Understanding the Cost and ROI of a Mini Split
When determining if a ductless mini split is the right solution for your home, you must consider its cost. This guide will examine how much modern mini splits are priced and how much ROI they drive if you make this eco-friendly choice for your household or business.
How Much Will You Pay for a Ductless Mini Split System?
The cost of a ductless mini split varies depending on the factors we’ll look at momentarily.
According to Bob Villa, you’ll pay anywhere from $2,000 to $14,500 for a mini split system. The average price is $3,000.
This quote includes the cost of the mini split itself and installation prices.
The Factors That Influence the Cost of a Mini Split System
Why such a huge price discrepancy for a ductless mini split system? Let’s review the factors that drive the cost of a mini split.
· Zones: Single-zone mini splits will always cost less than three, four, or five-zone units. Choose your zones carefully when mapping out where you need mini splits.
· Output: The output of a ductless mini split system in BTUs also influences price. The higher the output, the more expensive the unit is generally overall.
· Property layout: You won’t spend as much on a mini split system if your home has a straightforward design. However, the installation team has to work harder for homes with a more challenging layout, which will increase the price.
· Location: Where you live is also a significant factor in what you’ll pay for a mini split. If costs are generally low in your area, you won’t spend as much for ductless mini split installation as someone in a more expensive state.
Does a Ductless Mini Split Deliver ROI?
Return on investment isn’t solely a sales and marketing term. It’s something the everyday consumer must concern themselves with before making a major purchase like a ductless mini split system.
Fortunately, a ductless mini split system delivers ROI in a big way.
Traditional HVAC systems like furnaces, heaters, and central air conditioners suck up a lot of energy. You might not realize it until you see your extra-high electricity bill, especially after a sweltering summer or a freezing cold winter.
The older these units get, the more their efficiency wanes, so your bills only get more expensive if your heating and cooling units are more than 10 years old.
However, it’s the opposite with a ductless mini split system. The longer you have the unit, the more pronounced electricity bill savings you’ll experience.
It’s not uncommon for our customers to save tens of thousands of dollars if they’ve had a mini split unit for 10 or 15 years. Even within the next five years, you’ll enjoy thousands of dollars in savings.
The money you’re spending on repairing your old furnace or air conditioner, or the costs you’re saving up to replace these units, could be better spent on a ductless mini split system.
Although mini splits are a moderately costly venture going forward, you’ll earn back what you spent in a matter of years. The mini split will pay for itself dozens of times over in the years to come!
