Heat pump pricing for the geothermal heat pump itself range from $1,500 to $13,000 depending on the model, not including installation. when switching from a gas boiler to an electric heat pump) often mean that heat pumps may be only marginally less expensive over 10 to 12 years, even with their higher energy performance. I has a new GOODMAN 18-SEER heat pump installed to replace my existing 12 year old system. Refrigerant carries heat from the condenser to the evaporator when heating (heat pumps only) and from the evaporator to the condenser when cooling (AC-only and heat pump models) through separate lines installed through the wall (preferred) or roof (some commercial installations). Heat Pump Brands and Factors Affecting Cost. With the demise of the old refrigerant and the estimated SEER rating of about 10 for my old system, I found this a good time to replace. A heat pump, in simple terms, is a device that transfers heat from a source (such as the heat of the soil in the garden) to another location (like the hot water system of a house). For example, two heat pumps that cost $7,500 installed could vary significantly in … There are four factors determining heat pump cost, and each is important. $300 federal tax credit will help also. Depending on the size needed to heat and cool your home or business, installation can cost $10,000 or more. In many markets, the installed costs for heat pumps relative to potential savings on energy spending (e.g.

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