Heat pump/mini split quotes

[Hannah Costello]

I am getting ready to switch from oil to electric. I got two quotes for a heat pump/mini split hook up. I will only be getting 2 mini split units installed for a 600 unit apartment. The first quote came I got was for $13,000, and the second for $10,700. Both of these seem so high, but I’m not sure to expect? Is this normal pricing? Located in South Eastern PA for reference.

Also, would electric baseboards be cheaper to install? I know the mini splits are supposed to be less expensive to use, but if the tenant is paying, does the difference in monthly utility costs really make up for the difference in installment costs? Thanks for your help!