Learn about actual and potential costs
How much should I pay for Heat Pumps?
What is the average price of Heat Pumps?
This procurement report includes pricing information to help you purchase Heat Pumps. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Heat Pumps been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Heat Pumps yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Heat Pumps?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Heat Pumps with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase Heat Pumps?
The heat pump market has a moderate level of market share concentration, with the top four suppliers accounting for an estimated 35.0% of market revenue. ProcurementIQ estimates that there are 4,140 heat pump suppliers operating in the United States, and growing demand for this market's products will facilitate a greater... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do input price fluctuations affect buyers?
How do increases in the price of steel and aluminum affect your pricing?
Do you have contracts with multiple raw material suppliers or manufacturers?
What are the criteria for picking manufacturers and suppliers you partner with? How do their changes impact my price?
Financing & Rebates
Do you offer financing programs?
What is the cost of financing? What will my monthly payments look like?
How long is the financing period?
Do you offer energy star-rated heat pumps that qualify for rebates?
How do I obtain the rebate? Do you collect it, or do I? Is the rebate included in the price?
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Key elements for every RFP
What should my Heat Pumps RFP include?
Buyers should explicitly state their budget, both for the purchase of heat pumps and for related products and services, such as installation.
Buyers should explain when and how many payments will be made.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for each heat pump.
Buyers should evaluate the experience of the supplier.
Buyers should make sure the provider offers appropriate types of heat pumps.
Buyers should evaluate suppliers based on the estimated costs of the heat pumps they are offering.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date proposals are due and when award information will be available.
Buyers should specify the date they expect all units to be installed.
Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the Heat Pumps supply chain?
Supply chain risk is moderate in the heat pump market. Although supply chain risk is unlikely to affect the supply of heat pump components or raw materials, it may have an impact on the price buyers ultimately pay for the product. For example, tariffs on imported steel, aluminum and various... Subscribe to learn more.