Pros

• They are powered by air, ground, and water, which are non-harmful energy sources, unlike furnaces that run on fossil fuels that leave behind a carbon footprint.

• They are super-efficient compared to heaters and toasters. they don't generate heat, but they use free heat from the air, water, and the ground, and this gives them a spike of 300% efficiency

• If you are using natural gas heaters and furnaces, shifting to heat pumps means you get to reduce your energy bill. Besides, it makes you eligible for rebates from the federal government and the BC Hydro.

 

Cons 

Tough to Put in

A heat pump is somewhat hard to install. Research needs to be done to comprehend heat movement, resident geology, and heat demands. Besides, most installations must be done by a pro.

Cannot function well in cold weather

 

Heat pumps fail to run efficiently in cold regions, and the system may entirely fail to work. You have to use an upgraded version that has inverter technology to come around this. However, that means that you will have to spend further. And if it can't be done, then your system becomes completely redundant in colder seasons

The costs of heat pumps range from $4,110 to $7,240, relying on type, setup charges, and the specific architecture of your property. But the average price is normally $5,680, which again depends on your location, present HVAC system, and the manufacturer. 

The price of heat pumps is heavily influenced by the size and construction of your property. An expert will assess your structure's load capacity and the heat pump size that will be needed. Also, Windows, thick walls and local geology play an important part when selecting a heat pump.

Therefore, if a residential space has floor-to-ceiling arched windows, then the selected heat pump will require an additional kick in colder months.

Selecting the appropriate heat pump size for your house guarantees that it will function effectively and sustainably as it matures. Here are some of the heat pump rates;

• The cost of a 2-ton heat pump is between $3,500 and $5,500.

• The cost of a 2.5-Ton Heat Pump ranges from $3,700–$5,800

• The Cost of a 3-Ton Heat Pump starts from $3,900 to about $6,200 

• The cost of a 4-ton heat pump ranges between $4,000 and $7,300.

• The cost of a 5-ton heat pump is between $4,500 and $8,800.

The two most used types of heat pumps are the geothermal heat pump and the air-to-air heat pump. For instance, the geothermal heat pump is considered the most efficient, and it transfers heat between you and the ground or the nearby water source. However, they cost much when it comes to installation. Their advantage is that their operational costs are low and leverage the constant temperatures of the ground; they reduce energy consumption by up to 60 %, control humidity, and are steady.

On the other hand, the air source heat pump is the most common type of heat pump, and it uses outdoor air as a heat source and a sink. They use a vapor-compression refrigeration mechanism and an external heat exchanger with a fan to cool the house in the cooling cycle. An air-to-air heat pump is a less complicated machine that delivers warm or cold air straight to indoor areas. 

An Air-to-water heat pump uses radiators or radiant floor heaters to warm an entire home and is frequently used to deliver household hot water. If properly designed, an ASHP may provide a complete heating system and a domestic source for hot water by 176 °F.