How much do Heat Pump cost?
If you’re shopping for a new heating and cooling system for your home in the Princeton, NJ area, you’re probably wondering, “How much do heat pumps cost?” Price is an important factor in a homeowner’s purchasing decision. Therefore, it is important to know what goes into the price you pay and how each factor affects the final cost. Our HVAC experts discuss the cost of heat pumps and what you get for the price you pay.
What’s Included in a Heat Pump’s Price?
When your HVAC contractor gives you a quote for a new heat pump, the cost of the heat pump includes not only the equipment but also its installation. A homeowner generally is not able to simply purchase a heat pump from a HVAC company. Instead, you purchase equipment through the contractor and hire them to perform the specialized work required to get the system up and running in your home. Installing a heat pump requires expertise and skills, which is why you should have the work done by a professional.
When you get an estimate for a heat pump, the price will vary from home to home. In fact, the installation can involve many aspects. You can buy the exact same heat pump as your neighbor, but pay a different overall price because your installation needs are higher. Installing a heat pump is not just about connecting the new unit.
Matching Air Handlers to Heat Pumps
A heat pump refers to the device that is located outside your home: the heat pump. It connects to equipment installed inside called an air handler, which houses the fan motor and evaporator coils. These two device parts form your circulating air heating and cooling system. A forced air system is simply a system that pushes conditioned air into living areas using the system’s fan.
It is recommended to install appropriate equipment and install a new indoor unit and a new outdoor unit at the same time. For this reason, the cost of heat pumps does not only depend on the heat pump itself. When the air handler and heat pump are properly matched, the HVAC system provides better performance, energy efficiency and equipment longevity than an unmatched system.
You don’t want to just upgrade your heat pump and keep your old ventilation unit running. It is difficult to combine new equipment with older equipment because technology in the HVAC industry is evolving very quickly to provide better efficiency and a better user experience. With an unrivaled system, your new heat pump cannot deliver the efficiency and performance you expect from your investment.
Ductwork Improvements
Forced air HVAC systems, including heat pump systems, move conditioned air from the appliances through ductwork to your home. If your home did not previously have a forced air heating and cooling system, upgrading to a heat pump system will require a new duct system to be installed. Homes with existing plumbing sometimes require improvements such as retrofitting or plumbing sealing to ensure the new equipment works optimally. Upgrades and other items required to install a heat pump affect the cost of heat pumps.
How Much Do Heat Pumps Cost?
Let’s face it: The price of a new HVAC system has a big impact on your purchasing decision. For equipment alone, a new heat pump will cost anywhere from several hundred to a few thousand dollars – air handlers typically cost between $1,000 and $2,000. Why such a wide price range? We discuss the factors that affect the cost of heat pump equipment later in this article.
Consider how much heat pumps cost if you have them installed by a heating, ventilation and air conditioning company. This includes connecting the system, setting it up and any other work required to accommodate the new system. Once your contractor completes the work, you will have everything you need to operate a reliable heating and cooling system.
The cost for homeowners to install heat pumps ranges from a few to several thousand dollars. On average, homeowners invest about $5,000 to install a heat pump. This total price includes the costs of the equipment as well as the costs of installation work.
Heat Pump Pricing Factors
The price varies greatly from one heat pump model to another as several factors have a direct impact on the cost of a heat pump. Although equipment prices vary widely, there are equipment options at both ends of the spectrum and in between. With your renovation budget in mind, your HVAC contractor will help you find the right heat pump equipment that offers the features and performance you want at an affordable price.
Elements that affect the cost of heat pumps include:
- Heat pump type
- Capacity of the unit
- Energy efficiency of the device
- Equipment brand
Heat Pump Type
Homeowners have several options when it comes to the type of heat pump system they use: air source or geothermal.
- An air source heat pump exchanges heat between two sources of air: the air inside and outside your home.
- A geothermal heat pump exchanges heat between the air in your home and a natural source. Geothermal heat pumps are powered by either ground or water. Geothermal heat pumps use the ground beneath or near a home to exchange energy, while water source heat pumps use a pond or other body of water near the property.
The type of heat pump system has a significant influence on the costs of heat pumps. Geothermal systems are more expensive in several ways. First, the geothermal heat pump itself costs more, usually a few thousand dollars. These systems also require a network of buried pipes, called an underground heat exchange circuit, which costs several thousand dollars to install. Homeowners typically pay $10,000 or more to equip and install a geothermal system.
Equipping and installing an air source heat pump costs significantly less. The price you pay for this type of system is typically half the cost of installing a geothermal system or less.
Unit Capacity
The size of heat pump you need in your home depends on the amount of BTUs (British Thermal Units) required to heat and cool your living spaces. This amount is called the heating or cooling load and is determined by several aspects of your home and your home, such as the size and space requirements of the living spaces, how well the house is insulated, the number of windows and doors and their exposure, etc. the number of people living in the house.
Capacity is measured in tons and one ton is equal to 12,000 BTUs. The performance of the heat pump and the air conditioning is given in tons – this is not the actual weight of the system. If a heat pump weighs 4 tons, it can produce 48,000 BTUs.
The cost of heat pumps depends on the performance of the unit. In general, heat pumps with higher performance are more expensive than those with lower performance.
Heat pumps should be sized specifically for your home – you shouldn’t choose a smaller size to save money. Deliberately undersizing your new heat pump is not worth the problems it will cause. If your heat pump is too small, it cannot provide comfort in the house. Therefore, it has problems and runs more often, which wastes energy and puts further strain on the system. This causes failures and causes the system to crash long before it reaches its expected lifespan. It’s best to consider other factors to make concessions when you need to cut costs.
Unit Energy Efficiency
Heat pumps use the same measurement of cooling energy efficiency as air conditioners – SEER, which stands for Seasonal Energy Efficiency Ratio. The minimum SEER requirement for newly manufactured heat pumps in the Midwest region is 13. Heating efficiency is measured in HSPF, which stands for Heating Seasonal Performance Factor. Nationally, heat pumps must have an HSPF of at least 7.7.
As with other types of HVAC equipment, the cost of heat pumps depends on the energy efficiency of the unit. Heat pumps with higher efficiency have a higher purchase price than heat pumps with lower efficiency. However, it may make financial sense for your household to pay a higher price to purchase a more efficient appliance: higher-efficiency appliances waste less electricity, so their operating costs are lower than lower-powered appliances. lower efficiency. When deciding which heat pump is right for your home, consider the ratio of ongoing costs to upfront costs.
Equipment Brand
As with most products, the brand name has an impact on the cost of heat pumps. Many appliance brands produce heat pumps – some offer more economical, basic options, while others offer user-friendly features and the latest technological advances.
Within the product range of each heat pump brand there are usually a few different equipment options. In most cases, they range from simpler models to improved models. Think of it like buying a new vehicle: buy the factory model at a lower price with fewer features, or buy the complete package with all the features at a higher price.
Choose AC & Heating Experts Princeton for Heat Pump Installation
AC & Heating Experts Princeton provides heat pump estimates to homeowners in the Princeton, NJ area. We will offer you a new Carrier heat pump that meets your needs and carry out the qualified installation necessary to commission your new system. Contact us today to schedule a heat pump installation estimate.