Davenport, FL 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
Davenport, FL Heat Pump Load Calculator
Use our calculator below to estimate your home’s heating and cooling needs based on Davenport’s ACCA-standard design conditions: 95°F cooling and 33°F heating temperatures, with a 72°F indoor setpoint. For a precise Manual J load calculation and personalized quote, connect 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
Heat Pump Financing in Davenport
While Florida's state-level HOMES and HEAR rebate programs are still in development and have not yet launched in 2026, homeowners in Davenport can take advantage of the federal IRA tax credit of up to $2,000 for qualifying heat pump installations. Duke Energy may also offer utility-based rebates; contact them directly to confirm current availability and amounts. Palmetto's Comfort Plan lease offers an alternative with $0 upfront cost, allowing homeowners to access heat pump benefits without waiting for rebate programs to launch.
Federal IRA Tax Credit
Up to $2,000The Inflation Reduction Act provides a federal tax credit of up to $2,000 for qualifying heat pump installations through 2032.
Palmetto Comfort Plan: $0 Upfront Heat Pump Leasing
Even without local rebates, Palmetto's Comfort Plan makes upgrading easy. You get a high-efficiency heat pump installed with $0 upfront cost, predictable monthly payments, and all maintenance and repairs included for the life of the plan.
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
Davenport sits in IECC Climate Zone 10, which means mild winters with lows around 33°F and hot, humid summers reaching 95°F. This climate profile puts cooling demand front and center—your heat pump will work hardest in summer. At Palmetto, we factor in Davenport's specific conditions to recommend systems sized for efficiency and comfort year-round. Explore other zones below or enter your ZIP code to confirm yours.
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
Davenport Electricity Prices
Understanding electricity costs in Davenport helps you make smarter decisions about home heating and cooling that protect your budget for years to come.
Florida electricity rates jumped 27% from 2021 to 2023, climbing from 11.9 to 15.2 cents per kWh. While rates dipped slightly in 2024, the long-term trend shows energy costs continue rising.
Heat pumps offer a practical solution to rising electricity costs. Because they're 2-3 times more efficient than traditional HVAC systems, they use significantly less electricity to deliver the same heating and cooling comfort.
As electricity rates fluctuate, efficiency becomes your best defense. A heat pump's lower energy consumption means your monthly bills stay more manageable, even when rates climb, protecting your household budget over the system's lifespan.
Price of Energy: Florida vs National Average
Davenport Area Utility Providers
Davenport residents have access to four main electricity providers as of 2023: Duke Energy (18.1¢/kWh), TECO (16.6¢/kWh), FPL (15.0¢/kWh), and WREC (12.3¢/kWh). These rates compare to the national average of 16.0¢/kWh and Florida's average of 15.20¢/kWh.
Most local utilities fall close to or below state and national averages, with WREC offering notably lower rates. Duke Energy's slightly higher costs reflect infrastructure investments and service territory characteristics, while cooperative models like WREC often provide more competitive pricing to members.
Understanding your electricity rate matters when considering home comfort upgrades. Heat pumps use significantly less energy than traditional HVAC systems—often reducing energy consumption by 30-50%—which means lower monthly costs regardless of your provider. Even with higher electricity rates, efficient equipment reduces your overall energy spending.
Davenport 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 make excellent sense in Davenport. With Climate Zone 10's mild winters (design heating temp of 33°F) and hot summers (design cooling temp of 95°F), heat pumps efficiently handle both heating and cooling year-round. Florida's electricity rate of 14.2¢ per kWh makes their energy efficiency particularly valuable for reducing utility costs.
Palmetto makes heat pumps accessible through two options: a Comfort Plan with $0 upfront and all maintenance included, or direct purchase with potential federal tax credits up to $2,000. Either way, you'll benefit from lower energy bills and consistent comfort in Davenport's climate without the complexity of separate heating and cooling systems.
Heat pumps are exceptionally efficient in Davenport's Climate Zone 10, where mild winters (design temp: 33°F) and warm summers (design temp: 95°F) create ideal operating conditions. Modern heat pumps can deliver 2-4 times more heating or cooling energy than the electricity they consume, making them far more efficient than traditional systems in Florida's moderate climate.
With Florida's electricity rate at 14.2¢ per kWh, this efficiency translates to meaningful savings on your energy bills year-round. Palmetto makes installation accessible through two options: our Comfort Plan with $0 upfront and all maintenance included, or direct purchase with potential federal tax credits up to $2,000 under the Inflation Reduction Act.
The choice between leasing and buying a heat pump in Davenport depends on your financial priorities and preferences. Palmetto's Comfort Plan offers $0 upfront with predictable monthly payments and all maintenance included, while direct purchase means you own the equipment outright and may qualify for up to $2,000 in federal tax credits under the Inflation Reduction Act.
For Davenport homeowners, leasing eliminates surprise repair costs in Florida's demanding climate, where your heat pump works year-round in Climate Zone 10 (cooling to 95°F summers, heating during 33°F winter lows). Buying makes sense if you prefer ownership and want to maximize available rebates. Both options deliver efficient comfort while reducing energy costs at Florida's 14.2¢ per kWh electricity rate.
Heat pump costs in Davenport typically range from $5,000 to $15,000 for a complete installation, depending on your home's size, existing ductwork, and system efficiency. Factors like your home's square footage and insulation levels in Climate Zone 10 will influence the final price.
Palmetto offers two flexible options to fit your budget: a Comfort Plan with $0 upfront cost and predictable monthly payments that include all maintenance and repairs, or direct purchase where you own the equipment outright and may qualify for up to $2,000 in federal tax credits under the Inflation Reduction Act plus local rebates.
In Davenport's climate, heat pumps are financially advantageous because they use significantly less electricity than traditional heating and cooling systems. With Florida's electricity rate at 14.2¢ per kWh, a heat pump can reduce your energy bills by 30-50% compared to conventional systems, especially during mild winters when heating demands are moderate.
Palmetto makes heat pumps accessible through two options: the Comfort Plan with $0 upfront and all maintenance included, or direct purchase with potential federal tax credits up to $2,000. Most Davenport homeowners see the system pay for itself within 5-10 years through energy savings, while enjoying consistent comfort year-round in our hot summers and occasional cool nights.
Heat pumps in Davenport are installed by licensed HVAC contractors who specialize in heating and cooling systems. Palmetto partners with certified local professionals who understand Davenport's Climate Zone 10 conditions, where systems need to handle 95°F summer temperatures while maintaining efficiency during cooler months when temperatures can drop to 33°F.
Palmetto offers two installation options for Davenport homeowners: a Comfort Plan with $0 upfront cost and included maintenance, or direct purchase where you own the equipment and may qualify for up to $2,000 in federal tax credits. Both options include professional installation by experienced technicians who ensure your heat pump is properly sized and configured for Florida's climate and your home's specific needs.
HVAC is an umbrella term that stands for Heating, Ventilation, and Air Conditioning—it describes any system that controls your home's temperature and air quality. A heat pump is actually a specific type of HVAC system that both heats and cools your home by transferring heat rather than generating it, making it highly efficient in Davenport's mild winters and hot summers.
Unlike traditional HVAC systems that use separate equipment for heating (like a furnace) and cooling (an AC unit), a heat pump handles both functions in one system. This is particularly beneficial in Climate Zone 10, where Davenport's design temperatures range from 33°F to 95°F, allowing heat pumps to operate efficiently year-round while potentially lowering your energy costs at Florida's current 14.2¢ per kWh electricity rate.