Ductless systems averaged around $29,000, but quotes ranged from under $20,000 to over $40,000. Ducted systems averaged $38,000, with bids spanning from under $25,000 to over $50,000—an astonishing 100% difference from low to high for both systems.
This is a non-starter for tens of millions of households. Not just the range, but the low end of the range, which approaches the cost of a new car. Lots of people will look at this, and say, "No thanks, I can get 2 or 3 window-mounted ACs at Walmart for a fraction of the price."
Four years ago when we got a heat pump/mini split the cost was at the low end of the range, but sweetened with a state loan program with 0% interest for the life of the loan. No brainer. I doubt those incentives exist in the current rate environment.
Here’s that episode if any of you are curious: https://www.heatpumped.org/p/plunder-how-private-equity-is-r...