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Dual Fuel Heat Pump Prices

Many homeowners these days are looking to increase energy efficiency at their homes. One common way of making this happen is through the installation of dual fuel heat pumps. These devices can be installed in homes that have an existing furnace system in place, and they are especially common in climates that see all four seasons throughout the year. Why? A dual fuel heat pump can be used to effectively pump hot air out of the home during the summer and provide additional heat during the frigid months of winter. In many cases, a dual fuel heat pump can be used in place of a central air conditioning unit.

The Costs 

  • The average cost to install a new dual fuel heat pump is $3,300.
  • The maximum cost to install a new dual fuel heat pump is $3,800.
  • The minimum cost to install a new dual fuel heat pump is $3,200.

Advantages of Dual Fuel Heat Pump

Any homeowner considering the option of having a dual fuel heat pump installed in the home should begin by assessing the pros and cons of doing so. In many cases, it is also advised that homeowners consult with an HVAC specialist to determine whether or not a dual fuel heat pump is the right choice for a given home. 

The main advantage of such a system is its efficiency. For about the cost of a traditional central air system, homeowners can enjoy the benefits of both an AC unit and a furnace in one. At the same time, a dual fuel heat pump is efficient because, rather than generating cold air in the summer, it simply funnels warm air out of the home. This results in greater energy savings throughout the year. Furthermore, during the winter, the home's forced-air furnace works less to heat the home thoroughly, resulting in even greater savings and a reduced carbon footprint for homeowners.

Disadvantages of Dual Fuel Heat Pump

Of course, dual fuel heat pumps like all home appliances come with potential drawbacks. One of the most notable concerns homeowners have regarding these systems is their initial cost. At over $3,000 on average for installation, this is a pricey addition to make. However, with energy savings over the course of several years, it is possible that the investment can pay for itself. As another downside, homeowners who like to keep their homes very cool in the summer may have a hard time achieving their desired temperature using a dual fuel heat pump alone. 

Other Costs & Considerations

Most dual fuel heat pumps themselves cost between $2,000 and $2,500, but this does not usually include installation. Because of the complexity of the installation process, homeowners are encouraged to hire a professional HVAC contractor to ensure the job gets done right. Labor costs associated with dual fuel heat pump installation typically range between $620 and $720 as installation itself can take over 10 hours. Homeowners may also be responsible for paying for the cost of materials needed to install the unit, which can tack on another $100 or so to the total costs. 

Overall, a dual fuel heat pump system can be a great investment for homeowners who have an existing forced air furnace system and duct ventilation throughout the home. However, to save money on the system and installation, it is always a good idea to shop around with various HVAC contractors as labor and materials costs can vary greatly based on regional pricing variations and other factors. By taking the time to shop around, homeowners can find the best deals on dual fuel heat pumps and begin enjoying the energy savings and other benefits associated with these systems right away.

Last updated on May 17, 2016

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