Re: How much to replace a Heat Pump? - Posted by Dave T
Posted by Dave T on July 10, 2007 at 05:16:49:
The cheap stuff that we used to call builders grade had a 10 SEER rating. Now, to meet current codes, I can’t install anything less than a 13 SEER rating. In a couple of years, you will also have to install a Puron system because the R-22 coolant systems will no longer be legal. Today, more expensive systems are required to meet these code changes.
Contact your electric utility company. Ask if they have a financing program for replacing your current system. I did this for a couple of my properties. They gave me 100% 5-year financing at a favorable rate and a list of approved contractors who can do the work.
I called a couple of the contractors on the list, told them that I was replacing my heat pump system under the utility company’s financing program and asked for quotes for a replacement system that met the program requirements. Once I got a bid, I submitted it to the utility company for approval. They approved the bid, inspected the work when done, then sent me a check to pay for the system in full.