average price of a new heat pump
A heat pump will replace both the furnace and air conditioner/central air unit. The average cost to install a heat pump ranges from $3,949 and $6,701 depending on the size of your home and type of heat pump. Since a geothermal heat pump requires underground installation, its installation costs will be more expensive than the costs for the air-source type.
Most customers will spend between $700 and $2,800 for a mid-quality heat pump, not including labor costs. Depending on the brand, model and installation factors like drilling or excavation, this can take the cost up to $9,000.