How Much Does It Cost To Install A Heat Pump?
Most homeowners spend between $4,594 to $5,674 nationally.
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Are you tired of paying high monthly bills to run your separate furnace and central air conditioning units? If so, then you may want to consider switching to a heat pump system at your home. A heat pump is a great way to increase overall energy efficiency in your home, which leads to lower monthly heating and cooling bills. Since a heat pump system replaces your existing furnace and air conditioning unit, you can pay a one-time fee to have such a system installed and reap the benefits of it over time. If you ever decide to sell your home down the road, having such a system in place can significantly boost your resale value.
National Install a Heat Pump Costs
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|National Average Cost||$5,096|
|Average Range||$4,594 to $5,674|
How do we get this data? This info is based on 2937 cost profiles, as reported by ImproveNet members.
The Cost of Heat Pump Installation
Of course, switching from a traditional air conditioning and furnace unit to a heat pump system is quite drastic and can carry an initial cost. Such installation requires an overhaul of your home's ventilation systems, which takes a great deal of professional labor and some expensive parts. Because of all of these factors, the average cost of heat pump system installation is around $5,000. Of course, this can vary depending on the size of your home and the type of heat pump system you are considering in the first place. The location of your home can also influence installation costs, so be sure to call around and receive quotes from multiple companies to ensure you get the best deal.
Pays Off Over Time
It is also important to keep in mind that, while the cost of installing a heat pump system can be quite expensive, it is also an investment that can easily pay for itself over time. After all, you will immediately begin saving on your home heating and cooling costs the day the system is installed. This should be taken into consideration as you decide whether or not this is a project you want to embark on.
If you are thinking about installing a heat pump system in your home, be sure to research the different types of heat pumps to find out which is the best choice to suit your home and budget. Ensure that your city's housing and coding allows for such retrofitting of your residential property.
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Last updated on Apr 12, 2017