Heat Pump Prices And Reviews All In One Place
When energy costs begin to burn money from your wallet, instead of heating or cooling your home. Consider a heat pump as a cost efficient way to reduce energy spending. Shopping for expensive appliances can become overwhelming, but taking time to read reviews and do price comparisons will make the job easier.
Begin with knowing what a heat pump is and what it does in comparison to traditional air conditioning units and furnaces. A heat pump is a double duty unit that provides cool air in the warm weather and warm air in the cooler weather. There are two types of heat pumps. The geothermal heat pump is the most expensive and uses water from the ground to heat and cool and move air throughout the house. The other is the air source heat pumps, which are more common and affordable. This unit captures air and moves it between the indoors and the outdoors.
When shopping for a heat pump some things should be considered and added into the overall cost. Having the heat pump installed will add expense. An entire installation for an average sized home using a three ton split system, if the duct work is already installed, can cost from $2,500 to $5,000. A split system has one unit outside and one unit inside. For homes without duct work installed, a ductless heat pump, called a mini-split electric air-source heat pump, can cost $4,500 to $6,000. This cost estimate depends on how many units are used inside the house. Some of the manufacturers of this type unit are Fujitsu, Mitsubishi, Sanyo and Friedrich.
If the climate is less moderate, having a back up furnace called a duel-fuel system might be more appropriate. This air source heat pump works with natural gas or propane furnaces as one single controlled system. The cost of a duel fuel system can cost from $2,500 to $5,500 for the heat pump if the furnace is not already existing. The price can range from $5,000 to $10,000 for a system that includes the electric heat pump and a fossil-fuel furnace. This situation can be costly initially, but will be efficient for cold weather heating and cutting energy spending.
If choosing to buy a geothermal heat pump, the cost will be significantly higher. Installation of this type of heat pump will cost from $10,000 to $25,000 because of excavation and on how deep they must drill and the length of the underground pipes. Soil conditions will affect the cost and how the process goes when installing a geothermal heat pump. This option is more expensive but considered very energy efficient using the water from deep in the ground to cool and heat the house. This heat pump is considered a green alternative that is better for the environment.
Another thing to consider when making the decision to change to a heat pump system is the age of the home. Older homes might require additional costs by having to upgrade the electrical panel. An electrician can charge from $1,300 to $3,600 for this work.
Make sure to get plenty of quotes from licensed contractors when making the decision to install a heat pump system. Learn about the different brands of heat pumps. Trane, Carrier and Lennox are the top brands. Others include Goodman, Carrier, York, Bryant, Payne. Check with all contractor companies regarding what is included in the complete cost of installation to know what will be included in the price. Ask to see the license and ensure they follow all the installation to code to ensure that the value of this appliance can add to the equity of the home. If it is not done properly there can be trouble down the road. Ensure that all paperwork is in order and that the contractor has any permits that are required.
Besides the lower electric bills that will help save money month after month once the installation is complete, the good news is that there might be discounts available from the electric company and in some cases there could be tax advantages. The addition of a heat pump will add to the value and equity of the home. This also is a huge benefit in the long run. The initial cost of installing a heat pump in a house can seem expensive, but over time it begins to pay for itself.