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What Do Heat Pumps Cost?

Installing a heat pump is one of the best ways to cut your fossil fuel use and to reduce your carbon footprint. That's why more and more Vermonters are installing them. Many see their oil, natural gas and propane use go down by up to 70%. Plus, they enjoy cool, comfortable homes all summer long!

Cut your propane bills by up to 70%

The more propane you use, the more you'll save with a heat pump.

Heat pumps use electricity to move air in your home. So your electric bill goes up after you install a heat pump. But your propane bills will go down by up to 70%. In total, you will save between $300 and $1,000 a year, depending on your propane use.

What about oil and natural gas homes?

Because oil and natural gas prices are quite low at present - about half as much as propane - if you heat your home with oil or natural gas, you won't save money when you install a heat pump. But there may be other good reasons to install heat pumps in these homes:

  • To cut your oil or natural gas use and reduce your carbon footprint.
  • To keep your home cool and comfortable all summer long.
  • To protect your family from future spikes in oil prices.

Efficiency Vermont rebates

Efficiency Vermont offers $600 rebates on the Mitsubishi heat pumps installed by the Energy Co-op. These rebates are included in our prices, so you don’t need to fill out any forms or do anything extra to get the savings.

Attractive financing for heat pumps

To make it easier to pay for your heat pump, we recommend a Heat Saver Loan from the Opportunities Credit Union. This loan comes with low monthly payments, low interest rates and flexible terms. In order to qualify for a Heat Saver loan, your heat pump installer must be a Home Performance contractor or a member of the Efficiency Excellence Network. The Energy Co-op qualifies on both counts.

Heat pump prices

Our heat pump prices compare well with other contractors and start at $3,200 (electrical work no included). Call (802) 860-4090 or send us an email to schedule a no-charge, no-obligation estimate and site visit.

Testimonials from Energy Co-op Members

View All Testimonials

My new Weil McLain looks great. Richie and Joe arrived on time, answered all my questions and were very professional.

–Gary B., Milton

Member: Vermont Fuel Dealers Association, Vermont Businesses for Social Responsibility, Renewable Energy Vermont, Local First Vermont

© 2008–2017 Energy Co-op of Vermont, 73 Prim Rd., Ste. 3., Colchester VT 05446 | Tel: (802) 860-4090 - Toll Free: (866) 626-4328 - Fax: (802) 951-9157