Does a New Heat Pump Increase Home Value?

Posted by Spencer | August 20, 2023 | Reading Time:

Does a new heat pump increase home value? When looking for ways to make your property more appealing, most people overlook the potential of their HVAC systems, which is a big mistake. After all, who doesn’t appreciate a toasty home in those chilly Arizona winters or a perfectly chilled living room during searing summer afternoons?

As the go-to crew for a skilled heat pump installation in Phoenix, we at Rainforest Plumbing & Air know a thing or two about their benefits. Keep reading and discover the many reasons why an energy-efficient heat pump can become a game-changer for your property value.

A Worthwhile Addition to Any Home

Recent research shows that installing a heat pump could increase your property value by 3%. Another study from the journal Nature Energy found that homes with this upgrade enjoyed an increase of $10,400 to $17,000 in offers from buyers.

A heat pump system brings a wealth of advantages that attract savvy homebuyers, such as:

Energy Efficiency

One of the key benefits that make heat pumps a tantalizing option is their efficiency. These high-tech contraptions are a marvel of modern technology, capable of transferring heat instead of generating it.

According to the Department of Energy, heat pumps can reduce electricity use by approximately 50% compared to traditional types of heating like furnaces and boilers. Even if you don’t plan on selling your home any time soon, think of the utility bill savings you’ll pocket over the years!

Eco-Friendliness

In today’s world, the concept of “going green” isn’t just a trend; it’s a lifestyle many are adopting. The National Association of Realtors reports that 50% of the people most likely to invest in cleaner energy sources are millennials — the same generation that makes up the largest share of home buyers.

Heat pumps do not burn fuel to operate, which minimizes greenhouse gas emissions significantly. What’s more, if your heat pump runs on renewable energy like solar or wind, you could run it virtually CO2 emission free. An energy-efficient home is a hot commodity in today’s market, and a heat pump installation makes a great step towards achieving that.

Longevity

Few things can put a damper on a home value like an HVAC system on its last legs. Fortunately, heat pumps are incredibly sturdy machines that last a long time, often boasting a lifespan of around 15 years. This long-term reliability can inspire confidence in potential homebuyers looking for a home that won’t saddle them with costly, unexpected HVAC repairs.

Heat pumps are also much cheaper to maintain. They use fewer moving parts that can break down, meaning fewer service calls and a lower overall cost of ownership.

Choosing the Best Heat Pump Installation

Does a new heat pump increase home value? Absolutely! However, finding the perfect one for your home requires a bit of research.

For your convenience, here’s a rundown of the most popular types of heat pumps on the market:

Air Source Systems

As the name suggests, air source heat pumps absorb heat from the air outside your home and funnel it indoors. They are the most common type of heat pump, mainly due to their affordability and straightforward installation. Despite their popularity, bear in mind that they work best in mild climates where the temperature rarely dips below freezing.

Ground Source Systems

Also known as geothermal heat pumps, these systems utilize the steady temperature of the earth below your home to provide heating, cooling, and hot water. While they might require a hefty initial investment, their efficiency and long lifespan generally make up for it.

Mini-Split Heat Pumps

Mini-splits make an excellent choice for homes without existing ductwork or homes that require a zoned heating and cooling system. You can control each unit independently, allowing for variable temperature settings across different rooms.

Phoenix Heat Pump Specialists You Can Depend On

We hope we’ve thoroughly answered your concern, “Does a new heat pump increase home value?” When you make Rainforest Plumbing & Air your long-term partner, you get:

A crew with over three decades of experience
24/7 availability
Unmatched customer service
Free, accurate estimates

Need help installing an air source heat pump or want to know how long should a heat pump run? Give us a call at (602) 362-7508 today. Let our proficient crew handle your HVAC needs, so you can kick back and enjoy the comfort of your abode — while also knowing you’ve made a sound investment that pays dividends in the future.

Author Bio:
Ike Tippetts

He founded the company and soon found himself answering phones and dispatching team members around the clock! Rainforest Plumbing & Air has come a long way since they started in 1999 as a two-truck operation.