Heat Pumps come in a wide range of makes, models, and efficiencies and vary considerably in price. See the payment schedule below for an approximate cost and monthly payment based on 120 months at 8% APR. The payment is added onto monthly electric statement and is itemized on statement.
Loan Amount | Monthly Payment |
$2,500 (minimum) | $30.33 |
$3,000 | $36.40 |
$3,500 | $48.53 |
$4,000 | $46.44 |
$4,500 | $54.60 |
$5,000 | $60.66 |
$5,500 | $66.73 |
$6,000 | $72.80 |
$6,500 | $78.86 |
$7,000 | $84.93 |
$7,500 | $91.00 |
$8,000 | $97.06 |
$8,500 | $103.13 |
$9,000 | $109.19 |
$9,500 | $115.26 |
$10,000 | $121.33 |
$10,500 | $127.39 |
$11,000 | $133.46 |
$11,500 | $139.53 |
$12,000 | $145.59 |
$12,500 | $151.66 |
$13,000 | $157.73 |
$13,500 | $163.79 |
$14000 (maximum on one unit) | $169.86 |
$15,000 | $181.99 |
$16,000 | $181.99 |
$17,000 | $206.26 |
$18,000 (maximum on two units) | $218.39 |