Low-temperature heat pumps range from $500 to $1,500 as of 2015. Most heat pumps cost around $1,300. Prices of heat pumps vary greatly according to the features, model and manufacturer of a particular unit.
Additional expenses incurred by heat pumps are installation, maintenance and operating costs. Compared with conventional heating systems, heat pumps generally have a much lower operating cost.
Some heat pumps also come equipped with an air conditioner, much like the Honeywell MM14CHCS. This Honeywell product has garnered high ratings among Amazon shoppers, and is available for between $500 and $700 as of 2015. Users can set up and install this unit themselves.