Do you need a new heat pump and are wondering, “How much does it cost to replace a heat pump?” Keep reading to discover what our team at Green Energy Mechanical Inc. thinks you should know about replacing a heat pump.
With over 400 five-star reviews, you can trust our experts to provide detailed and expert service that keeps you comfortable all year round. Whether you’re searching for “heat pump installers near me” or need general maintenance, we can help.
What Is a Heat Pump?
A heat pump is an HVAC system that provides both heating and cooling in a single device, rather than using a split system with a furnace and air conditioner. They work by transferring the heat from outside into your home and thus work best in climates with moderate winters that don’t fall below freezing.
Some colder climates can support heat pumps, but most people switch to a furnace once the weather gets too cold. Heat pumps still save money and run more efficiently than traditional split systems.
Average Heat Pump Replacement Cost
Nation-wide, replacing a heat pump can cost as little as a few thousand dollars or can reach prices upward of $20,000. In general, you can expect to pay between $10,000 and $15,000 after rebates.
Factors Affecting Heat Pump Costs in Waltham, MA
Several things affect the cost. In addition to all the benefits you receive from a heat pump, the following factors mean you might not pay as much as you think.
Home Condition
Bigger homes require larger heat pumps, which come with higher price tags. If your home is less than 1,000 square feet, you’ll likely find the smallest size heat pump adequate for your needs. However, a home larger than 2,500 square feet will require the largest size heat pump.
The age and condition of your home also play a factor. Newer homes have better insulation and might require a less powerful device.
Existing Ductwork
How much does it cost to replace a heat pump? Unless you’re buying a ductless mini-split heat pump (which usually won’t heat your whole home), the state of your ductwork affects the type of heat pump you need.
If you don’t have existing ductwork, a mini-split is your best option. However, if your existing ductwork can’t meet your current needs, you’ll need to improve it before you upgrade your heat pump.
Climate
In general, warmer climates require smaller heat pumps, which means you pay less for them. Locations with moderate and even cold winters can still benefit from heat pumps, but you’ll require a larger unit, which will cost you more upfront, even if it saves you money in the long run.
Permits
While every municipal jurisdiction has different guidelines and laws, most require at least a building permit to install a heat pump. Some places require additional permits. Check with your local authority or HVAC contractor, but expect to pay at least $100 in permit fees for your heat pump.
Existing HVAC Devices
Sometimes, replacing your heat pump costs more than installing a new one because you’ll pay to remove and dispose of the old device.
Rebates and Incentives
Many city and state governments offer rebates or tax incentives for homeowners who install heat pumps because they’re significantly more efficient and better for the environment. For example, in Massachusetts, you can receive up to $10,000 in rebates, which, depending on other factors, could completely cover the cost of installing the heat pump.
Type of Heat Pump
The type of heat pump you choose has a direct effect on its cost. For example, you’ll pay more for an energy-efficient heat pump than one with a lower rating. You also have multiple options for the type you want, including:
- Ductless mini splits are the most affordable heat pumps, especially if you don’t have ductwork. However, they can only regulate a couple of rooms, so if you have a bigger home, you’ll need more of them, quickly negating the lower price point.
- Air-source models are standard and offer a middle price point. They last around 20 years.
- Geothermal heat pumps are the most expensive, though they’re extremely efficient and last a long time.
Call Us for Heat Pump Replacement in Waltham
How much does it cost to replace a heat pump? Consider all the factors, then reach out to our experts at Green Energy Mechanical Inc. for an estimate. Whether you’re wondering, “How does a heat pump work?” or need to find the right size and model, we can help.
To schedule your appointment, call 877-564-9279 today!
