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!

[Nathan Gesner]

Quote from @Hannah Costello:

$13,000 is a ridiculous price, but we're in a crazy market. I paid $9,000 to install four ceiling-mounted units in a 2,500 sq.ft. house. You can probably buy two units for under $2,000 and installation shouldn't be more than $2,000.

I also haven't heard good things about mini-splits used to heat a space. You may be better off installing electric baseboard and giving your tenants window A/C units that cost $300 and be done with it. Install the fancy stuff when you're wealthy.