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How Much Does a Heat Pump Cost?

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Key Takeaways

PointDetails
Average Cost Installed$3,800 – $8,200
Types of Heat PumpsAir-Source, Geothermal, Ductless, Cold Climate, Dual Fuel, Solar
Efficiency SavingsUp to 70% energy savings depending on type
Installation Cost FactorsSize, type, location, labor, permits, additional components

Heat Pump Installation Cost

The cost of installing a heat pump varies significantly depending on a variety of factors such as the size of the unit, type, location, and labor costs. On average, homeowners can expect to pay between $3,800 and $8,200 for a new heat pump installation.

Heat Pump Prices

SizeHome Size (SF)Average Installation Cost
1.5 ton600 – 1,100$2,000 – $3,500
2.0 ton900 – 1,400$3,000 – $5,500
2.5 ton1,200 – 1,650$3,200 – $6,000
3.0 ton1,500 – 2,100$3,500 – $6,500
3.5 ton1,800 – 2,300$3,800 – $7,000
4.0 ton2,100 – 2,700$4,000 – $8,500
5.0 ton2,400 – 3,300$4,500 – $10,000

Average Cost to Install a Heat Pump

ItemCost
National Average Cost$5,819
Minimum Cost$1,200
Maximum Cost$25,000
Average Range$3,749 to $8,162

New Heat Pump Cost by Type

The type of heat pump you choose plays a crucial role in determining the installation cost. Here’s a breakdown of different types and their costs.

Heat Pump Cost Comparison

TypeTotal Installation Cost
Air-Source$4,000 – $12,000
Geothermal$15,000 – $35,000
Ductless Mini-Split$3,000 – $10,000
Cold Climate$3,000 – $7,000
Dual Fuel or Hybrid$2,500 – $10,000
Solar$15,000 – $30,000

Air-Source Heat Pump Cost

ComponentAverage Cost Installed
Standard$4,000 – $8,000
High-End$6,000 – $12,000

Geothermal Heat Pump Cost

System TypeAverage Cost
Horizontal$15,000 – $34,000
Vertical$20,000 – $38,000
Pond/Lake$10,000 – $32,000
Open Loop$10,000 – $28,000

Ductless Mini-Split Heat Pump Cost

ZonesAverage Cost
1$1,200 – $4,000
2$2,200 – $6,000
3$3,000 – $8,000
4$4,500 – $10,000
5$6,000 – $12,000

Cold Climate Heat Pump Cost

  • The cost for cold climate heat pumps ranges from $3,000 to $7,000.

Dual Fuel or Hybrid Heat Pump Cost

Install TypeAverage Cost Installed
New Heat Pump Connected to Existing Furnace$2,500 – $6,000
New Heat Pump and Furnace$4,500 – $10,000

Is A Dual Fuel Heat Pump Worth It?

Dual fuel heat pumps are worth considering if you live in a region with extreme temperatures because they provide a reliable backup system using a secondary fuel source like natural gas.

Solar Heat Pumps

Solar heat pumps cost between $15,000 and $30,000 and are a significant investment aimed at providing energy-efficient heating through renewable energy sources.

Heat Pump Replacement Costs

Replacing an old heat pump or upgrading your system involves various additional costs.

Heat Pump Replacement Costs

ItemAverage Cost
Install Air Handler$2,000 – $3,500
Remove Old AC Unit$300 – $500
Remove Old Furnace$150 – $400

Cost To Replace Heat Pump And Air Handler

Replacing both the heat pump and the air handler generally costs more compared to installing just the heat pump.

Central Air Conditioner and Heat Pump Prices

The prices for replacing a central air conditioner and heat pump range from $3,500 to $7,000 depending on the size and efficiency of the units.

Cost To Replace Oil or Gas Furnace With Heat Pump

Replacing an oil or gas furnace with a heat pump can cost upwards of $4,000 to $10,000, factoring in the new system and installation complexities.

Heat Pump For Mobile Home Pricing

Heat pump installation for mobile homes varies from $2,000 to $5,000, depending on the specific requirements and constraints of mobile homes.

Heat Pump Installation Cost Factors

Several factors impact the final cost of installing a heat pump.

Heat Pump Installation Costs

ItemAverage Cost*
Permits$250 – $400
Thermostat prices$140 – $350
HVAC Zoning System Cost$1,700 – $4,500
Electric Heat Strips$150 – $600
New Ductwork$2,400 – $6,600
Labor$1,200 – $3,500
Remove Old Unit$500 – $1,000

Labor Cost To Install Heat Pump

Labor costs for installing a heat pump usually range between $1,200 and $3,500 but can vary based on the complexity of the installation.

Cost To Install Heat Pump And Ducts

Installing a new heat pump and duct system can cost between $4,600 and $12,100.

Backup Electric Heat Pump Cost

Adding a backup electric system to your heat pump can cost between $500 to $1,500, offering a safeguard against harsh climates.

High-Efficiency Heat Pump Costs

Efficiency RatingAverage Cost Installed
13 – 14 SEER / 7 – 8 HSPF$3,000 – $6,000
15 – 16 SEER / 8 – 9 HSPF$4,500 – $7,500
17 – 18 SEER / 9 – 10 HSPF$6,000 – $9,000
19+ SEER / 10+ HSPF$8,000 – $12,000

Heat Pump Efficiency Rating

EfficiencyRatingsClimate Zones
Basic13 – 15 SEER / 8.5 HSPFCentral / Midwest. Dry, temperate climates without extremes.
Moderate15 – 17 SEER / 8.5 – 9.5 HSPFCentral / Midwest. Some temperature fluctuations.
High18 – 25+ SEER / 10+ HSPFSouth / North. Temperatures extremes, freezing, or high humidity.

Heat Pump Type & Performance

TypePerformanceDescription
Single StageBasicEither operating at 100% capacity or off
Two-StageStandardRuns either at 65% capacity or 100% capacity
Variable/ModulatingHigh-endAdjusts output from 40% to 100% capacity

Heat Pump Costs By Location

Costs can vary significantly depending on geographical location.

City, StateAverage Cost Installed*
Atlanta, GA$4,000 – $6,900
Chicago, IL$4,600 – $7,500
Denver, CO$4,000 – $7,000
Houston, TX$3,800 – $6,900
Los Angeles, CA$4,400 – $7,500
Miami, Florida$3,500 – $6,800
Minneapolis, MN$4,500 – $7,400
New York, NY$5,000 – $8,500
Phoenix, AZ$4,000 – $7,000
Portland, ME$3,500 – $7,200
St. Louis, MI$4,500 – $7,500
Seattle, WA$4,500 – $8,000

Additional Installation Costs

ItemAverage Cost
Condensing Unit Pad$30 – $200
Refrigerant Line Set$125 – $400
Refrigerant Line Set Covers$50 – $150
Outdoor Mounting Wall Bracket$60 – $225
Coil UV Lights$85 – $500

Heat Pump Prices By Brand

Here are the average costs for heat pumps from well-known brands.

BrandSEER RatingUnit Price*
Aire-Flo13 – 14$950 – $2,200
Airtemp14 – 16$1,100 – $2,600
Amana15 – 18$1,000 – $4,800
American Standard14 – 21$1,500 – $4,500
Ameristar13 – 16$950 – $3,500
Armstrong and Ducane14 – 24$1,100 – $3,700
Bryant14 – 20$1,600 – $4,500
Carrier14 – 20$2,100 – $4,900
Coleman14 – 20$1,300 – $4,700
Daikin15 – 21$1,200 – $4,800
Day & Night13 – 19$1,200 – $3,900
DiamondAir14 – 16$900 – $2,000
Ducane14 – 20$1,200 – $4,700
Goodman14 – 18$1,100 – $3,900
Heil14 – 19$1,200 – $4,700
Lennox16 – 23$2,200 – $5,500
Luxaire13 – 20$1,300 – $3,600
Maytag14 – 19$1,300 – $4,200
Payne14 – 17$1,400 – $3,100
Rheem & Ruud14 – 20$1,400 – $3,800
Tempstar14 – 19$1,200 – $4,700
Trane16 – 22$1,800 – $4,200
York13 – 20$1,400 – $3,600

Best Heat Pump Brands

QualityLasts (Years)Brands
Low-end12 – 16Payne, Aire-Flo, Airtemp, Ameristar, York, Coleman, and DiamondAir
Standard15 – 18Daikin, Goodman, Amana, Heil, Arcoaire, Day & Night, Tempstar, Armstrong Air and Ducane, Rheem and Ruud, Luxaire, Maytag, Broan, Westinghouse, Frigidaire, and NuTone
High-end17 – 22Lennox, American Standard, Trane, Carrier, and Bryant

What Size Heat Pump Do I Need?

Heat Pump Size Calculator By Square Footage

Square FootageTonnage NeededBTUs Needed
600 – 1,1001.518,000
900 – 1,4002.024,000
1,200 – 1,6002.530,000
1,500 – 2,1003.036,000
1,800 – 2,3003.542,000
2,100 – 2,7004.048,000
2,400 – 3,3005.060,000

Ductless Heat Pump Size Needed

Room Square FootageBTUs Needed
100 – 2505,000 – 6,000
250 – 3507,000 – 8,000
350 – 4508,000 – 10,000
450 – 70012,000 – 14,000
700 – 1,00015,000 – 18,000
1,000 – 1,40020,000 – 23,000

Manual J and Manual S Calculation

Manual J and Manual S calculations are industry standards for sizing and selecting heating and cooling equipment based on individual house characteristics, including insulation, window types, and orientation.

Heat Pump Cost to Run

Heat Pump Cost to Run

PeriodCost To Run*
Daily$1.20 – $5.40
Monthly$40 – $160
Yearly$500 – $2,000

Do Heat Pumps Save Money?

TypeEnergy Savings
Air Sourceup to 50%
Mini Split Ductless25% – 40%
Geothermal Ground Sourceup to 70%

Are Heat Pumps Worth The Cost?

Yes, heat pumps can be worth the cost if you consider the potential savings on energy bills, reduced carbon footprint, and whether you can take advantage of tax credits and rebates.

Heat Pumps for Appliances

Heat Pumps for Appliances Cost

ApplianceAverage Cost
Heat Pump Water Heater$1,800 – $5,000
Swimming Pool Heat Pump$1,800 – $5,400
Heat Pump Clothes Dryer$700 – $1,700

Heat Pump Water Heater

Heat pump water heaters are highly efficient and can save up to 50% on traditional water heating costs.

Swimming Pool Heat Pump

Ideal for maintaining pool temperature, swimming pool heat pumps provide consistent heating with low operational costs.

Heat Pump Clothes Dryer Cost

Heat pump clothes dryers are energy-efficient appliances that use a heat pump technology to dry clothes.

Heat Pump Pros and Cons

Benefits of a Heat Pump

  • Energy Efficiency: Significant reduction in energy costs.
  • Low Maintenance: Fewer mechanical parts, leading to less frequent repairs.
  • Dual Function: Provides both heating and cooling.

Disadvantages of a Heat Pump

  • High Initial Cost: Higher upfront costs compared to traditional heating systems.
  • Installation Complexity: Requires professional installation, which can be costly.
  • Performance: May struggle in extreme cold weather conditions without a backup system.

Heat Pump Tax Credits & Rebates

In many regions, heat pumps qualify for federal tax credits, local rebates, and other incentives, which can substantially reduce the net cost of installation.

Heat Pump FAQs

What Is a Heat Pump?

A heat pump is an energy-efficient, all-in-one cooling and heating system that extracts heat from the outside air or ground and transfers it inside during the winter, and reverses the process in the summer to cool your home.

How Does a Heat Pump Work?

Heat pumps work by using electricity to transfer heat from one place to another instead of generating heat by burning fuel. In the winter, they bring in heat from outside to warm your home, and in the summer, they expel heat from your home to cool it down.

How Long Do Heat Pumps Last?

On average, heat pumps last between 15 to 20 years with proper maintenance.

How Efficient Are Heat Pumps?

Heat TypeEfficiency
Air-Source Heat Pump150% – 250%
Geothermal Heat Pump200% – 400%
Condensing Furnace or Boiler (Oil/Gas)90% – 96%
Conventional Furnace or Boiler (Oil/Gas)70% – 80%
Direct Electric Heating30% – 45%

How Much Do Heat Pump Repairs or Maintenance Cost?

Repairs and maintenance costs

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