Over time, your heat pump will require more time and energy to provide the same degree of comfort. This is a natural result of normal wear and tear. When it’s time to replace your heat pump system, taking the time to compare your options will ensure the upgrade is cost-effective.

The HVAC professionals at Paniccia Heating & Cooling would like to help. With years of experience replacing heat pump systems, our technicians are sure to know what combination of equipment is right for you. We can offer heat pump installation in Michigan City that’s affordable and hassle-free.

On average, a new heat pump system costs approximately $7,000. But depending on the model, the size of your home and many other factors, it can be higher or lower. To help give you a better idea, here’s everything that can affect heat pump replacement costs.

There Are Different Types of Heat Pumps

Heat pumps can be an efficient, flexible solution for heating and cooling your home. It’s a good idea to consider at least a few options before installing the first one you find. But with many efficient heat pumps available, which one is best?

First, prioritize brands with a reputation for quality and long-lasting efficiency like Lennox. Their line of heat pumps can provide reliable comfort all year long. Even if another brand claims to be cheaper, you could end up spending more on energy bills and repairs.

But there’s also the heat pump’s design to take into account. Some types of heat pumps require additional accessories or equipment.

  • An Air-Source Heat Pump works with your existing duct system and is especially efficient for heating and cooling systems that already have a furnace.
  • Mini-Split Heat Pumps don’t need ductwork, so costs ultimately depend on how many indoor air handlers you choose to install.
  • For cutting-edge heating and cooling, a Geothermal Heat Pump can satisfy the largest homes’ comfort requirements. This design is more dependent on geographic location and is one of the most expensive, yet powerful options.

Ensure It’s the Correct Size

A common mistake some homeowners make is assuming bigger is better. But a heat pump that’s too big can reduce efficiency just like one that’s too small. Professional technicians will help you compare the heat pumps’ capacity using your home’s square footage, the number of windows, home insulation and other factors.

Check the Energy-Efficiency Ratings of Potential Models

A heat pump’s energy-efficiency ratings are one of the key aspects of determining heat pump replacement costs. Since a heat pump offers both heating and cooling, there will be two ratings to compare: SEER for cooling, and HSPF for heating. While higher-rated models are more expensive, they may save you more in long-term energy costs.

The Seasonal Energy Efficiency Ratio (SEER) is used for air conditioners and other cooling equipment. 15 is the minimum required rating for modern heat pumps. Higher ratings mean the heat pump is more efficient at cooling your home, with top-of-the-line models reaching an approximate rating of 27.

The Heating Seasonal Performance Factor (HSPF) is a slightly different scale, with a required minimum of 7.7 HSPF. Ratings between 8.5 to 12.5 are eligible for the ENERGY STAR® designation.

Labor Costs Should be Included in Your Decision

Take the time to choose a service company you know is trustworthy. Otherwise, they may attempt to push for services and extra equipment you don’t truly need. Inexperienced technicians may end up installing a heat pump that’s not the correct capacity, leading to losses in monthly energy bills.

A quality technician can easily justify their prices, walking you through every aspect of heat pump installation costs. The experts at Paniccia Heating & Cooling can thoroughly review your home and existing HVAC system to determine a rough approximation of heat pump replacement costs.

Don’t Forget to Choose a Quality Air Handler

Many types of heat pumps need an indoor air handler for efficient heating and cooling. Air handlers replace the role of ductwork, ensuring climate control is distributed evenly through the home. Your technician can help figure out the optimal number of air handler units your home should install for consistent, affordable comfort.

Call Paniccia Heating & Cooling for Help Finding the Right Heat Pump System

Minimize costs while maximizing your new heat pump’s productivity. For the best advice and most affordable options, call Paniccia Heating & Cooling! Our friendly experts will take the time to learn about your comfort preferences before providing their recommendations for the ideal solution.

Sound like a good deal? Give us a call at 219-872-2198 or contact us online to request a free quote today.