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Denver Heat Pump Installation
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Why heat pump quotes differ

Two quotes thousands of dollars apart are usually for two different jobs. Here's how to compare them.

Updated October 8, 2026
A Carrier two-fan heat pump outdoor unit on a stand beside a stucco wall below a window
A two-fan Carrier heat pump on a stand beside a stucco wall.
Typical prices with and without a new furnace
  • Heat pump with a new furnace (dual fuel)$14.8k–$18.2kout of pocket, $21k–$28k full price
  • Ducted heat pump$15.3k–$19kout of pocket, $21k–$28k full price

Out of pocket: what most Xcel gas customers in the Denver metro pay after rebates.

Make sure it's the same job

Most of the gap between two quotes comes from scope. One quote replaces the furnace and adds a heat pump. Another keeps the furnace and swaps the AC for a heat pump. The chart above shows typical prices for dual fuel and for a ducted heat pump.

Compare the equipment

A good quote lists model numbers for the outdoor unit, the indoor coil or air handler, the furnace if there is one, and the thermostat. The brand name alone tells you little. A Bosch IDS Ultra and an entry-level single-stage heat pump can look alike and run very differently.

Check that the outdoor unit and coil are a matched pair. The AHRI certificate number shows that, and many rebates require it.

Compare the work

These items often differ from one quote to the next:

  • A new line set, or reusing the old one
  • Pad, riser stand or wall brackets
  • Electrical circuit, disconnect and any panel work
  • Condensate drain and pump
  • Return air or duct changes
  • Permit and inspection
  • Hauling away the old equipment

If one quote lists an item and the other doesn't mention it, ask for it in writing.

Compare the rebates

Compare prices before rebates first. Then check which programs each company applied, and whether the discount comes off the invoice or gets paid to you later. Current programs are on unicolorado.com/rebates.

Get a second price

Upload your quotes with a few photos through the online estimate, and we'll price the same scope.

Common questions

Can you check a quote from another company?

Yes. Upload the PDF with your photos and we'll price the same job for your house.

Sources and further reading

Sources

  1. ENERGY STAR, heat pump selection and installation
  2. ENERGY STAR, sizing and dual fuel systems
  3. UniColorado, dual fuel and all-electric systems