average cost for new heat pump system
You can also choose to install electric heat, which comes from small registers located around the border of each room. Although the cost of installation averages between $1,000 and $2,000, this type of furnace isn't a good idea for heating large spaces and comes with high energy costs. One newer option gaining popularity is a heat pump, which pulls in heat from the air or ground using refrigerant coils. Air source heat pumps cost $1,500 to $7,000, while ground source may cost $7,000 to $25,000. These furnaces can be used as air conditioning units in summer, but many can't operate in extremely cold climates, limiting their efficacy.