Cost Analysis: Are Heat Pumps Really Worth It?

Heat Pumps

In today’s blog, the Home Comfort Advisors at Action Furnace will go into everything you need to know about heat pump installation. From costs, to potential energy savings and long-term benefits we’re here to help you make a more informed decision.

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Posted by Ryan | October 31, 2024

If you’re looking to upgrade your home comfort system, you’ve probably heard about heat pumps. But are really worth the hype, and the cost? In today’s blog, the Home Comfort Advisors at Action Furnace will go into everything you need to know about heat pump installation. From costs, to potential energy savings and long-term benefits we’re here to help you make a more informed decision. 

So if you’re aiming to boost efficiency, reduce your monthly bills, or increase your home’s value, read on! You might just find out if a heat pump is the right choice for your home and budget.

Action Furnace has been Alberta’s home comfort leader since 1975, and we’re proud to offer affordable and reliable installation solutions. Let’s begin!

Energy efficiency diagram illustrating heat pump performance, highlighting cost savings, energy reduction, and long-term environmental benefits.

Air source heat pump with a piggy bank on a blue background, symbolizing environmentally friendly heating and cost-saving solutions.



Bright autumn forest reflected in calm water in the Canadian Rockies, representing Action Furnace’s commitment to providing reliable home comfort solutions in Alberta since 1975

What Is A Heat Pump & How Does It Work?

A heat pump is an all-in-one heating and cooling system that keeps your home comfortable year-round. Here’s how it works:

When it’s in heating mode, the heat pump pulls air in from the outside, and moves the warmth into your home. It uses a process to compress the air creating heat to keep you cozy. In cooling mode it works the other way around, taking air from inside  your home and moving it outdoors. 

Heat pumps have two main components: an outdoor unit where the heat transfer happens, and the indoor unit which helps circulate the air. These units are connected by a refrigerant that moves the heat back and forth as needed.

It’s a clever and efficient way to keep your home the perfect temperature. But did you also know that they come in different types?

Vertical banners representing the four seasons—winter, spring, summer, and autumn—illustrating how a heat pump provides year-round heating and cooling for home comfort.



Beautiful home exterior with a manicured lawn and trees in the background, showcasing an ideal environment for a heat pump installation.

Happy family inside their home during winter holidays, illustrating the warmth provided by a heat pump in heating mode, as it transfers warmth from outside to keep the home cozy.

Air Source Heat Pumps

These are the most common. Air source heat pumps work by pulling heat from the air to heat and cool your home.

Ground Source Heat Pumps

These heat pumps use the stable temperature of the ground to heat and cool your home. Underground pipes absorb heat in the winter and release heat in the summer, allowing for incredible efficiency. But it is important to note that installation is more complex.

Cold Climate Heat Pumps

This mighty equipment option is a part of the air source heat pump family, and is specifically designed to handle our harsh prairie winters. They have specialized features such as variable speed compressors, and cold-weather refrigerants to ensure effective heating no matter the conditions outside. 

Each type of heat pump has its own unique benefits, but all offer energy-efficient ways to keep your home comfortable year round. Feel free to give one of our Home Comfort Advisors a call to explore which equipment options are the best fit for you!

Now, let’s address the elephant in the room…the cost.

Cost Considerations

Just like any home comfort upgrade, heat pumps do come with an upfront cost. But let’s see how it shakes out against the potential long-term cost savings and benefits.

Upfront Costs

The initial cost of heat pump installation greatly depends on the type of equipment you choose. Air source heat pumps tend to be the most cost effective, with installation costs ranging from $8000-$18,000 for a full system. While ground source and cold climate heat pumps are higher in price, due to their more complex installation, their greater efficiency may balance out the sticker shock long term.

Homeowner replacing a dirty furnace filter, emphasizing the importance of regular maintenance for optimal heat pump performance.



Air conditioning technician preparing and servicing an air conditioning unit, illustrating the need for routine maintenance to keep systems running efficiently.



Modern air source heat pump installed against the exterior wall of a residential building during winter, showcasing its year-round functionality and energy efficiency.

Heat Pumps vs. Traditional HVAC Systems - A Cost Analysis

Heat pumps are known for being significantly more energy efficient than traditional HVAC systems, like furnaces or AC units.

Instead of generating heat, heat pumps simply move it around which requires less energy, which means overtime, a heat pump can save you lots of money on your monthly utility bills!

So while you may be spending more upfront, the savings overall can help offset that expense.

Typical Maintenance Costs

Just like your furnace or air conditioner, your new heat pump requires regular maintenance to ensure it’s working its best. Luckily, it’s pretty straightforward.

Our professionals will check your heat pump’s refrigerant levels, clean the coils and make sure all components are working together seamlessly. 
Heat Pumps also usually last longer than traditional systems and require less repairs when properly maintained. So schedule your tune-up with Action Furnace today to maintain efficiency and performance long-term.

Become A Member Today!

We know that you know that maintenance is important. However we also know you’re busy. So take the stress out of regular maintenance with our Total Comfort Club.
For one low monthly price your heat pump tune-ups will be pre scheduled and you’ll enjoy front of the line, priority service, 50% off diagnostic fees and 10% off any future repairs. Talk to your installation technician to learn more, or call our friendly customer service team!

Woman sitting at a desk calculating bills at home, highlighting the energy efficiency and cost savings of heat pumps compared to traditional heating systems.



Red and blue thermometers side by side, featuring a hot sun and cold snowflake, symbolizing the versatility of heat pumps for both heating and cooling in a single system.



Touchscreen display of an intelligent home automation system used for remotely controlling house temperature, showcasing wireless energy-saving technology.



Canada and Alberta flags waving in the snowy Rocky Mountains, representing Action Furnace's expertise in installing cold climate, air source, and ducted heat pumps.

Financing

Action Furnace is also making it easier to keep your home comfortable throughout every season! We’re proud to offer flexible financing options to help get a new heat pump installed faster than you thought possible.

We have equipment options starting as low as $14/week, so call us today!

Rebates & Incentives

Alberta’s Clean Energy Improvement Program helps homeowners finance energy efficient upgrades, and this includes heat pumps! The payments for your new equipment are tied into your property taxes, and provide attractive interest rates and repayment terms helping make the switch to heat pump technology even easier.

Benefits Of Heat Pump Installation

We’ve alluded to the benefits of heat pump installation elsewhere in the blog, but hey there’s nothing wrong with reiterating them here. We really like our heat pumps here at Action Furnace!

Energy Efficiency

Traditional systems burn fuel to create heat, while heat pumps simply move heat from one place to another. And this process uses a lot less energy. Over time this efficiency can really pay off, leading to noticeable reductions in your utility bills, sometimes cutting costs by as much as 50%!

Environmental Impact

Traditional systems, like furnaces, burn fossil fuels to operate, releasing emissions into the atmosphere. Heat pumps on the other hand, don’t burn anything, producing fewer greenhouse gasses, and reducing your home’s carbon footprint. By making the switch you’re helping to contribute to a more sustainable future for our planet.

Versatility & Comfort

Heat pumps are super versatile as they offer both heating and cooling in one sleek package! They also offer more consistent temperatures throughout your home, avoiding hot and cold spots that older systems can struggle with. 

Many heat pumps also come with smart thermostats for enhanced comfort, control and convenience.

Potential Drawbacks

While we believe in the power of heat pumps, we also think it’s important to know the potential drawbacks associated with installation as well.

The efficiency of some heat pumps can decrease in extremely cold climates, leading to a jump in costs and the potential need for supplemental heating. Installation is also crucial here, as an improperly sized unit will also struggle to heat and cool your home effectively. 
So trust the knowledgeable team at Action Furnace to help mitigate these potential issues!

Young woman working from her home office, symbolizing a comfortable and energy-efficient living space with proper heating and cooling solutions.

Air source heat pump against a beige background, representing modern, environmentally friendly heating and renewable energy efficiency.

Trust The Pros! 

When you book your heat pump installation, your personal heating technician will come to your home to begin the evaluation process.

During your evaluation, your technician will examine the size of your home and estimate the amount of usage in order to quickly give you the best options. We’ll take thorough measurements of your home’s square footage, doors and windows, and inspect vents and ducts to ensure there are no clogs or visible damage that might affect the performance of your new heat pump. 

We will then present your comprehensive quote best suited to your home’s heating and cooling needs.

Recommendation 

Heat pump installation recommendations are thorough and made with your home’s unique needs in mind. You will also have the peace of mind of knowing that with Action Furnace there are no hidden fees or surprises with our clear and comprehensive quotes.

All equipment recommendations are completely explained and consider efficiency, size and power requirements, as well as our most popular and user friendly models.

Installation

Our experts will quickly install your new heat pump and walk you through the operations and features, so your comfort is taken care of for years to come. 

Heat pump installation typically takes 6-8 hours, but it’s important to note that every home is different, and we’ll always take the necessary time to complete the project to our exacting standards.

Finally, with Action Furnace’s Customer Respect Guarantee you can rest assured that our installation technicians are the best in skill, attitude and workmanship. They will care for your home and complete the job with speed and precision. If our team has not met these high standards, we will provide you with a 1 year Comfort Club membership at no charge.

Installing a heat pump is more than just an upgrade for your home, it’s a smart investment in energy efficiency, environmental responsibility and year-round comfort. While the upfront costs can seem high, the long term savings and benefits make it an option worth considering. Plus with the ability to both heat and cool your home, heat pumps offer versatility and reliability that Alberta homeowners are looking for. 
If you’re ready to boost your comfort this season, give Action Furnace a call today!

Frequently Asked Questions About Heat Pumps

What type of heat pumps does Action Furnace install?

At Action Furnace we specialize in the installation of cold climate, air source and ducted heat pumps. Contact our Home Comfort Advisors for more information.  

How long does it take to install a heat pump?

While no two jobs are the same, most heat pumps can be installed within a single day. Contact one of our expert Home Comfort Advisors for your no obligation recommendations today.

What warranties are available on heat pump installation?

Our exclusive equipment options come with an amazing 12-year parts and labour warranty for enhanced peace of mind.

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