Setting aside labor for a minute let s look at the actual cost of.
Furnace and heat pump prices.
Furnaces are typically cheaper compared to heat pumps but the price varies depending on unit size and features if you prefer hot toasty temperatures inside your home a furnace might be the better option for you.
Nonetheless taking into account over 2 900 heat pump installation and replacement projects the average cost to install a heat pump is approximately 5 100.
Installing a heat pump is often cheaper.
The average cost to install a heat pump is 5 613 typically ranging from 4 068 and 7 160 depending on the size of and type you need.
Average heating costs per year for geothermal heat pumps.
Expect the costs to go up or down depending on the size of your home and the quality of your heat pump system.
The average cost of a new heat pump and furnace is 4 500 to 10 000.
While heat pumps are more energy efficient furnaces have fewer moving parts which means there s less heating repair and maintenance involved and fewer pieces.
Average heating costs per year for electric heat pumps.
Geothermal and solar tend to cost the most at 6 000 to 40 000.
Thus the average heat pump replacement cost can vary.
Trane heat pump prices the average cost of a 3 ton entry level trane heat pump and replacement installation starts at 4 000.
Amana 9 300 btu 230 volt 208 volt through the wall air conditioner and heat pump with 3 5 kw electric heat and remote.
A hybrid or dual fuel heat pump costs 2 500 to 6 000 to install to an existing furnace.
Except rare cases pros include all materials equipment permits and labor in the project bid.
Depending on the size needed to heat and cool your home or business installation can cost 10 000 or more.
This price includes labor and installation.
Heat pump pricing for the geothermal heat pump itself range from 1 500 to 13 000 depending on the model not including installation.
Most of the reasons you would choose a heat pump vs.
Why choose a heat pump over a gas furnace.
Annual operating costs for highly efficient models are around 850 for both heating and cooling.
Hybrid systems use a gas or oil furnace as supplemental heating when the heat pump s balance point reaches 32 f.
The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or.
Mini split systems run up to 14 500.
New heat pump cost.
A heat pump s efficiency rating heating and cooling stages and size will affect the cost as well as where you live and the difficulty of the installation.
