How Much Does a New Heat Pump System Cost in 2023?

As your heat pump ages and its performance starts to decline, you might find yourself dealing with higher energy bills or frequent repairs. In such cases, replacing it could be a wise move. So, what's the price tag on a new heat pump system?

Equipment Costs:

The cost of the heat pump unit itself can vary based on factors like size, efficiency rating, and brand. Generally, you can expect to invest between $3,300 and $8,700. In this range, you'll get a heat pump with moderate heating and cooling capabilities, reasonable efficiency with a single-stage compressor, standard noise levels, and a parts and components warranty of 5 to 10 years. 

Installation Expenses:

The installation cost can fluctuate based on the complexity of the job, any needed modifications to your ductwork, and local labor rates. For a basic air source heat pump installation, you might cost average $6,000. However, even at this price point, the installation might not be top-notch.

Total Investment Estimate:

Taking both equipment and installation into account, the total expense of swapping out your current HVAC system for an air source heat pump could range from $6,300 to $17,700 or even higher. Remember, these numbers are ballpark figures and your actual costs will depend on your unique situation.

Heigh efficiency Option:

If you're aiming for heigh efficiency and reliability, you can choose our InverterCool™ heat pump. Start from $6,499, you can have a wider capacity and variable-speed compressor heat pump that ensures fast heating and cooling while less energy using (up to 17 SEER2 efficiency), advanced fault detection and diagnosis, a serene 56 dB noise level, and the assurance of a 10-year warranty covering parts, labor, and remote technical maintenance.

Considering Savings:

While the initial cost of an air source heat pump might seem higher compared to traditional systems, remember that these systems are remarkably energy-efficient. Over time, you could experience up to 40% savings on your annual energy bills with the InverterCool™ heat pump system. Plus, certain models might even qualify you for a 25C federal tax credit, helping to offset your initial investment.

Getting the Right Estimate:

For an accurate quote tailored to your situation, it's a good idea to reach out to local HVAC contractors. They can consider your home's layout and specific needs to provide a precise estimate. If you're looking for a seamless experience, feel free to contact us – we can provide details about our heat pump, services, and financing options at no cost.

By choosing the InverterCool™ heat pump system, you're not just upgrading your HVAC setup; you're embracing a more eco-friendly and efficient home comfort solution that aligns with the future.