McKinney, TX 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.
McKinney, TX Heat Pump Load Calculator
Use this calculator to estimate your home’s heating and cooling needs based on square footage. It uses ACCA-standard design conditions for McKinney, TX: 72°F indoor, 95°F outdoor for cooling, and 33°F for heating. 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 | Standard | Good | Excellent
- 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.
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 |
Local Incentives
McKinney, TX 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 McKinney homeowners.
Oncor Heat Pump Rebate
Up to $600
Oncor Electric Delivery offers rebates for qualifying high-efficiency heat pump installations in North Texas, including McKinney. Rebate amounts vary based on SEER2 efficiency ratings and energy savings calculations.
Eligibility: Homeowners and renters in Oncor service area (McKinney, Plano, Frisco, Allen). Must install a smart thermostat (US DOE-listed). Equipment must meet current SEER2, EER2, and HSPF2 standards. Rebates paid to approved contractors who pass savings to customers.
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.
McKinney homeowners can access the Oncor utility rebate (up to $600) for qualifying heat pump installations, which can be combined with the federal IRA tax credit (up to $2,000) for total savings of up to $2,600.
Climate Zones
McKinney sits in IECC Climate Zone 10, which means mild winters with design temperatures around 33°F and hot summers reaching 95°F. This mix of moderate heating needs and significant cooling demand makes proper heat pump sizing essential for year-round comfort and efficiency.
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
McKinney Electricity Prices
Understanding electricity costs in McKinney helps you make smarter decisions about heating and cooling your home for years to come.
Texas electricity rates have climbed 23% since 2021, rising from 12.1 to 14.9 cents per kWh.
Price of Energy: Texas vs National Average
McKinney Area Utility Providers
McKinney residents primarily receive electricity from Denton County Electric Cooperative (DCEC). According to 2023 data, DCEC's average rate was 12.8¢ per kWh—below both the Texas average of 14.50¢ and the national average of 16.0¢.
McKinney Utilities Electricity Rates
| Provider | Rate (per kWh) |
|---|---|
| Denton County Electric Cooperative | 12.80¢ |
| TX Average | 14.50¢ |
| US Average | 16.0¢ |
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 | 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. |
| 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 | Replacement 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 McKinney?
Yes, heat pumps make excellent sense in McKinney.
How efficient are heat pumps in McKinney's climate?
Heat pumps are highly efficient in McKinney's climate.
Should I lease or buy a heat pump in McKinney?
The choice between leasing and buying a heat pump in McKinney depends on your financial priorities and homeownership plans.
How much does a heat pump cost in McKinney?
Heat pump costs in McKinney typically range from $5,000 to $15,000 for a complete installation.
Is a heat pump worth it financially?
Yes, heat pumps are financially worth it for most McKinney homeowners.
Who installs heat pumps in McKinney?
Heat pumps in McKinney 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 stands for Heating, Ventilation, and Air Conditioning—it describes any system that controls your home's temperature and air quality. A heat pump is a specific type of HVAC system.