your home, so they’re less upkeep than having both a furnace and an AC unit.
  • They conserve energy. Heat pumps regulate temperature by circulating and evaporating air, requiring less electricity to run than gas boilers.
  • They add value. Homes with heating and cooling are valued more than homes without. A heat pump is a two-in-one package deal.

How much do heat pumps cost?

Heat pump cost varies according to the needs of the homeowner, the climate, and details about the property. There are four common types of heat pumps, but the most popular are geothermal, air-source, and ductless.

Geothermal pumps cost the least to maintain because they are installed underground away from the elements, providing heat from the ground, but the excavation required to place them means a higher up-front cost. Air source pumps are attached to the exterior of your house pulling heat from the air. These are less expensive than their geothermal counterparts but cost more to maintain. Ductless heat pumps are a great option if your house doesn’t have a duct system, instead only requiring a small wall hole be created for placement.

Heat pump prices range from $700 to $3000, however most dealers don’t list the prices of their pumps because they depend heavily on other factors, like:

  • Ratings. Most heat pumps are rated on energy efficiency and also on how quietly they run. The higher these ratings are, the more you can expect to pay. The highest rated heat pumps often come with tax credits or rebates as a buying incentive.
  • Size. The bigger your home, the bigger the pump. Consider the height of your walls and ceilings and the number of external and internal walls you have.
  • Climate. Heat pumps are the most cost efficient where temperatures aren’t too extreme. If it gets really hot or cold where you live, your heat pump will require more energy to run to keep your home comfortable.
  • Installation. Geothermal pumps require excavation, adding more cost to the project than other heat pumps. Air-source and ductless heat pumps may cost less but come with their own unique cost considerations related to materials and heat pump placement.

Keep in mind that these factors don’t include the cost of labor or additional materials that may be needed to complete the job, so make sure you leave room for those incidentals.

Whatever you choose, you can rely on Trusted Plumbing for excellent service.

If you still need help, please feel free to reach out to us at (206) 208-0007.