Goodman Heat Pump Prices: Factors that Influence Costs

HVAC Logo IconBy Tom MoorMarch 15, 2024
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Heat pump system

Efficiency, Capacity, and Compressor Type Help Determine Overall Costs

Goodman heat pumps are widely recognized for their reliability and efficiency in providing heating and cooling solutions to countless homeowners. Are you wondering if a Goodman heat pump aligns with both your home comfort needs and budgetary considerations? HVAC.com explores the various factors influencing Goodman heat pump prices to help you make an informed decision.

Once you decide on a Goodman heat pump that’s right for your home and budget, HVAC.com can deliver a comprehensive HVAC quote within 24 hours, giving you peace of mind to move forward with confidence.

Average Cost of a Goodman Heat Pump

Goodman heat pump costs range from $4,000 to $8,000 based on factors such as efficiency, compressor type, and capacity.

What Affects the Cost of a Goodman Heat Pump?

Size

heat pump’s tonnage directly determines its size and ability to efficiently heat or cool a space. Heat pumps with larger capacity’s cost more than those with smaller ones. For a 1,500 square foot home, the appropriate tonnage and BTU output would depend on factors such as insulation, climate, and layout, but typically a 3-ton unit with about 36,000 BTUs would be suitable for efficient heating and cooling.

Efficiency

A heat pump’s efficiency rating plays a large role in determining Goodman heat pump prices. A heat pump’s Seasonal Energy Efficiency Ration (SEER) measures the efficiency of a heat pump in cooling mode, while the Heating Seasonal Performance Factor (HSPF) determines how efficient it is during the heating season.

The SEER ratings for Goodman heat pumps range from 22.5 SEER2 to 14.3 SEER2, while HSPF ratings typically range from 10 to 7.5. It’s crucial to recognize that although higher-efficiency heat pumps can lead to savings on your monthly energy bills, in many cases these savings fail to outweigh the overall cost difference.

Variable-Speed Compressors

Goodman provides a diverse range of options in variable speed swing or scroll compressors, allowing customers to tailor their HVAC systems to specific efficiency and comfort requirements. Variable speed compressors adjust their output based on the heating or cooling needs, offering improved energy efficiency and comfort, albeit at a higher initial cost compared to single-speed compressors. For example, Goodman’s GVZC20 heat pump model uses inverter technology that allows it to run from 0 to 100% capacity depending on the heating or cooling demands to increase energy efficiency compared to single- or two-speed compressors.

ComfortBridge™ Technology

Available on select models, Goodman’s ComfortBridge™ technology allows you to remotely monitor your heat pumps system with your smartphone.

Available Rebates

Goodman lists available rebates and tax credits available for their heat pumps, based on where you live, ranging from $400 to $3,800. Taking advantage of these rebates can significantly lower the price of your Goodman heat pump.

Noise Levels

Some Goodman heat pumps feature a high-density compressor sound blanket to keep noise levels to a minimum.

Installation Complexity

Installation jobs vary greatly depending on accessibility; while some are straightforward, others in tight spaces may require additional time and expenses for updating key components, affecting overall costs and the duration of the installation.

Local Labor Rates

Local HVAC labor rates can significantly impact the cost of installing a Goodman heat pump, as higher rates in certain areas can increase the costs of the project. Fluctuations in labor costs are an important factor to consider when budgeting for a heat pump installation. Typically expect to pay higher labor rates in large cities such as New York and Los Angeles compared to rural areas.

Ductwork Considerations

The condition of your ductwork can also greatly influence the cost of installing a new Goodman heat pump. If your ductwork is old and compromised, you may need to replace it to ensure your new heat pump can operate at peak efficiency. Installing new ductwork can add $1,500 to $5,000 to the cost of HVAC installation.

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