If your furnace or air conditioner are in need of replacement, and you're on the fence about what to do consider a heat pump. A heat pump is an affordable way to provide for your heating and cooling needs. Check out these important facts about heat pumps to determine if one is the right solution for your home.
They Heat and Cool
Heat pumps are an all-in-one solution for both your home's heating and cooling needs. Depending on the temperature, you can set your heat pump to cool or warm your entire home. During summer months, the heat pump works by pulling hot air out of your home and displacing it outside. At the same time, it pulls cool air from outside and pumps it inside. During the colder months, the system works in reverse, placing warm air inside your home and expelling cold air outside.
They Are Energy-Efficient
Heat pumps are one of the most energy-efficient heating and cooling options. They require less energy to function than standard furnaces and air conditioners while still offering comfortable heating or cooling. A typical air-source heat pump can save you between 30 and 40 percent on your electric bill each month. Plus, if you purchase a high-efficiency heat pump, they dehumidify your home better than a typical air conditioner, which also allows them to use less energy to properly cool. Because they are energy-efficient, they are also better for the environment, reducing your carbon footprint.
They Are Expensive but May Still Save You Money
If you install a whole-house air-source heat pump and you already have existing ductwork, expect to pay between $2,000 and $8,000. A furnace, on the other hand, can cost between $1,000 and $7,500, depending on whether you choose electric or gas. A Central air conditioning unit costs between $3,500 and $4,000. Most likely, if you purchase a heat pump, it will cost you more than a furnace or air conditioner. However, a heat pump can heat and cool, so you only need to purchase one. On the other hand, buying a new furnace and installing central air conditioning will cost you more than just investing in a single heat pump.
They Aren't Perfect for Every Climate
Heat pumps are very effective and efficient, but they aren't great for every climate. Furnaces have heating elements that actually heat the air before forcing it into your home. Air conditioners have cooling units that cool the air. Heat pumps don't actually heat air. Instead, they move air around to create a more comfortable temperature, so they aren't as effective as a furnace or air conditioner. This means that if you live in an area that sees extremely hot or cold temperatures, the system will use more energy while failing to providing the heating and cooling you need, which is just a waste of your money.
They May Not Be Enough
Even if you live in an area with mild temperatures, a heat pump may not be enough. You never know when you might have an unseasonably cold winter or hot summer. This is why many people who use heat pumps have a backup system. You may even want to invest in a backup furnace or central air conditioning unit, which can significantly impact your budget. A cheaper option is to purchase portable heaters or air conditioning units. They aren't as efficient and only heat one room at a time, but they are cheaper and could be an excellent backup for your heat pump.
A heat pump is a great investment for your home. They are expensive to install, and you may still need a backup, but they can drastically cut your energy bill. If you are considering installing a heat pump, contact a contractor in your area today to get a quote.