Heat Pump Cost Calculator
Estimate the cost of installing and operating a heat pump for your home
Heat Pump Cost FAQs
How much does a heat pump cost to install?
The average cost to install a heat pump ranges from $4,000 to $8,000 for air-source models and $10,000 to $25,000 for ground-source systems. Costs vary based on home size, system type, and local labor rates.
Are heat pumps worth the investment?
Yes, heat pumps typically pay for themselves in 5-12 years through energy savings. They’re 2-3 times more efficient than traditional HVAC systems and can reduce heating costs by 30-60%.
What factors affect heat pump installation costs?
Key factors include: home size, existing ductwork, system type and efficiency, local climate, labor costs, and any necessary electrical upgrades or permits.
Are there rebates or tax credits available?
Yes, the federal government offers tax credits up to $2,000. Many states and utilities provide additional rebates ranging from $500-$2,500 for qualifying high-efficiency heat pump installations.
How long do heat pumps last?
With proper maintenance, air-source heat pumps last 12-15 years, while ground-source systems can last 20-25 years. Regular maintenance can extend lifespan by 3-5 years.