In this study, we designed a multifunctional heat pump system using just one scroll compressor and which can be run in four different modes, namely air to air, air to water, water to water and water to air, in order to make an experimental energetic and exergetic performance comparison. Experimental system consists of two condensers and two evaporators and uses R22 as working fluid. One of the evaporators and condensers uses water and the others use air as heat source/sink. Heating capacities of four heat pump types are equal to each other. It is realized by adjusting the mass flow rate and temperature level of external fluid of condenser. Results show that the heat pump unit which has the maximum COP (coefficient of performance) value is water to air type with 3.94 and followed by water to water type with 3.73, air to air type with 3.54 and air to water type with 3.40. Ranking of four heat pump types with respect to their mean exergy efficiency is as follows; water to air type with 30.23%, air to air type with 30.22%, air to water type with 24.77% and water to water type with 24.01%. Exergy destruction rates of the systems were investigated in this study and the results revealed that the heat pump type which has the maximum exergy destruction is air to air type with 2.93 kW. The second highest one is air to water type with 2.84 kW. The third highest one is water to air type with 2.64 kW and last one is water to water type with 2.55 kW. It is understood that the temperature of the evaporator external fluid affects the exergetic efficiency of the system more than the mass flow rate. In contrast to the previous, the dominant parameter which has more important effect on the exergy destruction of the heat pump unit is the mass flow rate of evaporator external fluid. (C) 2013 Elsevier Ltd. All rights reserved.