HVAC •
Heat Pump vs. Furnace Installation Budgets
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Home Cost Experts
Construction Estimator
Table of Contents
Deciding Between Heat Pumps and Gas Furnaces
Heating and cooling account for the largest portion of home utility bills.
Upfront Capital Costs
- Gas Furnace: $3,000 to $6,000 installed.
- Electric Heat Pump: $5,500 to $11,000 installed (includes air handler).
Operational Efficiency
Heat pumps do not create heat; they transfer heat from the outside air into the home, yielding up to 300% efficiency. Gas furnaces average 80% to 96% efficiency by burning gas fuel, making heat pumps a highly efficient choice.
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Written by Home Cost Experts
Home Cost Experts is a construction estimator with over 15 years of residential construction planning experience. He oversees our cost verification pipeline.