How Much Do Heat Pumps Cost?

 

A common question for those considering a new HVAC system is, “How much do heat pumps cost?” In this heat pump guide, we address heat pump costs for different efficiency levels, providing sample pricing of specific models.  The primary factors involved in the cost of a heat pump are:

Capacity: Heating is listed in Btu’s; cooling is listed in tons.  One ton is equal to 12,000 Btu’s.

Efficiency: Heating efficiency is listed in HSPF, or Heating Seasonal Performance Factor; cooling efficiency is listed in SEER, or Seasonal Energy Efficiency Rating.  The higher the numbers, the more efficient the model is.

Features: Heat pumps with 2-stage operation, enhanced performance capabilities, and dual fuel design will cost more.

Standard Efficiency Heat Pump Prices

We group heat pumps with 13-15 SEER ratings in this categories.  The HSPF varies from 7.5 to over 9.0 in this range.  These heat pumps are popular choices in mild climate without temperature extremes.  Because of their low SEER and low cost, they are also used in northern climates where an alternate form of heat is also used, and they are a good choice where a short-term and inexpensive heat pump solution is needed.

Standard efficiency heat pump costs: $1,200-$2,500

3 ton Coleman LX Series Model THJF 14.5 SEER heat pump: $1,479

3 ton Dave Lennox Merit Series 13HPX heat pump: $1,699

3 ton Bryant Preferred Series model 223A 15 SEER heat pump: $2,279

High Efficiency Heat Pump Prices

In this group we place 16 SEER to 18 SEER heat pumps, with HSPF ratings from 8.5 to 9.2.  These are some of the best-selling heat pumps because they are versatile as well as being efficient without costing as much as very high efficiency models. They are popular in all climate zones, though only dual fuel heat pumps are suitable for areas with very cold winter weather.

High efficiency heat pump costs: $2,200 – $3,800

3 ton Goodman DSZC18 dual fuel heat pump: $2,599

3 ton Heil Model 9.5 HSPF 17 SEER DXT+ heat pump: $2,789

3 ton American Standard Platinum XM Heritage 16: $3,419

Very High Efficiency Heat Pumps

These are typically top of the line heat pumps with performance features that may include communicating technology (Carrier Infinity, Trane XLi, American Standard Platinum, Dave Lennox Signature, Bryant Evolution).  All of them have 2-stage compressors and most have advanced humidity control features.  The SEER ratings for these are 19 SEER or higher, with HSPF ratings up to 10.0.

Very high efficiency heat pump costs: $2,800-$4,500

3 ton Trane XL20i Heat Pump: $3,599

3 ton Carrier Infinity Series Model 25HNA9 Heat Pump: $3,659

3 ton Maytag Model M1200 — 22 SEER Heat Pump: $3,879

Summary

How much do heat pumps cost?  These figures will help you know what to expect when you get written estimates from local HVAC companies.  Our examples are all 3 ton units to make it easier to compare them.  The price ranges we gave cover all sizes, from 1.5 ton to 5.0 ton models.  For more specific heat pump prices, see the heat pump reviews included on this site.

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