If I spend more money on a heat pump will I save more money?
Is there less chance that the most expensive one will break down on me?
Stay tuned because by the time you’re done reading this post you’ll have the answer to both of these questions.
“You get what you pay for!”
It’s a statement we’ve all heard dozens of times before whether it be from our friends, family, parents or even a sales person.
To a certain extent the statement holds true. A $25 drill you buy at Home Depot is not going to provide the same quality or reliability as a $75 drill.
But what about comparing that to a $150 or $200 drill? Is the more expensive model twice as good as the $75 one? Is it six to eight times as good as the $25 one?
I think we know the answer is NO.
Those more expensive machines likely are a more prestigious brand, offer features the lower cost models may not provide and come with a longer warranty. But when we look at the core purpose of a drill, to create a hole in something, the more expensive one isn’t going to do that two, three or ten times better. For freak sakes it’s just a hole
Alright, alright enough talk about holes and drills. What the heck does this have to do with heat pumps?
A Wide Range of Pricing Available
A similar scenario exists in the heat pump world. You can buy a heat pump for $2,500, $3,000, $3,500 even up as a high as $4,700 dollars.
If you’ve spent some time researching heat pumps you know there are different sizes: 12,000 BTU, 15,000 BTU and 18,000 BTU’s. The larger the size from the same manufacturer, generally the more expensive, but what if we’re comparing different manufacturers and brands all of the same size.
Is the more expensive one worth all the extra money?
The answer: It depends on you and what you value.
Are you someone who always buys the more expensive model because you feel confident and secure in your purchase?
Are you someone who always buys the cheapest thing available, like the $25 drill, just because all you care about is the hole in the wood?
When we’re talking about heat pumps, yes they all provide heat and they all provide cooling, but there is a medium level of quality that I would advise ALL homeowners purchase at a minimum.
Low End is out of the Question
In terms of price that medium unit falls in at the $3,100 to $3,500 price point for a 12,000 BTU machine.
This could be an LG, Lennox or a GREE machine.
Each of these brands offer a heat pump that works well down to temperatures of -15°C and below at reasonable efficiencies.
Anything you can buy that’s below this price point is basically asking for troubles in heating mode, especially in January and February when you need the machine most.
Why Would I Buy the Most Expensive Machine?
There are a handful of reasons to buy the more expensive heat pumps from companies like Mitsubishi, Fujitsu and Daikin.
#1 You always buy best!
If you drive a BMW, Mercedes, Infiniti etc. then that’s you. You like the best and that’s that. Nothing to be ashamed of there. The quality is great, the performance is great and you have peace of mind that the machine will keep working for years to come.
#2 You like longer warranties
The three brands I mentioned above (Mitsubishi, Fujitsu and Daikin) offer the longest warranties in the heat pump industry. for both Parts and Labor. If having a long warranty boosts your confidence in purchasing a heat pump then spending the extra money is worth it.
#3 There’s a particular feature you want
The mid grade machines in the $3,000 to $3,500 range are pretty basic in terms of features. When you hop up to the high end machines there are some unique features, specifically energy savings and sensing if people are in a room or not. While these features aren’t important to everyone, if they are to you, the extra money is worth it.
#4 You want the Absolute Maximum Savings Possible
There are homeowners that just want savings, they aren’t concerned with every last penny they can save, they just want to see a lower heating cost with the heat pump than they had without it. If you do want to save as much as possible then a higher end machine will do that for you.
Now like in our drill comparison at the beginning of this article the high end machine is not going to save you two, three or four times as much as a mid grade machine. But they are more efficient and will save you an extra $15, $20 or possibly even $30 a month during the coldest winter months.
Why I Wouldn’t Spend the Extra Money on a More Expensive Machine
It’s just my opinion, but don’t buy the most expensive heat pump just because of the extra savings. Buy it for the savings plus one other of the four reasons above.
For example, spend the extra money because you want to maximize savings and also have the best warranty and reliability going.
So, which heat pump will you choose?
The first step is finding out if indeed a heat pump is right for your home. To do that we encourage you to book a 30 minute consultation with one of our Home Energy Specialists. You can do that by calling us at: (902) 701-9678 or submitting the form on the this page.
During those 30 minutes they’ll answer your questions, inspect your electrical service, determine the best location for a heat pump in your home and also inspect the outside of your home for best installation.
Afterwards they’ll send you a couple of options for a mid grade and high end heat pump system that will best suit your homes and needs.
If you have more questions you’d like answered about heat pumps then why not request a FREE copy of “The Consumers Guide to Heat Pumps in Nova Scotia“. This free guide and the accompanying video series will get your knowledge up to speed FAST on everything you need to know about ductless heat pumps.
Thanks for reading and have a fantastic day!