Davenport, FL Heat Pump Leasing & Installation
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.
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.
Home location & size
Your home’s location and size directly impact heating needs.
- ZIP Code
- Number of residents
- Home Square Footage (sq ft)
- Home Ceiling Height (ft)
Home attributes
- Amount of sunlight: Low / Moderate / High
- Insulation: Poor Insulation / Standard Insulation / Good Insulation / Excellent Insulation
- Number of Windows
- Window and Door Seals: Poor fit & Seal / Typical fit & Seal / Good fit & Seal
Additional details
- Do you have a kitchen? Yes / No
- Do you have any glassed-in rooms? Yes / No
- Extra Device Wattage (W)
Estimated Heating Needs
Your home’s location falls within 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
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.
| Comfort Plan | Cash | Loan | |
|---|---|---|---|
| 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 | Yes | No | No |
| Eligible for incentives | Yes | No | No |
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.
Federal IRA Tax Credit
Up to $2,000
The Inflation Reduction Act provides a federal tax credit of up to $2,000 for qualifying heat pump installations through 2032.
Eligibility: Available to homeowners who purchase and install a qualifying heat pump system. Claimed on your annual federal tax return.
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.
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.
Climate Zone 10
Warm climate zone with mild winters and very hot summers.
Climate Zone 10A
Avg. extreme winters: 30° to 35° F
Climate Zone 10B
Avg. extreme winters: 35° to 40° 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.
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.
Price of Energy: Florida vs National Average
- 11.9¢ (2021)
- 13.7¢ (2022)
- 15.0¢ (2023)
- 15.2¢ (2024)
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).
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.
Davenport Utilities Electricity Rates
- Duke Energy: 18.10¢
- FPL: 15.00¢
- TECO: 16.60¢
- WREC: 12.30¢
Palmetto Reviews
The overall process was very easy. The specific payment plan offered was a tremendous help. I would recommend for convenience and service.
Palmetto Customer - VA
Everything about my experience was excellent. The process took less time than expected; the technicians were friendly and professional.
Palmetto Customer - MD
We have already told friends about how well we were treated. Your service met our needs and everything was done easily and promptly.
Palmetto Customer - SC
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
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.
Potential repair costs
| Potential Repair | Cost Range | Description |
|---|---|---|
| Capacitor Replacement | $150 - $400 | Common issue when unit struggles to start or makes a humming noise. |
| Refrigerant Recharge | $250 - $750 | Needed when the system loses cooling or heating efficiency. |
| Reversing Valve Replacement | $450 - $900 | Required when the unit cannot switch between heating and cooling modes. |
| Compressor Replacement | $1,500 - $3,000 | Major repair needed when the unit fails to heat or cool entirely. |
| Evaporator/Condenser Coil Replacement | $1,200 - $2,800 | Needed when coils develop leaks or corrosion that cannot be economically repaired. |
| Control Board Replacement | $500 - $1,200 | Required when the system has electrical failures or erratic behavior. |
| Full System Replacement | $4,500 - $8,000+ | When repairs exceed the value of the unit or multiple major components fail simultaneously. |
Frequently Asked Questions
Do heat pumps make sense in Davenport?
Yes, heat pumps make excellent sense in Davenport.
How efficient are heat pumps in Davenport's climate?
Heat pumps are exceptionally efficient in Davenport's Climate Zone 10.
Should I lease or buy a heat pump in Davenport?
The choice depends on your financial priorities and preferences.
How much does a heat pump cost in Davenport?
Costs typically range from $5,000 to $15,000 for a complete installation.
Is a heat pump worth it financially?
Heat pumps are financially advantageous because they use significantly less electricity than traditional heating and cooling systems.
Who installs heat pumps in Davenport?
Heat pumps are installed by licensed HVAC contractors who specialize in heating and cooling systems.
What is the difference between a heat pump and HVAC?
HVAC is an umbrella term that describes any system that controls your home's temperature and air quality.