How expensive are heat pump systems?

Are you in the market for a heat pump to utilize in your home? You may be asking yourself, why do you need one, what are the benefits, and what is the actual cost of purchasing and installing a heat pump. First, examine what exactly a heat pump is and why you need one. Then weigh the benefits of having one, as opposed to a traditional furnace and air conditioner. Lastly, figure out what size of heat pump you need and what the actual cost is of purchasing and having one installed.

What is a Heat Pump and how it works:

Why purchase a heat pump over some other form of heating and cooling system? Heat pumps are able to replace both a furnace and an air conditioner unit. They are far more energy-efficient compared to furnaces and air conditioners! Heat pumps utilize electricity, much like other appliances, to move heat into cooler areas and vice versa. Heat pumps work differently than other HVAC systems because they move heat rather than create heat. During the cold winter, heat is moved from outside to inside your home and during the hot summer, heat is moved from the inside of your home outside. Heat pumps produce constant and continuous even heat throughout your home at a fraction of the cost compared to conventional heating and cooling systems.

Why is a Heat Pump beneficial for you and types available:

When you are shopping around for a heat pump, you need to take into account the size of your home and what type of heat pump you need to suit your needs. The size of the home determines the size of the heat pump. You need to know the square footage the ceiling, both interior and exterior walls, and the floor size when determining what size you need. There are three types of heat pumps that you can install in your home. There is the air-to-air heat pump, which is the most common. This type of heat pump moves heat between the great outdoors and your home. The second type of heat pump is the water source type, which utilizes cold and cot water instead of air. This method is used in homes without ducts and is perfect for heating flooring systems. The third heat pump option is the geothermal type of heat pump. This type of heat pump uses a ground or water source to transfer heat into your home. Geothermal heat pumps cost more to install but have lower costs when it comes to productivity. Both ground and water sourced geothermal heat pumps can be used in more severe climates compared to typical air-to-air heat pumps.

The cost of a Heat Pump and what that cost covers: