$1,500 to $7,500 $3,956 and $6,702
According to the United States Department of Energy the average cost of a geothermal heat pump system is $2,500 per ton. The agency goes on to say that the average residential property is going to require a unit of three tons to supply their needs.  Heat pump prices and heat pump estimates. When entering the market for a heat pump, know that there are two general types of heat pumps available for you: air source heat pumps and geothermal heat pumps. Costs for an air source heat pump usually range from $1,500 to $7,500 for the purchase and installation. Geothermal heating system price varies depending on the type of loop system, usually either vertical or horizontal. On average, a typical home of 2500 square feet, with a heating load of 60,000 BTU and a cooling load of 60,000 BTU will cost between $20,000 to $25,000 to install.  An average home needs 3 tons of heating capacity, and the average cost of a geothermal system is at least $2,500 per ton of capacity. Generally, for each ton of capacity, air source heat pumps are about $3,000 less to install than geothermal heat pumps.  1 Complete installation of a geothermal heat pump (ground-source or water-source) can cost $10,000-$25,000 or more, depending on the length and depth of the underground pipes, soil conditions and other excavation and installation factors. Discounts: 1  In an older home, adding an electric heat pump might require hiring an electrician to upgrade the electrical panel to 200 amps, which can cost an additional $1,300 -$3,000. 2  Kansas City Power & Light provides a detailed overview of the different types and uses of heat pumps. 1 For less moderate climates, installing a dual-fuel air source heat pump that works with a natural gas or propane furnace under a single control system can cost $2,500-$5,500 to install just the heat pump, or $5,000-$25,000 or more for a complete system that includes both the electric heat pump and a fossil-fuel furnace. Discounts: 1  In an older home, adding an electric heat pump might require hiring an electrician to upgrade the electrical panel to 200 amps, which can cost an additional $1,300 -$3,000. 2  Kansas City Power & Light provides a detailed overview of the different types and uses of heat pumps. Total Cost of Heat Pump Installation. Adding up the numbers, your heat pump with installation might cost as little as $2,000 or as much as $11,000. The average cost of a new heat pump installed in 2012 will run a total of $6,625. 1. The Size or Capacity of the Heat Pump: The larger the heat pump is, the more it will cost, within the same brand and series. They are built in whole-ton and half-ton sizes from 1.5 ton to 5.0 ton capacity for residential i Because of all of these factors, the average cost of heat pump system installation is around $5,000. Of course, this can vary depending on the size of your home and the type of heat pump system you are considering in the first place.  A heat pump will replace both the furnace and air conditioner/central air unit. It may be costly to install, with the national average falling between $3,956 and $6,702, but it will save you considerable money in energy costs. Consider the following factors before installing a heat pump: The biggest single factor is determining the price of your heat pump is the size of your house. The cost of installing a heat pump will be more expensive for the geothermal type than air-source as it needs to be installed underground. 1 Expect to pay about $2,000-$8,000 for installation of a whole-house air-source heat pump system in an average home (three-ton capacity) with existing usable ductwork. 2  The total costs can double or triple to $4,000-$24,000 or more if new ductwork must be installed or failing ductwork must be replaced. Discounts: 1  In an older home, adding an electric heat pump might require hiring an electrician to upgrade the electrical panel to 200 amps, which can cost an additional $1,300 -$3,000. 2  Kansas City Power & Light provides a detailed overview of the different types and uses of heat pumps.
http://www.fixr.com/costs/geothermal-heat-installation http://www.qualitysmith.com/request/articles/articles-hvac/heat-pump-prices/ http://energyhomes.org/renewable%20technology/geoinstallation.html http://www.qualitysmith.com/request/articles/articles-hvac/geothermal-heat-pump-cost/ http://home.costhelper.com/heat-pump.html http://home.costhelper.com/heat-pump.html http://www.webhvac.com/2012/01/what-is-the-average-cost-of-a-new-heat-pump-installed-in-2012/ http://www.improvenet.com/r/costs-and-prices/heat-pump-installation-cost-estimator http://www.homeadvisor.com/cost/heating-and-cooling/install-a-heat-pump/ http://home.costhelper.com/heat-pump.html
average cost of heat pump system and installation