What Determines Heat Pump Cost?
The total cost to install a heat pump is a combination of the equipment itself, the cost of labor, and any necessary modifications to your home. The average total cost for an air source heat pump is around $6,000, but can range from $4,200 to $15,000 or more. [1, 6, 17]
The most significant factors are the type and size (capacity) of the unit. Geothermal systems are far more expensive upfront than standard air source heat pumps due to the need for excavation. [7, 20] Larger homes require higher capacity units, which also increases the cost. [4]
Average Cost by Type (Including Installation)
Heat Pump Type | Typical Cost Range |
---|---|
Air Source (Ducted) | $4,500 - $12,000 |
Ductless Mini-Split (Single Zone) | $3,000 - $8,000 |
Geothermal (Ground Source) | $10,000 - $30,000+ |
How to Use the Calculator
- Enter the square footage of your home to determine the appropriate heat pump size.
- Select the type of heat pump you are considering. Air source is the most common. [7]
- Indicate whether you will be using existing ductwork or if new ductwork installation is required. This does not apply to ductless systems. [6]
- Click "Calculate Cost" to see a detailed breakdown of the estimated project expenses and potential savings.
Frequently Asked Questions
What is the Federal HVAC Tax Credit?
Under the Inflation Reduction Act, homeowners who install qualifying high-efficiency heat pumps can receive a tax credit of 30% of the project cost, up to a maximum of $2,000 per year. [18, 25] Geothermal systems have a separate, higher limit. [19] Always consult a tax professional for eligibility.
Is a more expensive, high-efficiency unit worth it?
Often, yes. While high-efficiency models (measured by SEER2 and HSPF2 ratings) have a higher upfront cost, they can significantly reduce your monthly energy bills. [1] In colder climates, a high-efficiency "cold climate" heat pump is essential for effective performance.