Electric Heat Pump Furnace Cost

A heat pump can do both.

Electric heat pump furnace cost.

Electric furnaces are generally less expensive to purchase than gas furnaces and cheaper to install. There are multiple types of heat pump systems. If you live in an area where electricity costs less than gas then a heat pump is also the better option. If you live in the south where winter temperatures may only reach 40 to 60 degrees then a heat pump is the best fit for your home.

Of course unit costs will vary depending on the size and model selected for both. Clean heating and cooling technologies have advanced in the commonwealth with air source pumps and modern wood heating leading the way. The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or. New heat pump cost.

Cold climate heat pump systems heat and cool your home at a fraction of the cost of oil or propane. Gas furnace come down to where you live. The average cost to install a heat pump is 5 613 typically ranging from 4 068 and 7 160 depending on the size of and type you need. Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces.

Why choose a heat pump over a gas furnace. The final heat pump cost depends on. An electric furnace works like a big hair dryer producing heat with electric heating elements. An electric furnace will be 100 percent efficient but will be more expensive than a heat pump.

As shown in table 1 air source heat pumps are a more efficient and cost effective way to heat your home using electricity. Heat pump installation costs 3 800 to 8 200 on average depending on the size type efficiency and brand. This can increase the price of a furnace dramatically compared to heat pump costs and may mean a heat pump is the better option. Except rare cases pros include all materials equipment permits and labor in the project bid.

Heat pump unit cost. Heat pump pricing varies from one type of system to another. Mini split systems run up to 14 500 geothermal and solar tend to cost the most at 6 000 to 40 000. The furnaces then use forced air to blow the heated air through the house.

The cost of a new electric furnace ranges from 1 000 to 2 500 while a gas furnace will cost between 3 000 and 4 000 before installation. Heat pump installation cost. Installing a heat pump is often cheaper. Energy efficiency heat pumps are more energy efficient than furnaces because transferring heat is easier than making it.

Compare costs efficiency installation operating costs and more for electric heat pumps vs gas heating to determine which hvac system is best for your home.