Q:

How much is a heat pump system?

A:

Quick Answer

Installation of an air-source heat pump for an entire home ranges from $2,000 to $8,000, according to CostHelper. The price of a heat pump system varies widely based on whether or not duct work is already in place and the type of heat pump system installed.

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Full Answer

While costs vary greatly, the Department of Energy suggests heat pumps offer an energy efficient alternative for homes in moderate climates. An air-source heat pump averages between $4,000 to $5,000 to install, depending on the number of indoor units required. A duel-fuel system that works with an existing furnace costs approximately $2,500 to $5,500 to install. Although costly to install, the Department of Energy suggests a geothermal (ground-source or water-source) heat pump is more efficient because it connects to a nearby water source. Geothermal heat pump can range between $10,000 to $25,000, depending on where the water source is.

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