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Heat pumps are 2 to 3 times more efficient than furnaces, and pay themselves back in energy savings within5 to 12 years. 3-Ton XC16: AC, Installation: $3,798: San Jose, CA 1600 sqft 3-Ton XC25: AC, Installation: $5,990: . For example, a 1,000-square-foot space may only require a 2-ton heat pump ($2,500 to $5,000) while a 2,500-square-foot home needs a much larger, 5-ton system ($6,000 to $10,000). Replacing or installing new ductwork costs, New Heat Pump Connected to Existing Furnace. Ductless heat pump cost varies widely based on system size and the number of indoor units. These include promotional rebates available during select times of year as well as utility company rebates, financing options through your dealer, lease-to-own options and/or tax credits. A hybrid or dual fuel heat pump costs$2,500 to $6,000installed in a home with an existing furnace. A two-way heat pump costs$4,000 to $8,000 but both heats and cools, making it a viable option depending on the climate. Replacing or installing new ductwork costs$1,400 to $6,600alone on average. Mini split systems are also called ductless heat pumps because no ductwork is required, so theyre a good choice for new construction and areas of a home not adequately served by the central HVAC system. Some temperature fluctuations. The quiet, efficient operation of the Preferred Series is available in models ranging from a gas heat/electric cool model to a heat pump system and air conditioner. According to the survey, heat pumps for a 1,500 to 2,000 square foot home was $16,933. Here are a few tips: To arrive at the average costs in this article, editorial team members surveyed a range of providers on national and local levels. We needed to set this baseline in order to provide an equal comparison between each of the top rated heat pump brands listed below. Dry, temperate climates without extremes. Average Heat Pump Installation Cost 2023 - Forbes Home Efficiency and savings, consistent temperature, a comfortable home - that's the promise of Daikin Fit. How much does a heat pump cost? Single unit One piece of equipment heats and cools. Heat pumps come in different sizes and capacities (measured in tons and BTUs). If the issue is more severe, you could spend $1,000 or more for a local HVAC repair company to fix the problem. Compare Quotes From Top-rated Heating And Cooling Contractors. You simply wont need as many BTUs of heat and AC. When the outside temperature drops and the heat pump cant keep up, the system automatically switches to the furnace for heat. The compressor adjusts in increments of 1% or less to precisely deliver the right amount of heating or air conditioning to keep the indoor temperature exactly where you want it.