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The primary differences between a heat pump and a boiler are their function and how they produce heat. A heat pump is a versatile system that provides both heating and cooling by moving ambient air and altering its temperature. In contrast, a boiler is solely a heating system, often working with a furnace or AC unit as part of a larger HVAC system. In terms of heat production, a heat pump generates heat more slowly and at a lower temperature, requiring a large convector for distribution. A boiler, however, produces a large amount of high-temperature heat that it emits through smaller radiators.

A furnace takes in cool air, heats it through the burner and heat exchanger, and sends the air on its way to warm your home. A boiler is a pressurized vessel that produces hot water or steam to heat the home and provide hot water. A boiler may or may not work together with a furnace.

No, boilers and water heaters are not interchangeable because they serve different primary functions. Boilers are used for central heating systems, providing hot water or steam to heat your home. In contrast, a water heater's purpose is to supply hot water for daily household use, such as for faucets and showers. A water heater alone cannot supply the warm water or steam needed for a central heating system.

While they are not interchangeable, it is common to have both a boiler and a water heater. In fact, a conventional boiler often works best when a water heater system is already in place. The two systems can be combined to provide both heating and hot water, either by pairing a boiler with an indirect water heater or by installing a premade combination boiler-water heater unit. For home heating, some homeowners may also opt for a furnace instead of a boiler.

The average cost to replace or install a new HVAC system is around $7,500. However, the price can range from $5,000 to $12,500, depending on factors like the size of your home, the type and brand of the unit, and your specific heating and cooling needs. If you only need to replace certain components, the cost will be lower; for example, a new AC unit can cost between $2,200 and $5,500, while a new furnace costs $3,200 to $6,000. If additional work like new ductwork is required, the total cost could be as high as $22,000. It's best to contact a local HVAC company for an accurate quote.