Heat Pump Prices in 2021: Heat Exchange Pump Installation Costs

This buying guide will help you decide whether an air exchange heat pump is the right heating and cooling option for your home. Let’s start with the bottom line: heat pump unit prices and the cost of installation.

Trane 14 SEER Package Heat Pump Installed by American Cooling And Heating

Cost

The national average cost to install a new air heat exchange pump can range between $4,500 and $8,300, depending on the size of your home, heat pump brand, type, and efficiency level, overall project complexity, and your home’s location.

For a larger, mid-range ductless heat pump mini-split system with 4+ multi-zone air handler units for four+ rooms, it will cost between $9,000 and $14,000 fully installed, as shown in the pricing breakdown example below:

  • 1 outdoor heat pump: $3,000 to $5,000
  • 4 indoor air handlers: $3,000 to $4,000
  • Professional installation: $3,000 to $5,000

Did you know? Air source heat pump split systems include a heat pump and an air handler or a gas furnace and an evaporator coil. Here are the potential equipment and installation costs to expect:

Heat pump unit costs: Here are the three cost tiers based on efficiency and performance, factors explored in detail below:

  • Basic heat pumps: $1,250-$2,500
  • Better heat pumps: $1,850-$3,000
  • Best heat pumps: $2,750-$4,800

Air handler unit costs: Split system heat pumps are usually paired with an air handler, but many work with a gas furnace, too. Here are the current air handler costs in two basic grades:

  • Basic air handlers and coil: $550-$1,000
  • Better air handlers and coil: $800-$1,750

Professional Installation Costs:

Your total cost installed will depend on the size of the unit, since the larger it is, the more refrigerant is needed. The overall complexity of the installation and whether an air handler is also being installed will significantly impact the total cost.

  • Heat pump installation, no air handler: $1,200-$2,000
  • Heat pump and air handler installation: $2,000-$3,500

Pro Tip: Make sure your contractor gets a building permit from the local building department to install your new heat pump. The permit includes a mechanical inspection to ensure the unit is properly installed.

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