Top 10 Heat Pumps (Air Source) for 2023: Costs, Unit Pros & Cons

This buying guide starts with a list of the best heat pumps updated for 2023 – these are air source, split system heat pumps rather than ductless mini split heat pumps.

Our price list followed by full product reviews gives you, the homeowner, the details you need to make an informed buying decision.

The guide concludes with an explanation of the differences between heat pumps and air conditioners, followed by a brief FAQ section.

The Best Air Source Heat Pumps

  1. Trane XV18
  2. Carrier Infinity 24
  3. Lennox XP25
  4. Carrier Infinity 18VS
  5. Payne 16 PH16NA
  6. Coleman HC19
  7. Trane XL18i
  8. Coleman CH6
  9. Heil Ion 16
  10. Armstrong Air 4SHP16LE

Where are Bryant, American Standard? Goodman?

Well, Bryant and Carrier are identical brands, so where you see Carrier, think Bryant too. And ditto for Trane and American Standard. The models from the identical brands are identified in the full reviews below.

Goodman? The brand has a huge market share. And it offers decent quality – about middle of the pack overall – with warranties that are above-average.

But what concerns us, and should concern homeowners, is the installation of Goodman equipment. “Anyone” with an HVAC and refrigerant license can install a Goodman.

There isn’t the same quality control as you get with the top brands on this list. And hiring an inexperienced or poor-quality contractor can lead to choosing the wrong size equipment and faulty installation. If done right – great. But the results, if mistakes are made, are poor efficiency, performance, and reliability.

Comparison of Complete Installation Costs

These are installed prices. Unit size for most is 2 tons to 5 tons; the equivalent in BTUs is 24,000 to 60,000. A few of the models are available in a 1.5-ton, 18,000 BTU size.

The full package: These heat pumps are sold in a package that includes the equipment and installation labor.

Equipment includes the condensing unit, or outdoor unit, indoor coil installed in an air handler (typical) or furnace (dual fuel), refrigerant and all installation supplies. A pad for the condensing unit is an option.

Here is the heat pump price list. We’ve broken it down by the heat pump-only, if that’s all you’re replacing, and the Full System if you’re buying the heat pump and an air handler.

Model Heat Pump Only Full System Performance
Trane XV18 $7,500 – $12,500 $13,500 – $18,250 Variable
Carrier Infinity 24 $7,900 – $12,750 $13,750 – $18,500 Variable
Lennox XP25 $7,950 – $13,500 $13,900 – $18,900 Variable
Carrier Infinity 18VS $7,000 – $11,950 $12,950 – $17,500 5-stage
Payne 16 $5,900 – $10,750 $11,850 – $16,750 2-stage
Coleman HC19 $6,150 – $11,500 $12,400 – $17,550 2-stage
Trane LX18i $6,500 – $11,750 $12,400 – $17,500 2-stage
Coleman CH6 $5,700 – $10,500 $11,550 – $16,500 1-stage
Heil Ion 16 $5,850 – $11,000 $11,700 – $17,000 1-stage
Armstrong Air 4SHP16LE $6,100 – $11,500 $11,800 – $17,250 1-stage

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Payne Gas Furnace Reviews: Cost, Pros & Cons, Buying Guide

Payne gas furnaces are considered among the most reliable in the industry. Details below.

Did you know? Payne gas furnaces are identical to Carrier furnaces – Payne is a Carrier company. And Carrier quality is excellent too, which accounts for Payne’s proven reliability.

*But… Payne doesn’t offer as many models as Carrier. However, there is an identical Carrier counterpart to every Payne model. Make sense?

What’s missing? Payne does not offer a variable capacity furnace and has fewer single stage and two stage units too.

Apart from two low-NOx units sold only in California, you have five models to consider. Here are Payne furnace reviews for each model.

Payne furnace FAQs are sprinkled throughout this guide.

Cost of Payne Furnaces

Right off the bat, furnace size is a major cost factor when considering the range of possible prices.

Furnace replacement often costs less than installation in new construction. This is because when replacing a furnace, it is usually possible to use an existing gas line, electrical circuit and wiring plus the exhaust vent.

Model Efficiency Fully Installed Cost
96 PG96VTA 2-stage 96% $5,800 – $9,150
95 PG95ESA 1-stage 96% $5,375 – $8,625
92 PG92ESA 1-stage 92.10% $4,650 – $7,500
80 PG80VTL 2-stage 80% $4,850 – $7,725
80 PG80ESA 1-stage 80% $4,385 – $6,925
Ultra-low NOx
95 PG95ESUA 1-stage 95% $5,750 – $9,100
80 PG80ESUA 1-stage 80% $4,785 – $7,495

Installation includes:

  • Removal of old equipment (optional)
  • Installation of gas line, wiring and circuit, ventilation (new construction)
  • Setting the furnace, and attaching it to ductwork and the return and supply connections
  • New ductwork transitions (optional)
  • New thermostat (optional)
  • Adjusting the blower speed to fine-tune the system for your specific application.
  • Placement and connection of a new or existing AC coil (coil not included)
  • Starting and testing the furnace

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Mitsubishi Mini-Split Systems: Costs, Top Units, Pros & Cons, ROI

Mitsubishi mini split systems are available in single-zone and multizone configurations of up to 8 zones.

In quality and performance, Mitsubishi mini split heat pumps and air conditioners are considered good to premium, comparable to Fujitsu, LG, and Daikin.

The Mitsubishi Hyper-heating H2i and H2i Plus options provide full-capacity heating in subzero temperatures, ideal for northern climates.

Mitsubishi mini split cost begins at around $4,900 for a small single zone system installed. Common systems for 2-4 zones run $7,500 to $11,000 installed. The largest Mitsubishi ductless systems exceed $25,000 when professionally installed.

*And yes, all Mitsubishi systems must be installed by a pro because they need a refrigerant charge, something only a certified installer can do by law.

Let’s get into the details including costs, pros and cons, available systems and options.

Meet METUS

Who? METUS stands for Mitsubishi Electric Trane United States.

Mitsubishi ductless systems are produced through a joint venture with Trane Technologies. The 50/50 partnership was established in 2018 to produce ductless systems for both brands. They also make VRF (variable refrigerant flow) systems for commercial buildings.

So, it’s easy to compare Mitsubishi to Trane mini split systems: They are identical in all but the logo.

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