Carrier Heat Pump Prices: What Determines the Cost?

If you’re in the market for a new heat pump system, you’ll face an almost endless list of options including various makes and models, energy-efficiency ratings, comfort features, and sound performance measures.

So how do you choose from such a long list of options? Perhaps, the best way to start narrowing down your search is by identifying a specific HVAC manufacturer to buy from. While many high-quality heat pump manufacturers exist, this blog will specifically spotlight Carrier, a leading manufacturer in the industry. Keep reading to learn more about the different models of Carrier heat pumps and what factors affect Carrier heat pump prices.

The Cost of a Carrier Heat Pump

According to Carrier, the pricing for a new heat pump typically ranges from $3,000 to $15,000. The exact cost is influenced by factors such as efficiency ratings, decibel levels, and comfort-enhancing technologies.

Factors Affecting the Price of a Carrier Heat Pump

A few of the main factors affecting Carrier heat pump prices include:

Efficiency Rating

The efficiency rating plays a significant role in the overall price of a Carrier heat pump. Heat pump efficiency is measured by the Heating Seasonal Performance Factor (HSPF2) during the heating season and the Seasonal Energy Efficiency Ratio (SEER2) during the cooling season.

While shopping for a new heat pump, it’s crucial to note that buying a more efficient system doesn’t typically yield long-term energy savings. While you may save a few dollars a month in energy costs, higher-rated heat pumps can cost thousands of extra dollars.

Technology and Additional Features

Additional features including smart thermostats, advanced humidity control, and variable-speed compressors are typically found on higher-priced Carrier heat pump models.

Sound Performance

New technology allows some heat pumps to operate as quietly as a whisper. For example, the Infinity 24 Heat Pump with Greenspeed Intelligence is 50% quieter than its nearest competitor, according to Carrier.

System Size

Size matters when it comes to the final price of a Carrier heat pump system. Units with larger heating and cooling capacities are generally more expensive.

Condition of Your Ductwork

If your existing ductwork needs to be repaired or replaced, it can drive up costs significantly. If you buy a high-efficiency Carrier heat pump, you may need to  replace the ductwork to ensure the higher-rated heat pump operates at its peak efficiency level. Installing new ductwork can add $1,500 to $5,000 to the price of the project.

Rebates and Tax Credits

Check with your local utility provider to see if they offer rebates on the purchase and installation of a new heat pump system. You may also qualify for significant heat pump tax credits and rebates through the Inflation Reduction Act of 2022.

HVAC Labor Costs

Don’t forget to factor in HVAC labor costs to the total price of buying and installing a new Carrier heat pump system. Labor costs for installing a Carrier heat pump system are influenced by factors such as your region, the time of year, installation complexity, and the HVAC contractor’s experience.