2017 Heat Pump Pricing – How Much Does a Heat Pump Cost to Install?

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Heat pumps are a widely popular equipment option for residential and commercial heating and cooling. Their high energy efficiency makes them desirable. They’re a top choice for those seeking to reduce energy consumption and lower operating costs.

There are multiple types of heat pump systems. Heat pump pricing varies from one type of system to another. The final heat pump cost depends on:

  • Heat pump pricing
  • Labor costs
  • Additional components needed for the system

Below, you’ll find a breakdown of the costs involved when installing a new heat pump heating and cooling system.

Heat Pump Pricing by Equipment Type

Heat pump pricing depends on many factors. The type of heat pump, its capacity, and other elements affect the cost of the unit. Below, we’ll discuss general heat pump cost and the elements which factor in.

Ducted heat pumps

Ducted heat pump heating and cooling systems act much like traditional central heating and cooling systems. The heat pump unit sits outdoors, and the indoor fan coil works to move conditioned air into living spaces via a duct system.

A ducted heat pump system may be most affordable if your home or building has an existing duct system that is in good shape. Using existing ductwork will eliminate the need to install an expensive new duct system, which can cost thousands.

Ductless heat pumps

In homes or buildings where duct systems do not exist, ductless heat pump models are an option. These systems, sometimes called ductless mini-splits, include an outdoor condenser/compressor unit and one or more indoor air handlers.

Ductless mini-split heat pump systems generally cost $1,500 to $2,000 per ton of cooling capacity for just the equipment, not including installation. This is approximately 30 percent more than central heating and air conditioning systems, minus the duct system.

Geothermal heat pumps

Geothermal heat pump cost is far more than other heat pump types, when installing the entire system. Geothermal systems require underground ground loops to harness the Earth’s natural energy. Installing one involved excavation, running hundreds of yards of piping, burying the loop, and more. This process is quite expensive. Installing a new geothermal heat pump to work with an existing ground loop is far cheaper.

Heat pump pricing for the geothermal heat pump itself will cost you between $2,500 to $8,000 depending on the model, not including installation. Installing the ground loop involves excavation as well as equipment components. Expect to pay several thousand dollars for its installation.

Add Installation to Heat Pump Cost

The total heat pump cost is determined by the HVAC contractor and varies across the country. In addition to the heat pump pricing, the final installed heat pump cost will include labor and any needed components for the system, such as those mentioned above.

  • The price to purchase a ducted heat pump and have it installed runs on average $5,300 according to Home Advisor, but this cost can go well over $10,000 depending on the brand, energy efficiency, labor warranty, and other features.
  • Ductless mini-split heat pump systems run an average of $4,000 to $5,000 installed. The heat pump pricing will vary based on the number of units needed to create the desired zoning.
  •  Installing an entire new geothermal heat pump system costs between $5,000 and $8,000 per ton. Depending on the size needed to heat and cool your home or business, installation can cost $10,000 or more.

Using the above information as your heat pump pricing guide, you may confidently shop for a new heat pump system as well as an HVAC installer in your area to do the job. There may be variables not mentioned above that are necessary to complete your project. Work with a heating and cooling professional you trust to ensure you’re getting the best price along with quality workmanship.

HVAC.com is your go-to resource for all things heating and cooling! We’ll help you find the right heat pump system for your home or business, and match you with a qualified contractor to perform the installation. Ready to get started? Contact us to learn more about heat pump cost.

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