Lennox Heat Pump Prices Guide 2021

Choosing the right heat pump for your home can be a headache. Especially once you realize that many top brands don’t publish cost comparison charts. Which makes choosing even more difficult, since a heat pump’s price is most often just as important as its efficiency, longevity, and reliability.

This article reviews Lennox heat pump features and prices to help homeowners determine which Lennox model could fit their wants and needs. Continue reading for a detailed overview (with an easy-to-use chart) on Lennox heat pumps’ features and pricing.

Lennox Heat Pumps vs. Other Brands

Lennox is among the top three brands in the industry, alongside Trane and Carrier. Out of the three, Lennox usually costs 4 to 5% less when comparing equal models. 

Lennox and Carrier are tied for the lead in energy efficiency, as both brands offer models rated up to 24 SEER and 11.8 HSPF. Trane falls behind in terms of energy efficiency, with model ratings up to 20 HSPF and 10 SEER. 

Additionally, Lennox replacement parts can be challenging to find, while Carrier’s are generally easily accessible and widely available, and Trane’s are usually easy to find but can be costly. 

However, all three brands are industry-leading and for good reasons. But whichever brand you choose, finding the appropriate heat pump comes down to the homeowner’s situation: the size of their home, their local climate, and their budget.

How Much Does A Lennox Heat Pump Cost?

The cost of a Lennox heat pump is dependent on multiple factors, including the heat pump size, HVAC contractor, installation difficulty, and so on. Most top brands offer each heat pump model in various sizes, usually expressed in tons (tonnage) and BTUs (British Thermal Units). 

Once you determine the heat pump size you need for your home, you can sift through heat pump models and determine which efficiency ratings and specifications you would want. 

Lennox has no shortage of options and offers ten different models in numerous sizes to suit various sized homes, budgets, and climate zones. 

For the most part, the price of a heat pump coincides with its efficiency ratings: as the ratings rise, the cost does too. Lennox splits its heat pumps into three tiers.

  1. Merit Series
  2. Elite Series
  3. Signature Series

Their Merit Series heat pump lineup consists of their entry-level models. These models have surprisingly good ratings for a base-level lineup, with ratings up to 17 SEER and 9.8 HSPF. 

The Elite Series consists of Lennox’s mid-tier models. These units boast ratings of up to 20 SEER and 10 HSPF. Cost-wise, these models are middle-of-the-road. 

Lennox’s Signature Series consists of its top-tier models. These units have ratings of up to 24 SEER and 11.8 HSPF. The Signature Series models are Lennox’s most expensive heat pumps. 

Lennox Heat Pump Price Chart

The cost-comparison table below is based on a Lennox heat pump with a 36,000 BTU (3-ton) capacity, a programmable thermostat, a 1,300 to 1,500 CFM blower (air handler) with no unique add-ons.

Lennox Heat Pump ModelSystem OnlySystem Installed
Lennox XP25$5,650 $14,160
Lennox XP21$4,810 $11,340
Lennox XP20$4,460 $9,840
Lennox EL18XPV$3,670 $9,610
Lennox EL16XP1$3,200 $8,910
Lennox EL15XP1$3,200 $8,900
Lennox 16HPX$3,100 $8,800
Lennox ML16XP1$2,900 $7,300
Lennox ML14XP1$2,610 $6,800

As you can see, the Lennox XP14 heat pump price is noticeably lower than their top models, but its efficiency ratings are also lower. However, choosing the appropriate heat pump involves more than just considering your budget alone.

What Size Of Heat Pump Do I Need?

Knowing the appropriate heat pump size is imperative in your search for a new or replacement unit. If you are replacing your unit, you may be able to base its replacement on the original unit’s size. 

However, if you’re starting fresh (like a newly built home), you (or an HVAC technician) need to calculate the right heat pump size for your home.

There are two primary components to consider in figuring the appropriate size of a heat pump. First, you need to take into account your local climate. If you live in a warm or hot environment, you should choose a heat pump with high SEER ratings. 

On the other hand, if your local climate is usually cold, you would be best off with a heat pump that has high HSPF ratings. For moderate temperatures, moderate SEER and HSPF ratings would usually be fine.

Secondly, you need to know your home’s square footage of living space. As a general rule of thumb, you need about 30 BTU of heating output per square foot of living space. So, if your home has 2,000 square feet of living space, you need a 60,000 BTU (5-ton) heat pump. 

Once you determine the size and efficiency of the heat pump you need, you can proceed with your search to find the ideal heat pump for your home. 

Lennox Heat Pump Pricing Based On Size

While a 3-ton heat pump may be perfect for certain-sized homes, it won’t cut it for every house. For ease of use, the chart above only addressed a single, mid-sized heat pump model. 

However, you may need a different-sized heat pump for your home, especially if you live in a smaller or larger home. 

Although the lists below won’t address each individual model, they can lend a general average price point to expect. The cost is for the model itself, not including installation. 

SizeSignature Series– XP21Elite Series– XP16Merit Series– 14HPX
2 ton$2,649 $1,689 $1,389
3 ton$2,969 $1,989 $1,529
4 ton$3,289 $2,219 $1,679
5 ton$3,669 $2,359 $1,789

Factors That Drive Installation Costs

Heat pump installation often costs more than the unit itself. The reason for this stems from several influencing factors, including the local market, your HVAC contractor, the condition of your home, your climate, and so on. 

Depending on the type of system you choose to have installed, the price may rise even more. 

For example, during heat pump installation, the condition of your home can make the process difficult. If the existing ductwork is in poor condition, the process becomes much more complex, thus driving up the overall price. 

Other home-related aspects that could affect the overall cost include:

  • Amount and quality of insulation, weather stripping, and caulk
  • Size, number, placement, and quality of windows
  • Location and climate
  • Overall condition of the home’s construction and access to the installation area

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