It does ! , In Halifax, Dartmouth, HRM and Atlantic Canada, a heat pump makes perfect sense due to the average installation cost of a ductless mini split being between $3000-$5000 and a ducted being between $9000 -$14000 depending on the layout of your home, age, duct work etc.

So let’s break this down.

Let’s say you have a 2400 square foot home, 25 yrs old, two levels and you are using electric heat to heat your home. In Nova Scotia your estimated heating cost would be around $2500. Let’s say the installation cost for the two heat pumps is $7500. Your annual savings with a heat pump upstairs and down stairs would range between $1490-$1820 based on the Nova Scotia Power average price of 15c/kw.

Let’s take the average of that $1585.

Let’s break that down a little further. Initial cost $7500 divided by annual savings of $1585. It would take you 4.73 years to pay of the 2 heat pumps.

By offsetting the cost of traditional electric heating, your heating costs will remain low. Combined with our 10 year warranty on our heat pumps; just sit back and continue to watch the savings

Call Colgrove Air today to schedule your free in home consultation with our professional heating and cooling experts