Additional costs apply for a hybrid furnace (+ $2,000 – $6,000), installing ducts (+ $2,000 – $4,000), or replacing an air handler (+ $2,000 – $3,500). Ask for a full itemized contract in writing in case of a dispute. The objective of using a heat pump calculator is to determine the size, cost and eventual cost savings of the heat pump system you will need based on your heating requirements. A new heat pump costs $3,800 to $8,200 to install on average, depending on the size, efficiency rating, brand, and type. Get free custom quotes from qualified pros in your area. Factory direct ductless air conditioners, mini split systems and heat pumps ship Canada-wide. The two main components, the ground loop and heat pump, cost $2,500 to $5,000 per ton to install. Get free estimates from heat pump installers near you. Section 3 - Coming to Terms with Heat Pumps. Heat pumps are 2 to 3 times more efficient than furnaces, and pay themselves back in energy savings within 5 to 12 years. Federal Equipment Tax Credits for Primary Residences, trane.com/residential/en/buying-a-trane/pricing-guide/, energysage.com/green-heating-and-cooling/air-source-heat-pumps/costs-and-benefits-air-source-heat-pumps/, energy.gov/energysaver/heat-and-cool/heat-pump-systems, energy.gov/energysaver/heat-pump-systems/air-source-heat-pumps, energy.gov/energysaver/heat-and-cool/heat-pump-systems/geothermal-heat-pumps, dandelionenergy.com/geothermal-pricing-guide, carrier.com/residential/en/us/products/heat-pumps/heat-pump-efficiency/, hvacdirect.com/heat-pump-split-systems.html, neep.org/blog/looking-winter-proof-heat-pumps, leonardo-energy.org/hc/en-us/articles/203047881-How-efficient-is-a-heat-pump-, energy.gov/eere/articles/5-things-you-should-know-about-geothermal-heat-pumps, https://energyinformative.org/saving-money-with-geothermal-heat-pumps/, vermont.gov/sites/dps/files/documents/Energy_Efficiency/Reports/Vermont%20ccHP%20Summary.pdf, consumerreports.org/cro/heat-pumps/buying-guide/index.htm, asm-air.com/hvac/heat-pump-vs-furnace-pros-cons/, energystar.gov/about/federal_tax_credits/non_business_energy_property_tax_credits, New Heat Pump Connected to Existing Furnace. Natural Resources Canada's Office of Energy Efficiency. Compare warranties on labor and equipment. Heat Pumps are reasonable priced products that help to heat down particular rooms they are put in and they work like charm indeed. Your family’s personal comfort preferences. The air handler houses an inside coil, blower fan, control board, and an auxiliary electric strip heater. Supplemental heating is typically required when the balance point is below 32°F. While most programs are provincial, the Canada Mortgage and Housing Corporation (CMHC) offers a premium refund of up to 25% on mortgages for homeowners who are buying, building, or renovating for energy efficiency. Heat naturally tends to move from warmer areas to cooler areas, and heat pumps work by reversing this flow—the same way water pumps work by reversing water’s natural tendency to flow to the lowest point (See How Do Heat Pumps Work? 4.1 out of 5 stars 27. Ask for an estimate of annual operating costs. It doesn’t have a compressor. A new ac unit costs $3,300 to $6,000 to install but only cools. Strategically place a bush or fence up upwind of the coils to block the unit from high winds, which protects the unit’s defrosting abilities. Avoid making large payments upfront. A geothermal heat pump will immediately save you 30 to 60 percent on your heating and 20 to 50 percent on your cooling costs over conventional heating and cooling systems. Contact a dealer near you to get all the information you need about Carrier heating and cooling systems. Frigidaire HVAC has a range of heat pump options in many different efficiencies and sizes. Are there heat pump rebates in New Brunswick? Average costs and comments from CostHelper's team of professional journalists and community of users. Otherwise, the easiest way to size a heat pump is by using the existing system's capacity for the replacement unit. The average labor cost to install a heat pump is $1,200 to $3,500, depending on the size and type. Get Email Offers. If you’re not ready to speak to a dealer yet, we have created a Savings Calculator to help you determine what you could save with a heat pump. Learn even more about government subsidies for heat pumps by reading The Guide To Heat Pump Rebates in Atlantic Canada and The Guide To Heat Pump Financing in Atlantic Canada. The life expectancy of a heat pump depends on the type, brand, maintenance history, and the local climate. Zoned heating and cooling system for up to eight zones without ductwork. The, offers money back on efficiency upgrades, while the. Never pay in full or in cash, and come up with a payment schedule for work completed. An absorption heat pump is an air-source heat pump powered by geothermal or solar-heated water rather than electricity. The more energy efficient the systems are, the greater long term savings on energy. A heat pump water heater costs $1,800 to $5,000 to install on average. Except rare cases, pros include all materials, equipment, permits and labor in the project bid. Removing the AC unit costs $300 to $500. Daikin has been a leading innovator and worldwide provider of advanced, high-quality heat pumps for residential, commercial and industrial applications for 90+ years. Adjusts output from 40% to 100% capacity to maintain the desired temperature. New Heat Pump Cost. Heat Pumps. CDN$ 179.65CDN$179.65. Brands range in price from budget to premium, depending on their reliability, features, efficiency, performance, and longevity. I am sure you are looking to buy one of the best heat pumps available in the market and we have listed out some of the best ones for you. The average cost of a new heat pump and furnace is $4,500 to $10,000. Are there heat pump rebates in Nova Scotia? Heat pump replacement costs $2,500 to $7,000 on average, if you already have an air handler and ducts, and just need the heat pump swapped out. Labor costs average around $100 – $150 per hour, or about $1,500 to $2,250 for the project.. Section 4 - Air-Source Heat Pumps. $21.88. Solar heat pumps cost $15,000 to $30,000 to install on average. The cost for heat pump installation varies according to several factors. The cost of installing an air-source heat pump varies depending on the type of system and the existing heating equipment. How much will my HVAC system cost? Table of contents. Heat pumps can certainly handle low temperatures, but on extra cold days your preexisting heat source (e.g. LG HSV4: $3,295 (See LG Review Video and Article) Mitsubishi FE: $4,295 All prices above are installed (standard install), including electrical and refrigeration. A new furnace costs $2,000 to $6,000 to install, compared to a heat pump at $4,000 to $8,000. That’s why it consumes less energy than it displaces. Although the upfront cost is high, GSHP systems pay themselves back in energy savings within 5 to 10 years. Electric resistance heaters should provide at least 70% of the heat that the heat pump delivers. Average installation costs vary slightly by location: *Average cost for 2.5 Ton 14 SEER heat pump system with installation. One coil evaporates the refrigerant and absorbs heat from the air. How Does an Air-Source Heat Pump Work? What are the different types of heat pumps and what do they cost? Prices increase for ductwork modifications, electrical upgrades, bedrock removal, zoning, or if multiple heat pumps are required. A solar water heater costs $2,000 to $5,500 to install and can also be configured to work with a heat pump. The average cost to replace a heat pump and air handler is $5,000 to $12,000. A geothermal heat pump costs $10,000 to $25,000 to install, depending on the size, system type, excavation, drilling, and labor. Showing all 5 results. Heat pump size needed also depends on climate zone. Have you explored your heat pump options? Heat Pump Efficiency Rating . Heat pumps are 2 to 3 times more efficient than furnaces, and pay themselves back in energy savings within 5 to 12 years. Supplemental electric heating is typically required when the balance point is below 32°F. Installing a ducted central air system costs less with new construction or additions. In northern climates, heat pumps may require a furnace for backup heating. Less efficient than geothermal heat pumps, but cost half as much. A quality heat pump pool heater is an excellent investment that can cost you thousands of dollars. Table of contents. Yes, the Government of PEI offers Energy Efficient Equipment Rebates for the installation of ENERGY STAR® certified heating equipment, including heat pumps, with rebates of up to $2,400. If you live in a cooler climate where the temperature is below freezing for a long time (as it is in most of Canada), consider opting for a specialized type of heat pump. Geothermal heat pump systems tap into the energy right in your own backyard—transferring heat to or from the earth to heat or cool your home. Geothermal and solar tend to cost the most at $6,000 to $40,000. The manufacturer provides a 10-year limited parts warranty on all heat pumps and a lifetime limited warranty on specific models. A cheaper auxiliary heating option is using a hydronic coil with heat from a water heater. Heat pumps are available in split or packaged systems with various performance levels. Utilizing the industry leading EVI (Enhanced Vapor Injection) compressors with DC variable speed input, our heat pumps are able to operate continuously in weather as low as -30 C (-22F). More often than not, you won’t be able to control all of them (like location or size of your home), but knowing all before installing a heat pump will certainly give you a leg up as you find the right HVAC contractor near you. Atlantic Canada’s relatively mild winters (for Canada) make heat pumps an ideal source of home heating for most of the year. The application is available through Efficiency Nova Scotia’s “Green Heat” section of their website. Uses electricity and doesn't produce carbon monoxide. Note: If your heat pump can be repaired rather than replaced, see these pages for the replacement of the evaporator coil or compressor. The application is available through Efficiency Nova Scotia’s “, Yes, New Brunswick offers two programs through NB Power that provide incentives to homeowners to encourage energy efficiency. Heat pump prices are $800 to $4,500 for the equipment and $1,200 to $3,500 for installation labor on average. HVAC labor rates are $75 to $150 per hour, with the average heat pump installation taking 15 to 25 hours. Enter your email to receive email and other commercial electronic messages about the latest news, promotions, special offers and other information from Costco, regarding Costco, its affiliates and selected partners. If you’re not ready to speak to a dealer yet, we have created a. to help you determine what you could save with a heat pump. In comparison, a furnace or boiler has an efficiency of 70% to 95%. An air-source heat pump costs $4,000 to $8,000, a geothermal heat pump is $10,000 to $25,000, and a ductless mini-split heat pump runs $1,500 to $3,500 per zone. FSH1BG | Up to 19-SEER, 10-HSPF iQ Drive® Heat Pump… Heat pumps under this budget brand have an average lifespan of 15 years, offering better overall value than most heat pump brands. ; NO ductwork though): $12,709.27. For 1 watt of electricity consumed at an outdoor temperature of 8°C, an air-to-air heat pump releases 3 watts into your house. Can be ducted, short-run ducted, or ductless. Look for heat pumps specifically designed and rated for mobile homes. However, a heat pump costs more to install than air conditioning. Section 3 - Coming to Terms with Heat Pumps. The heat is then introduced inside the home. A ductless mini-split heat pump costs $2,000 to $10,000 on average for installation, depending on the system size, number of zones, and brand quality. Section 1 - Introduction. The exact numbers will vary and will depend on the construction and layout of your home. Our pricing guide explains all the factors that affect your price. This calculator will help you determine how much you could save by upgrading to a heat pump. Heat pump pool heaters work efficiently when outdoor temperatures remain above 45°F. Central / Midwest. Heat pumps warm homes during the winter and cool homes in the summer. Make sure they are licensed, insured, and bonded. News release January 13, 2021 St. John’s, Newfoundland and Labrador Natural Resources Canada As the COVID-19 pandemic continues to evolve, the Government of Canada remains committed to building a clean energy future to strengthen the economy, create good, middle-class jobs and support the natural resources sectors. Trying to figure out how much your heat pump replacement should cost? Compare quotes from local heat pump installers. Were they to test the most efficient heat pump available today, the Btu cost would be substantially lower. The cost of your Trane heat pump will vary depending on the size of your house, model you choose, special installation requirements - even where you live and the climate in your area. Extra-large homes may require more than one pump. The only way to calculate an exact cost for any given home is through a heat pump consultation from an authorized Daikin Atlantic dealer, but read on if you would like to understand the factors that go into determining the cost. Central / Midwest. The short answer is yes. Still have questions? Heat Pump Models Mini-split systems are similar to a regular air source heat pump with an outside compressor or condenser and one or more indoor air handlers. In southern states with moderate climates, these systems run less. The Difference Between a Heat Pump and Air Conditioner. Alarie said his current annual heating cost from electricity is $630. Ok, ok…yes this is the Ferrari of heat pumps, but if nothing else, it should show you the absolute maximum heat pump installation price. A heat pump consumes less energy than other heating units and costs less to operate. The heat pump lasts 15 to 25 years, and the ground loop components last 50+ years. The best heat pump brands are Lennox, American Standard, Trane, Carrier, and Bryant. That’s a question with a complicated answer. The cost of an installed ductless heat pump with one indoor heating/cooling zone will be significantly lower than the cost of a more complex system with a number of independent heating/cooling zones. Upgrade to a heat pump today. That means you can enjoy a comfortable home and have some peace of mind when it comes to saving energy. Heat pump prices depend on the size, system efficiency, brand, and sources (air-to-air, water-to-air, geothermal, dual fuel, mini-split). These are called ground-source or geothermal heat pumps and work by pulling heat from the ground as opposed to the air. It’s a heater when it’s cold outside and an air conditioner when things get hot - the American Standard heat pump is one versatile product. Ask a heat pump pro. Ductless heat pumps reduce dust and airborne allergens. Provides both heating and cooling and can replace traditional HVAC systems or be installed as a hybrid with a furnace. Either on operating at 100% capacity, or off. Extra costs apply when converting from an old furnace to a new heat pump, or if a new air handler is needed. For accurate pricing information, contact a licensed HVAC professional for an in-home estimate. So a 12,000 BTU is less expensive than a 15,000 or 18,000 BTU sized machine in the same brand. View details go … Before hiring a heat pump installer and signing a contract, be sure to: Get free estimates on HomeGuide from trusted heat pump installers: Get free estimates on HomeGuide from trusted Heat Pump Installers: Let us know about your needs so we can bring you the right pros. While a majority of your heat pump cost will come down to the pump and labor prices, there are a few other factors you have to consider. Remember, no matter how you heat your home, it’s important to ensure your insulation meets today’s standards. A new heat pump costs $800 to $4,500 without labor and between $3,000 to $10,000 on average for a complete installation. Heat pumps work by absorbing heat from a cool area and moving it to a warm area. While the upfront cost is often slightly higher than some other methods of home heating, there are a, Heat pumps are also significantly more efficient than other common heating sources in Atlantic Canada. Air-source heat pumps cost $4,000 to $8,000 on average to install, depending on the size and brand. F-Series; Read more. This gives you the peace of mind that comes with knowing your investment is protected. Regardless of your initial investment, in most cases the cost of heat pump installation is quickly offset by the immediate monthly savings that homeowners will experience with a more energy-efficient heating system. If you get a heat pump, and keep it at the same temperature that you have your baseboards set at, you would see greater savings. In 2011, the University of Wisconsin calculated the cost per Btu (British thermal unit) of various kinds of home heating systems and found that a 78 percent efficient fuel oil furnace cost $ The average cost to install a heat pump is $5,613, typically ranging from $4,068 and $7,160 depending on the size of and type you need. Heat Pump Cost Calculator. Air-source heat pumps (ASHP) absorb heat from the air and release it inside a home as hot air or water. Learn more about the heat pump rebates available in Nova Scotia here. Less Maintenance. During the summer months, it’s the opposite: the heat pump captures the hot air inside and sends it outside. A heat pump uses 2 to 3kW and typically runs 60% to 70% of a 24-hour day when outdoor temperatures are at 20°F. Millions of people ask HomeGuide for cost estimates every year. Electric heat strips cost $150 to $600 each to install and provide backup and emergency heating when temperatures drop below freezing. Read more here to discover the heat pump rebate options available to homeowners in New Brunswick. The following table is a general guideline on the heat pump size needed. ccASHP systems save 30% to 50% annually on utility bills compared to a traditional furnace. SEER, HSPF, and COP ratings describe a heat pumps efficiency. The price is also driven by the cost of labor in your area. As Daikin dealers return to offer regular services, they have extra precautions in place to keep their team and homeowners safe by providing access to PPE. Replacing or installing new ductwork alone costs $2,000 to $4,000 on average. The Energy Saving Trust estimates that a typical air source heat pump installation will cost you around £6000 – £8000, and a ground source heat pump installation can cost £10,000 – £18,000 depending on the amount of heat required. The coils are sized to match the capacity and efficiency rating of the heat pump. Geothermal or ground-source heat pumps supply heat, cool, and hot water by transferring heat to or from the ground. FH120 is a product that was designed for above ground pools and can enable you to swim at night and when winter starts. The refrigerant is then transferred to the second coil, where it condenses and releases the absorbed heat. A heat pump dryer can be installed anywhere because it doesn’t have to be vented, and the water drainage outlet can connect to the clothes washer drain. Heat pumps have an efficiency of 200% to 300%, producing 3kW thermal energy for every 1kW of electrical energy consumed. Heat Pump Price Guides. Heat naturally tends to move from warmer areas to cooler areas, and heat pumps work by reversing this flow—the same way water pumps work by reversing water’s natural tendency to flow to the lowest point (See, Beyond that, there are a large amount of heat pumps that meet this basic definition, but work differently. In this next price table, we want to share the effect of efficiency, on heat pump prices. As cooling systems, an air conditioner and a heat pump system are very similar, drawing heat from the air inside your home and releasing it through an outdoor unit. Are they willing to answer any questions you have? CDN$ 18.29 CDN$ 18. The most efficient heat pumps use variable-speed blowers and two-stage compressors. The average single-zone unit costs $1,500 to $3,500 to install, while 5-zone systems cost $10,000 or more. Heat pumps last 15 to 20 years on average. Learn more about Amana heat pumps. The average installation time to install the heat pump is 15 hours, depending on what needs to get done. However, due to the higher initial cost for the heat pump unit, a hybrid system may be more expensive than a more commonly paired system of an air conditioner and furnace. A new heat pump costs $3,800 to $8,200 to install on average, depending on the size, efficiency rating, brand, and type. Doesn't require gas lines or ductwork. Cold climate heat pumps cost $3,000 to $7,000 on average for a basic replacement. While it’s easy to find out the cost of any given model of heat pump, that won’t give you the full story. The average cost of an installed ductless heat pump with one indoor heating/cooling zone is between $3,500 and $5,000. Get Real: Goodman 14-SEER, Single-Stage Heat Pump. ; NO ductwork though): $12,709.27. Fujitsu RLS3: $3,995 (see Fujitsu Review Video and Article). These savings are somewhat offset by the higher purchasing and installation costs of a heat pump. Home / Central Heating & Cooling / Heat Pumps. Get free estimates from trusted heat pump installers near you. Typically more expensive to operate than gas furnaces, especially in cold climates. Higher upfront cost and needs more maintenance than gas furnaces and boilers. Operates more efficiently in cold climates than a heat pump and air handler with electric resistance heating strips built-in. A heat pump costs $0.20 to $0.50 per hour to run, depending on electricity costs and heat pump type. How Much Does a Ductless Heat Pump Cost? Many heat pumps have heat strips built-in, providing 10,000 to 70,000 watts of supplemental heat. Solar-assisted heat pumps (SAHP) use thermal solar panels to cover part of the electricity demand or to capture energy by heating an intermediate fluid to feed the heat pump's evaporator. High-efficiency heat pumps cost $6,000 to $12,000 to install for ratings above 18 SEER and 10 HSPF. Section 2 - What is a Heat Pump and How Does it Work? This process cuts energy bills up to 65% compared to HVAC units. 13-14 SEER / 7-8 HSPF (Standard Eff) … An air-to-air system for a single room starts at $500, while house heat pumps typically run between $2,000 and $8,000, including installation. Uses clean, renewable energy (the sun). Some factors that can affect the cost of your installation are: Heat pumps are significantly more energy-efficient than most other forms of home heating. The other unit had been hit by icicles along the eave that broke a blade off and was not working. A cheaper option is converting the furnace to a backup heating source. Mini-Splits vs Ducted Heat Pumps: What’s The Difference? Due to their higher efficiency, heat pumps are a much more environmentally friendly method of home heating and they qualify for a variety of green rebates and subsidies. Looking for a heat pump companies near you? Contact your local dealer for details. Ideal for homes in cold climates where ductwork is already installed. Short-run ducted systems are cheaper, but only run through one part of the house. In addition to its flexibility, many of these heat pumps are also energy-efficient. 4.8 out of 5 stars 6. Heat pumps are also significantly more efficient than other common heating sources in Atlantic Canada. The following list covers the main benefits of installing a heat pump. Get at least three in-person estimates to compare. Are there heat pump rebates in Newfoundland and Labrador? There are, Since a heat pump is only moving thermal energy from one place to another and not converting another type of energy into heat, it is, But the cost of the heat pump itself doesn’t tell the whole story. Costs 40% less to run than a heat pump powered by the electrical grid. The combination of your home’s layout, construction, and your heating needs determine the kind of heat pump installation you’ll need. Air handlers circulate conditioned air throughout the home, with either a single, multi, or variable-speed motor. Table below is based on a complete, and ARI matched 3-ton heat pump system. Are there heat pump rebates in Prince Edward Island? An air-source heat pump costs $4,000 to $8,000, a geothermal heat pump is $10,000 to $25,000, and a ductless mini-split heat pump runs $1,500 to $3,500 per zone. Other factors that will affect the cost of an installed system include: the brand, model, warranty, and installation requirements. Ductless Air Conditioners are on sale at DuctlessMart.ca! There is no outdoor collector system, resulting in a lower installation cost. View details go to shop. Heat pumps last 10 to 15 years, while a furnace lasts 20 to 30 years. Nordic ® Air to Water Heat Pump. We recommend updating your browser to the latest version. discover the heat pump rebate options available to homeowners in New Brunswick. Replacing a one-way central air conditioner with a two-way heat pump costs $4,000 to $8,000 on average. Pricing for an add-on ducted heat pump starts around $5,995.00 for a Goodman model and can be 18%-20% more for the Daikin brand systems. Try out our Cost Calculator and get a price estimate that you can compare to quotes that technicians give you. That is why you need to pick the right one by considering the guide above. Standard efficiency heat pumps cost much less than the price of high efficiency heat pump systems for your home. We track the estimates they get from local companies, then we share those prices with you. Universal Outdoor Mini Split Mounting Bracket for Heat Pump Systems Up to 500lbs, 9000-36000 BTUs with Installation Kits & Hardware Included, Steel & Powder-Coated. A pool heat pump absorbs the heat from the outside air and transfers the heat to the cooler pool water circulating through the heater. There are no direct rebates on heat pumps in Newfoundland and Labrador, but, customers of Newfoundland Power can apply to finance the cost. The average cost to install a heat pump and ducts is $10,000 to $20,000, depending on the size of the home, number of stories, and ducting quality. A Trane heat pump can range in price from $4,600 - $10,000. The physical heat pumps themselves can vary significantly, and the actual cost you’ll end up paying depends on where you live, the layout of your home, and other factors. How Much Does a Heat Pump Installation Cost? Natural Resources Canada's Office of Energy Efficiency. Ok, ok…yes this is the Ferrari of heat pumps, but if nothing else, it should show you the absolute maximum heat pump installation price. Beyond that, there are a large amount of heat pumps that meet this basic definition, but work differently. Price range for 12,000 BTU Single Zone Heat Pump Systems (as of Aug 30th, 2016)York Affinity: $2,700 (Great machine for Air Conditioning). Minor heat pump repairs cost $150 to $1,000 to fix, while replacing a coil, compressor, or condenser ranges from $500 to $2,000 or more. Dismiss, On a very basic level, a heat pump is just a piece of equipment that controls the interior temperature of a building through heat exchange with the outside environment. The average cost to install a heat pump is $5,613, typically ranging from $4,068 and $7,160 depending on the size of and type you need. The Guide To Heat Pump Financing in Atlantic Canada, Yes, residents of Nova Scotia can apply for a rebate on the installation of a new heat pump heating system through Efficiency Nova Scotia. Final Words. A desuperheater for geothermal heat pumps cost $250 to $800 to add, which can provide hot water for a swimming pool, shower, or other home appliances. Their findings are born out by Efficiency Nova Scotia, a nonprofit organization overseen by the Nova Scotia Utility and Review Board. Runs either at 65% capacity to boost efficiency or 100% capacity. And your home may not feel comfortable. Lennox 25-SEER Heat Pump Installation Cost (including installation, labor, and all fees, etc. Lennox 25-SEER Heat Pump Installation Cost (including installation, labor, and all fees, etc. 28000 BTU Tri-Zone Mini Split Air Conditioner - Heat Pump - SENA/30HF/T MSRP CAD: $3,199.99 Sale CAD: $3,099.99 Payne, Aire-Flo, Airtemp, Ameristar, York, Coleman, and DiamondAir, Daikin, Goodman, Amana, Heil, Arcoaire, Day & Night, Tempstar, Armstrong Air and Ducane, Rheem and Ruud, Luxaire, Maytag, Broan, Westinghouse, Frigidaire, and NuTone, Lennox, American Standard, Trane, Carrier, and Bryant. Heat Pumps Made for Canada - Arctic Heat Pump … Despite the fact that the prices of ground source heat pumps can go up to even £45,000, this friendly environmentally investment can help you save up to £1,400 per year. Except rare cases, pros include all materials, equipment, permits and labor in the project bid. *Average home uses a 3 to 4 ton unit. Manual J and Manual S calculations are the professional way for sizing a heat pump. The Total Home Energy Savings Program offers money back on efficiency upgrades, while the New Home Energy Savings Program offers up to $10,000 in incentives for energy-efficient improvements in new construction. A new furnace may require installing expensive gas lines, which makes a heat pump the cheaper option. This means that a 12,000 BTU heat pump costs approximately the same amount of money to run as a single 1000 watt electric baseboard heater, but can produce enough heat to replace 4-6 baseboards in your home. 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