The answer to the cost of a heat pump is that it can vary widely depending on several factors. Typically, a new heat pump system for a home can range anywhere from $3,000 to $12,000 or more, installed. The exact price will depend on the size of your home, the efficiency rating of the unit, the complexity of the installation, and your local market conditions.
Factors that influence the cost of a heat pump include the type of system (e.g. air-source, ground-source, or ductless mini-split), the brand and model, the required accessories like thermostats and ductwork, and any necessary electrical or structural modifications. Additionally, the cost of labor and permits in your area can significantly impact the overall price. Getting quotes from multiple local HVAC contractors is essential to understanding the true cost for your specific home and needs.