A Guide to Heat Pump Prices and Installation Costs in 2023

Purchasing a new heat pump system in Canada is a significant investment. Here is an overview of average heat pump costs and tips for getting the best pricing.

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Conduct In-Depth Online Research on Equipment and Installation Costs

The first critical step is thoroughly researching heat pump equipment costs and online professional installation fees for your area. Heat pump unit prices can range widely from $3,000-$10,000 or more depending on the type, size, efficiency rating, and features. Primary ductless mini-split heat pumps for a single room cost $3,000-$5,000, while a state-of-the-art geothermal heat pump system for a whole house can cost $10,000-$20,000 or more. Installation costs typically add another $2,000-$5,000+ on top of the base equipment price. Use online heat pump cost calculators and sizing guides to estimate the proper capacity and type of system you need based on your total home square footage, climate zone, and heating/cooling output required. This research gives you a realistic budget range to evaluate installer quotes against rather than relying solely on the lowest bid.

Obtain Multiple Itemized Quotes for Brands, Unit Size, and Install

With a well-researched budget range established, take time to get at least 3-5 written installation quotes from qualified local HVAC contractors. Make sure they perform a detailed cooling and heating load calculation for your home’s specs to recommend the optimal sized heat pump unit for your needs. Compare brands offered, such as Carrier, Trane, Lennox, Daikin, and Fujitsu, across the quotes. Ask about add-ons like advanced thermostats and extended warranties. Closely compare both the total equipment costs and professional installation fees across vendors. Also, ask about financing options. Taking extra time to get multiple, detailed quotes from HVAC specialists allows you to find the ideal heat pump system and size for your home and the most competitive installer pricing.

Vet Prospective Installers Thoroughly on Credentials, Reviews, and Warranties

Before choosing a final quote and installer, thoroughly check their credentials, insurance, warranties, certifications, and customer reviews. Verify they are licensed, bonded, insured, and factory certified to install the specific brand of heat pump you want. Ask for proof of NATE/HVAC Excellence certification. Please inquire about the warranties they provide on both equipment and artistry. Check online reviews on multiple sites and ask for several past customer references to evaluate the quality of service. A reputable HVAC contractor will offer a minimum ten-year warranty on labor and stand fully behind their heat pump installation artistry. Taking time for this careful due diligence before purchasing ensures your heat pump system will be appropriately sized, installed, and maintained for optimal efficiency, comfort, and longevity.

Review Complete Pricing Details and Get a Written Contract

When you have selected a final quote proposal, be sure to carefully review all pricing and payment details, including the exact heat pump brand and model, labor rates and estimated hours, permit fees, disposal of the old system, control systems, ductwork modifications or upgrades, optional accessories, any special construction needs, taxes, and financing terms if applicable. Get a comprehensive written contract from the HVAC company outlining your exact heat pump equipment, all installation costs, including labor and materials, project timeline, applicable warranties, and any other special terms and conditions before work begins. Paying a deposit of 30-50% upfront with the balance due upon satisfactory completion is standard industry practice. This detailed written contract allows you to proceed confidently with your new heat pump system installation, knowing there will be no hidden surprises or costs later.


Investing in a new heat pump system for your Canadian home requires diligent research into optimal equipment and professional installation pricing. Obtain multiple quotes from qualified HVAC contractors to compare brands, unit sizing, labor rates, warranties, and financing. Vet each company thoroughly on credentials and reviews before deciding. Carefully understand all pricing and financing details in the contract. This due diligence when purchasing will ensure you get the ideal heat pump system adequately sized and installed for your home at a fair price, providing maximum home comfort and energy efficiency for many years.

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