$14,000 is competitive with quotes I've seen for heatpumps. I've been quoted up to €18,000 for a small retrofit.
I would have expected the cost of heatpumps to have fallen as adoption goes up, like solar, but instead the opposite seems to have happened and they're far more expensive now than five years ago.
Labor is extremely expensive. The costs of heat pumps has fallen greatly. I put in a 12k mini split in my house last year which cost $850. (The tools to DIY cost around ~$150, but I've done 2 installs so far).
I would have expected the cost of heatpumps to have fallen as adoption goes up, like solar, but instead the opposite seems to have happened and they're far more expensive now than five years ago.
Any insights into why this is?