How Much Does a Heat Pump Cost?
Heat Pump Prices
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Having a heat pump installed is a very cost-effective and efficient way to heat your house. Not only can heat pumps heat your home but they also can cool it, eliminating the need for a central air conditioner. If the conditions are right a heat pump can save you a lot of money over the years. Perhaps installing a heat pump is the right thing for your home.
Geothermal Heat Pump Cost
The cost of a heat pump depends on several aspects. The biggest factor is the size of your house. Your square footage is the main determinant of the size of the heat pump you need. Naturally, the prices in heat pumps increase with size and power.
There are two main types of heat pumps:
- Geothermal Heat Pumps
- Air-Source Heat Pumps
Each heat pump has a different cost associated with it. There are geothermal heating pumps which pull heat from the ground. The other main type is an air-source heat pump which pulls heat from the outside air. Geothermal heat pumps will cost more to install. However, maintenance is generally less since they are protected from the elements.
Heat Pump Installation Costs
The cost of your heat pump installation is going to be directly related to the bill of work. The more difficult the job the more it will cost. It’s really impossible to pin it down without seeing a scope of work. The best way to keep costs down and get a fair price is to get multiple quotes! It’s the only way to keep from getting overcharged; whether it’s heat pumps or cars. Get multiple free quotes for your heat pump now!
Heat Pump Prices – Prices measured in “per ton” Capacity
Geothermal Heat Pump Costs/Ground Source Heat Pump Cost
Generally speaking, a geothermal pump will cost twice as much as an air heat pump. It is, however, much more cost-effective in the long run as it can save 30-40% on your energy bills. A typical geothermal unit can pay for itself in 5-10 years. An average house needs a 3-ton unit capacity, which costs about $2,500 per ton. This, however, does not include the price of drilling to the heat source, which can cost anywhere from $10,000 to $30,000. Where you fall on that price range depends on how far down the service needs to drill to get to the heat source.
Air Source Heat Pump Cost
An air source unit typically costs about $1,200 per ton. These prices do not include installation, however. Installation costs will vary depending on where you live, and the type of unit you purchase, which will affect the ease of installation. Make sure to get several quotes from different contractors.
How does air source heat pump work?
A typical air source heat pump delivers heat much in the same way an air conditioner cools a house. Only, instead of taking warm air and cooling it a heat pump takes cooler air and heats it. During the warmer months it operates the same way an air conditioner does. The unit is based outside and air flow can be achieved with a traditional duct system or the newer ductless mini-slit system.
How does a geothermal heat work?
In the case of a geothermal unit, the unit itself is underground, which protects it from the elements and typically requires less maintenance than an air source unit. Air flow is achieved the same way as the air source pump. Another feature of the geothermal pump is an accessory device called a “desuperheater”, which uses excess heat from the unit to heat water that circulates into your water heater tank, dramatically reducing the stress and expense put on it. In the winter months, the desuperheater can reduce your water heater costs by half!
A heat pump will replace two of your house’s current systems – the furnace and your air conditioners/central air conditioning. The extra money spent on a heat pump will be made up for by decreased maintenance and cheaper energy costs.
For older homes without existing ductwork, a ductless system will save you money while at the same time increasing the value of your home.
Heat Pump Tax Credit
A geothermal heat pump system is completely renewable and heat is recycled, reducing your carbon footprint while adding value to your home, now marketable as a “green” home.
Installing an energy-efficient heating and cooling system run by a heat pump may qualify you for several federal tax credits now being offered. There is also a tax credit for using a renewable system like geothermal heat. Taking advantage of these will dramatically decrease heat pump installation costs.
Free Heat Pump Price Quotes
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