https://www.costimates.com/costs/heating-air-conditioning/heat-pump-system Typically, a heat pump will last over two decades, while the underground infrastructure can last anywhere between 25 to 50 years. Ground-source (geothermal) heat pumps: One of the most efficient heat pumps available, ground-source heat pumps use buried loop systems to extract useable heat from your home. For both styles, price is dependent on the brand of heat pump, how energy efficient it is and the size and location of the house it is to be installed in. The best type depends on the existing HVAC system. 3. Otherwise, an oversized heat pump can frequently short cycle, giving the unit a much shorter lifespan. Here is a breakdown of costs for a geothermal HVAC system. The total upfront cost of a ground source heat pump depends on many factors. Dandelion Geothermal starts at just over $18,000 – $25,000 (after federal, state, and utility incentives) for a 3 - 5 ton heat pump system which includes all installation costs. Regular maintenance inspections by an HVAC contractor can run you $150 to $300 a visit (depending on your system and your region), and repairing air compressors and similar parts can easily extend into the thousands. Geothermal heating and cooling costs 25% to 65% less to run than conventional heat pumps.. Average geothermal heat pump cost - chart The current national average, according to HomeAdvisor, is $5,396. Thus, the average heat pump replacement cost can vary. See the Financial Incentives box for more information. Installing a home heating and cooling system is a large project, so you might expect to pay between $10,000 - $30,000 on a system. This can make installation more expensive. This may affect your underground pipe configuration or the amount of pipe you need to bury to generate the heat transfer you require. Soil conditions and bedrock can also affect the design of the loop system. According to the prices homeowners have submitted on this page and on PickHVAC, that’s an accurate estimate of what people are paying to get one of these green energy HVAC system for their home. And while geothermal renewable energy can dramatically save you money on your home's heating and cooling costs, there has always been one major factor keeping homeowners from installing a geothermal heat pump: the initial sticker price. easily equate to the extra cost of installing a geothermal heat pump. The following table is a general guideline on the heat pump size needed. Welcome to Choose Geothermal. Open loop systems are not very common, and may be illegal in many regions. The GeoCool GCHPV060 Geothermal Heat Pump Vertical Package Unit can heat, cool, and dehumidify. Here are the equipment and installation cost factors related to geothermal heat pump price. It requires low to no maintenance: Another report from the U.S Department of Energy notes that geothermal systems are naturally protected from damage (since they're buried deep underground) and have far fewer moving parts than traditional heating and cooling systems/HVAC systems. Likewise, the installation cost of installing a geothermal heat pump is the highest. Additionally, geothermal heat pump systems installed in new or existing homes by Dec. 31, 2016 are eligible for a 30% federal tax credit. If you find it is broken, get the previous owner to carry some of the cost for the replacement pump. The U.S. Department of Energy explains that there are four main configuration types for your future geothermal heat pump: Installation of these loop systems can add a significant amount to your total geothermal system installation costs. Save The Planet. Using geothermal energy also reduces your impact on your local electricity grid and reduces your contributions to global carbon emissions and pollution. Even with significant increases in the efficiency of air-source heat pumps, both traditional and ductless split system heat pumps, ground-source heat pumps remain far more efficient. A top of the line product like the GeoCool GCHPV036 Geothermal Heat Pump Vertical Package Unit is an excellent example of the performance ground-source technology can routinely deliver. But, a geothermal system lasts almost twice as long as a heat pump. Average costs per square foot ring in at around $2.30 for an average installation cost of the low to high $3,000s. With geothermal, there are many things to consider, it’s not a hard technology to install but it’s a precise one. Geothermal Heat Pump Replacement Cost . Your email address will not be published. Thankfully, when one section of a geothermal heat pump malfunctions to the point where repairs will no longer do any good, you don’t need to dig up the whole system and remove the refrigerant lines to put in a replacement. In cases where corrosion occurs, or if your loops have hit the 50-year mark, a pro may advise you to replace the entire unit. Factor #3: Size of the heat pump. A geothermal system and a heat pump system have a somewhat similar price. A new heat pump costs $3,800 to $8,200 to install on average, depending on the size, efficiency rating, brand, and type. Last Updated: Wednesday, December 30, 2020, (Provide a Brief Title About Your Project, Repair, Remodel, etc), (Used so others in your area can compare). Good luck! A geothermal heat pump can easily cost double of what a conventional heating and cooling system costs. 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