If one is replacing a "conventional" ducted forced-air gas furnace combined with an outdoor AC condenser (inside coil) with a single heat pump system, is that cost-effective? My 5 ton AC, 97k BTU furnace and coil cost $17k to replace. I'm guessing a 5 ton heat pump would be around $15K? That is about $5k for the unit and $10k for other bits and installation. Thoughts?
Right now that depends on quite a lot of factors -
-How old is your system? Does it
need to be replaced soon?
-What kind of climate do you live in? Do you frequently experience temperatures well below 0F in the winter?
-How big is your conditioned space? How well insulated is it?
-What's the cost of natural gas where you are? Electric?
-Can you, but more importantly your family, tolerate air that's not scorching hot out of the vents?
-Do you qualify for any Federal or State tax credits?
-How climate minded are you? Do you accept higher costs for more climate friendly options?
If I threw a dart at a map that included all the places where you might live, I'd guess (especially based on the size of your conditioned space if you need a 5-Ton condenser) that unless your system is >20 years old, you're not going to be saving money anytime soon, at least if your current system could be repaired (and assuming that repair lasts a few years).
Given that, at least for the time being, NG is much cheaper than electric it's likely that your utility costs would be higher with an all-electric system. You'd certainly see improvements in the summer but the winter would be costlier.