FREQUENTLY ASKED QUESTIONS
The price will depend upon your home’s size and the heat pump’s rating. Prices can range from around $700 for ductless mini split systems up to $13,000 for a geothermal heat pump system, not including installation.
The cost for heat pump installation also depends on the size of the unit and whether it is a single-room or whole-home system. A single-room air-to-air system can cost as low as $500, including installation. Whole-house units, on the other hand, range in price from $2,500 to $7,500, including installation. Geothermal heat pumps typically require excavation to install, which adds several thousand dollars to the cost.
The type of heat pump you select, the climate where you live and the temperature you set at home will all impact the cost of running a heat pump. A highly-efficient model could save you 30% to 40% on your energy bill.