centralheat

2022 Central Heating and Cooling Installation Prices for Homes

The cost of a new heating and air conditioning system varies widely. This guide covers all the details including Low, High, and Average costs, plus the important details about installation and accessories.

Most homeowners spend between $7,500 and $13,500 for a standard central HVAC system that includes either a central air conditioner and furnace combination or a heat pump and air handler, not including the installation of new ductwork.

For an installed central heating and cooling system, you can expect to pay about $6,500 on the low end and more than $18,500 for premium equipment and installation.

Let’s dig into the numbers. The first table covers complete systems. Tables below provide more cost detail and comparison to other heating and air conditioning options.

Standard Split HVAC System Costs:

Low end Average High end
$6,600 to $7,500 $7,500 to $13,500 $13,500 to $18,500

* The above costs include system components, refrigerant line set and refrigerant, plenum, if needed, new thermostat and miscellaneous installation supplies.

* The cost of equipment, liability insurance, worker’s compensation insurance and travel, contractor’s overhead expenses, plus fair profit are included.

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Geothermal Heating and Cooling Cost 2022: Pros & Cons, Comparisons

Growth in the geothermal heating and cooling market averages 12% annually, as demand continues to rise for highly efficient HVAC systems that leverage sustainable energy.

Today, Geo system pricing is more competitive than it was a decade ago because there are many more manufacturers selling ground-source heating and cooling systems and there are more experienced installers competing for projects.

Cost

The current national average cost ranges between $20,000 and $28,000 for the installation of a new mid-range Geo heat system. This is before the 26% federal tax credits for the geothermal home energy efficiency upgrades that were recently extended by congress through the end of 2022. The federal tax credit rebate amount will be reduced to 22% in 2023.

On a wider pricing range: Most homeowners can expect to pay between $20,000 and $36,000 for a complete mid-range geothermal heating and cooling system fully installed, before the 26% federal tax credits. This wider range captures 80% of all residential Geo installations.

High-end ground-source heat pump systems for larger homes can cost as much as $30,000 to $48,000.

The size of your home and its location, available land, the type of soil, local climate, condition and usability of current duct work, and the type of heat pump you choose will impact the overall cost.

Let’s itemize the cost of a geothermal heat pump system in the following table:

Equipment Equipment Cost Total Cost with
Horizontal Loop		 Total Cost with
Vertical Loop
Packaged Water to Air Heat Pump* $3,500 to $8,000 $15,000 to $25,000 $17,750 to $28,000
Split Water to Air Heat Pump $4,250 to $8,500 $16,250 to $28,000 $18,500 to $30,000
Packaged Water to Water System** $4,500 to $9,000 $18,250 to $30,000 $20,500 to $36,000

* Water to air systems are forced air systems. In winter, heat is collected with water circulating through the pipes in the ground and transferred to air being forced by a blower fan through your home’s ductwork.

The opposite occurs in summer. Heat is collected from the air in your home, transferred to the water in the pipes, which are then cooled by stable ground temperatures.

** Water-to-water systems are hydronic systems. Heat is transferred between the water in the loop system and water in an indoor radiant heat floor system or baseboard heat system.

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