Myrtle Beach, SC Heat Pump Leasing & Installation
In this guide
01
Benefits of Palmetto Heat Pumps
Say goodbye to clunky old systems and surprise repairs. Palmetto Comfort Plan gives you a brand-new heat pump, installation, and full support, all wrapped into one subscription.
Year Round Comfort
A high-efficiency heat pump keeps your home cool in summer, warm in winter, and your energy use in check all year long.
Forget the maintenance
With a Comfort Plan subscription, installation and maintenance are fully covered, no surprise bills, no weekend DIY.
Rewards for renewing
Stick with us and earn credits toward your next system upgrade. It’s our way of saying thanks for building a cleaner, comfier future with us.
02
Myrtle Beach, SC Heat Pump Load Calculator
Use this square-foot calculator to estimate your home’s heating and cooling needs. It uses ACCA-standard design conditions for Myrtle Beach, SC: 72°F indoors, 97°F outdoors for cooling, and 24°F for heating. For an official Manual J load calculation and quote, get in touch with Palmetto’s team. Get in touch with our team for an official quote.
Step 1 of 3
Home location & size
Your home’s location and size directly impact heating needs.
Step 2 of 3
Home attributes
Step 3 of 3
Additional details
Description of what this means for context.
Estimated Heating Needs
Your home’s location falls within the a climate zone with the average extreme winter falling between 10° – 15° F.
Home Details
Recommended equipment capacity
60,000 BTU
5 Tons
Calculated Cooling Mode
102,000 BTU
8.5 Tons
03
Buy it or finance it. Your comfort, your call
There's no wrong way to get cozy. Here's how the options stack up, so you can choose what works best for you.
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Cash |
Loan |
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|---|---|---|---|
| Payment schedule | $0 upfront, then monthly subscription | Full price upfront | $0 upfront, then monthly payment |
| Term length | 10 or 12 years | None | Variable |
| End of term options | Flexible with 25% renewal term credits to new system | No credits to new system | No credits to new system |
| Maintenance included | |||
| Eligible for incentives |
Cash
Loan
Local Incentives
Myrtle Beach, SC Heat Pump Rebates & Incentives
Local and federal incentive programs can significantly reduce the cost of a new heat pump system. Here are the programs available to Myrtle Beach homeowners.
Santee Cooper Heat Pump Rebate
Up to $700Santee Cooper offers rebates for qualifying high-efficiency heat pumps, including standard, mini-split, hybrid, and geothermal systems. Rebate amounts vary by equipment type and efficiency.
Qualifying Santee Cooper electric customers in the Myrtle Beach area may be eligible for heat pump rebates of up to $700, depending on equipment type and efficiency; South Carolina’s HOMES and HEAR rebates are not currently available. Federal homeowner heat pump tax credits ended December 31, 2025. Palmetto can help homeowners identify applicable utility incentives and navigate applications to maximize available rebates.
Incentive information is based on publicly available data as of 2026 and may change. Contact program administrators to verify current availability and eligibility requirements.
04
Climate Zones
Myrtle Beach is in USDA Hardiness Zone 9, with mild winters that can bring chilly spells and hot, humid summers. At a design heating temperature of 24°F and a design cooling temperature of 97°F, a heat pump must cover cold snaps and peak summer heat. Palmetto understands Myrtle Beach's climate and can guide system sizing and selection. Explore other climate zones below or enter your ZIP code to confirm your zone.
Climate Zone 1
Climate zone 1 is not typically seen within the United States outside of Alaska. It represents the coldest climates on the planet.
Climate Zone 1A
Avg. extreme winters: -60° to -55° F
Climate Zone 1B
Avg. extreme winters: -55° to -50° F
Myrtle Beach Electricity Prices
Electricity rates matter when your Myrtle Beach home needs heating and cooling.
South Carolina’s average electricity price rose from 12.9 cents per kWh in 2021 to 14.1 cents in 2024, though it remained below the national average shown here.
A heat pump can help each kilowatt-hour go further: it’s 2–3 times more efficient than traditional HVAC, delivering more heating or cooling with less electricity.
Over time, using less electricity for comfort can help limit exposure to rate increases and support more predictable energy costs. Actual bills depend on rates, usage, and system performance.
Price of Energy: South Carolina vs National Average
Myrtle Beach Area Utility Providers
For Myrtle Beach homeowners served by Santee Cooper, 2023 electricity cost 11.4¢ per kilowatt-hour. That’s below South Carolina’s 13.70¢ state average and the 16.0¢ national average. 2024 utility data is not yet available.
Electricity prices can reflect a utility’s power sources, infrastructure and operating costs, along with its rate-setting choices. These factors help explain why Santee Cooper’s 2023 price differs from state and national averages; actual bills also depend on household use.
An efficient heat pump can provide more heating or cooling per unit of electricity than many traditional HVAC systems. That efficiency can help reduce total energy spending, even in areas where electricity prices are higher.
Myrtle Beach Utilities Electricity Rates
Let our smart tools do the heavy lifting.
Get personalized tips, usage insights, project tracking, and that daily satisfaction of making your energy work smarter with the Palmetto mobile app.
- Rewards for smarter energy usage
- Energy insights & Dashboard
- Personalized Savings Tools
- Whole Home Energy Management
- Support Whenever You Need It
Repair versus replace
When a heat pump is in need of repair it is worth considering whether a replacement would be a better investment. While each case is unique, we generally recommend investing in a new unit when repairs exceed $5,000.
A heat pump's lifetime is impacted by a number of factors including environment, use and the quality of the unit. It's important to choose the right unit for your climate zone and home's unique attributes.
When you are in need of repair, we recommend choosing a service provider that is an expert in the heat pump brand you have installed, and checking online reviews to ensure you are investing in the right level of service.
| Potential repair | Cost range | Description |
|---|---|---|
| Capacitor Replacement | $150 - $400 | Common issue when unit struggles to start or makes a humming noise. Capacitors store the electrical energy needed to start the compressor and fan motors. |
| Refrigerant Recharge | $250 - $750 | Needed when the system loses cooling or heating efficiency due to low refrigerant levels. Includes leak detection, repair of minor leaks, and recharging the system to the manufacturer-specified level. |
| Reversing Valve Replacement | $450 - $900 | Required when the unit cannot switch between heating and cooling modes. The reversing valve directs refrigerant flow and is unique to heat pump systems. |
| Compressor Replacement | $1,500 - $3,000 | Major repair needed when the unit fails to heat or cool entirely. The compressor is the heart of the system, circulating refrigerant between the indoor and outdoor coils. |
| Evaporator/Condenser Coil Replacement | $1,200 - $2,800 | Replacement needed when coils develop leaks or corrosion that cannot be economically repaired. Coil damage reduces heat transfer efficiency and can cause refrigerant loss. |
| Control Board Replacement | $500 - $1,200 | Required when the system has electrical failures or erratic behavior. The control board manages all system operations including defrost cycles, fan speeds, and compressor staging. |
| Full System Replacement | $4,500 - $8,000+ | When repairs exceed the value of the unit or multiple major components fail simultaneously. Includes removal of the old system and installation of a new heat pump with updated refrigerant lines and electrical connections. |
Frequently Asked Questions
Yes—heat pumps can make sense in Myrtle Beach: they provide heating and cooling, and mild winters allow efficient operation for much of the year. Myrtle Beach is in Climate Zone 9, with design temperatures of 24°F for heating and 97°F for cooling. Proper sizing helps maintain comfort during temperature extremes.
At South Carolina’s current electricity price of 14.1¢ per kWh, operating costs depend on your home, equipment efficiency, and use. Palmetto offers a Comfort Plan with $0 upfront, predictable monthly payments, and maintenance and repairs for the plan’s life, or direct purchase with outright ownership. Buyers may qualify for state or utility rebates where available.
Heat pumps are generally efficient in Myrtle Beach because winters are relatively mild, so they can move heat indoors without relying heavily on electric resistance heating. Local design temperatures are about 24°F for heating and 97°F for cooling; a properly sized system can provide year-round comfort at these conditions.
At South Carolina’s stated electricity price of 14.1¢ per kWh, actual bills depend on equipment efficiency, home insulation, and thermostat settings. Palmetto offers a Comfort Plan with no upfront cost and maintenance and repairs included for the plan’s duration, or direct purchase, which gives you ownership and may qualify for state or utility rebates where available.
In Myrtle Beach, leasing through Palmetto’s Comfort Plan may suit homeowners who want no upfront cost, a predictable monthly payment, and maintenance, repairs, and warranty coverage included. Buying is better for those who prefer to own the heat pump outright and can pay upfront; state or utility rebates may be available.
Myrtle Beach is in Climate Zone 9, with design temperatures of 24°F for heating and 97°F for cooling, so ask an installer to size equipment for local conditions. South Carolina electricity averages 14.1¢ per kWh. For a system installed in 2026, federal heat pump tax credits are no longer available; compare total costs and included service before deciding.
Heat pump installation in Myrtle Beach has no single set price: the total depends on home size, equipment capacity and efficiency, ductwork, and installation needs. The area’s Climate Zone 9 design temperatures—24°F for heating and 97°F for cooling—help determine sizing. South Carolina electricity averages 14.1¢ per kWh, affecting operating costs, not the upfront quote.
Palmetto offers a Comfort Plan with $0 upfront, predictable monthly payments, warranty coverage, and maintenance and repairs included for the plan’s life. Direct purchase requires a one-time payment and gives you ownership; state or utility rebates may be available. No federal heat pump tax credit applies to systems installed in 2026.
A heat pump can be financially worthwhile in Myrtle Beach when its installation cost and operating savings compare favorably with your current system. South Carolina electricity averages 14.1¢ per kWh, and the local Climate Zone 9 has a 24°F design heating temperature and 97°F design cooling temperature; actual savings depend on your home, rates, and equipment.
Your upfront choice also affects the math: Palmetto’s Comfort Plan has no upfront cost and includes a predictable monthly payment, maintenance and repairs for the plan term, and warranty coverage. Direct purchase costs more upfront but gives you ownership and may qualify for active state or utility rebates. No federal heat pump tax credit is available for systems installed in 2026.
Palmetto offers heat pump installation for homeowners in Myrtle Beach, SC, with two ways to get a system: its Comfort Plan or a direct purchase. A heat pump installer evaluates your home and installs equipment suited to its needs. Contact Palmetto to confirm service availability and installation details for your address.
Myrtle Beach is in Climate Zone 9, with design temperatures of 24°F for heating and 97°F for cooling, so proper system sizing matters. The Comfort Plan has $0 upfront cost and includes maintenance and repairs. With a direct purchase, you own the system and may qualify for available state or utility rebates. South Carolina electricity costs 14.1¢ per kWh.
HVAC stands for heating, ventilation, and air conditioning—the overall systems that keep a home comfortable. A heat pump is one type of HVAC equipment. Unlike a furnace paired with an air conditioner, it moves heat between indoors and outdoors, reversing direction to heat or cool your home.
For Myrtle Beach homes in Climate Zone 9, systems are designed around a 24°F heating temperature and 97°F cooling temperature, so a properly sized heat pump can provide year-round comfort. Palmetto offers installation through a Comfort Plan lease or direct purchase; compare the payment, ownership, maintenance, and repair terms that fit your needs.