Depends on what you're lookin' fer, Southern.
I've been dead against heat pumps my whole life. When they came out here in Quebec, they were prone to breakdowns quite often and replacing a compressor just before or after the 5 yr warranty period was the norm rather than the exception. Remember now, this ain't Florida. Below freezing temps are quite normal here, and back then the manufacturers were touting that their heat pumps were good to around +5F. At temps lower than this, the heat pump just doesn't have the technology to absorb whatever heat is outside so that it can release it indoors (theoretically, there is heat in the air at temps down to -460*F. Good luck getting at it, though
).
Problem was that even at temps around freezing or slightly below, these older heat pumps just weren't reliable. They'd freeze up on the outside coil quite often, defrost boards would crap out with regularity. And compressors would fry. If you were lucky, the compressor would die just before the 5 yr warranty period. Which meant that you could get another compressor free. But you'd still have to dish out for labour, refrigerant, solders, filter-drier etc..
Another thing that most homeowners don't know is that almost all manufacturers insist on the 3-way valve being replaced whenever a compressor is changed out. This valve (also known as a reversing valve) simply reverses the flow of refrigerant so that in summer, the indoor coil absorbs heat & rejects it outside thru the outdoor coil. In the winter it does the opposite. Anyways, this valve will sometimes become "leaky", which means that the two separate circuits within the valve become exposed to each other. Sorta like a leaky heart valve. Nothing leaks out, but it can still be a problem. That leak can cause the compressor to run much hotter than it's supposed to, therefore leading to premature compressor failure.
This valve is a royal PITA to replace. Just the thought of having to change one out has me crouched in the corner of a dark room, whimpering like a little girl. You've gotta hold a three-pronged oxy-acetylene torch in a certain position and carefully un-solder the old valve. That's the easy part. You then have to install the new valve in it's place, all the while being careful not to overheat the myriad of heat-sensitive Teflon O-rings within this valve. It's a nightmare.
This $600+ valve isn't usually covered by the extended warranty. The techs rarely change it because it's such a nightmare to replace, plus they're scared to incur the wrath of the homeowner who bought the darn heat pump to save money, not spend more of it.
Fast-forward to 2008. Heat pumps are more efficient than ever, and breakdowns are now a rarity. I installed a Bard heat pump package unit at my friends house in Florida this past spring. This unit was the same brand and dimensions as his old 11 SEER cool-only unit which had electric elements for heating, which made duct connections a snap. The new unit has an efficiency rating (SEER) of 13 and uses the compressor to heat. For Florida, it makes perfect sense. It's impossible for him to NOT see a decrease in electrical consumption. And even up here in Mtl, I would maybe think of going heat pump in my own home due to advanced technology in this field.
Finally, I suggest one of the Big Four. Lennox, Carrier, York or Trane. There are many other brands out there and I'm not saying they're no good. But up here, whenever one of our commercial clients has a breakdown on one of their little-known brands, getting parts is always a slower process. And some of the designs being cranked out by some of these lesser-known manufacturers....you wonder if they even tried to work on their own equipment after building it....
PS: Nice to see I can still write short stories and novels.....