How Much Does a Heat Pump Cost?

Ginny Bartolone
Written by Ginny Bartolone
Updated February 15, 2022
Heat pump exterior backyard
Photo: Maudib / Getty Images

Highlights

  • To install a heat pump, you’ll pay between $1,500 and $10,000.

  • Your overall costs will depend on the type of pump, the size of the pump, and labor costs (or lack thereof).

  • Though DIY is possible, it’s usually best to hire a local pro to complete the installation.

  • Several factors out of your control, such as climate, the shape of your home, or local labor costs, will affect your heating and cooling.

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The average cost of a heat pump is $5,700 depending on prices in your area, your current HVAC system, and brand. 

Heat pump technology impressively heats and cools your home without burning oil or gas. Think of it this way: in the right conditions, a heat pump can replace both your furnace and your AC. Additionally, its eco-conscious potential can lower energy costs up to 50%, leaving extra room in your budget for that patio upgrade you've been dreaming up.

How Much Does it Cost to Install a Heat Pump Per Ton?

Choosing the right heat pump size for your home ensures it runs efficiently and remains sustainable as it ages. Here are the heat pump prices to expect for your home.

CapacityPrice Range
2-ton heat pump cost$3,500 – $5,500
2.5-ton heat pump cost$3,700 – $5,800
3-ton heat pump cost$3,900 – $6,200
3.5-ton heat pump cost$3,900 – $6,400
4-ton heat pump cost$4,000 – $7,300
5-ton heat pump cost$4,500 – $8,800

A heat pump system regulates the temperature of your home's air by tapping into surrounding natural sources. For example, on hot days, the heat pump draws warm air out of your home and vice versa on chilly ones. The right installation means you'll no longer have to worry about finicky spring days that leap between T-shirt and sweater weather.

The size and structure of your home has a large impact on the heat pump cost. A specialist will determine the load capacity of your space—or how powerful a heat pump you'll need. Factors such as windows, high ceilings, and regional weather play a significant role here. So, if you have stunning, flood-to-ceiling arched windows in the living room, your heat pump may need an extra boost in the winter.

How Much Does it Cost to Install a Heat Pump Near You?

Location plays a large role in your heat pump system cost due to climate and local labor rates. For example, if your town braces for the first frost in October and hunkers down until April, your home will likely require a backup furnace to keep your home safe and cozy.

Here are some examples of heat pump costs by region:

  • New England: $2,300–$5,500

  • Central Atlantic: $3,300–$7,300

  • Southern Atlantic: $3,000–$5,000

  • Gulf Coast: $3,800–$7,100

  • Midwest: $4,500–$5,500

  • West Coast: $3,100–$7,000

Factors that Influence Heat Pump Costs

Let's recap everything we've covered. Heat pump cost comparison comes down to a few major factors:

  • Home architecture

  • Type of heat pump

  • SEER Rating (Seasonal Energy Efficiency Rating)

  • Heat pump brand

  • Heat pump energy rating

  • Existing ductwork

  • Where you live

What Type of Heat Pump Can I Get on My Budget?

When it comes to heating and cooling your home, there are several factors out of your control, such as climate, the shape of your home, or local labor costs. Here's a basic breakdown of different options in each heat pump price range.

$3,000 to $5,000

This price range is ideal for:

  • Heat pumps without labor costs

  • Air source systems

  • Small homes in warm climates

  • Homes with existing ductwork

$5,000 to $7,000

This price range is ideal for:

  • Air source, mini-split, and some hybrid heat pumps

  • Duct installation

  • Small- to mid-sized homes

Over $7,000

This price range is ideal for:

  • Geothermal and solar heat pumps

  • Large or drafty homes

  • Colder climates

How Much Does it Cost to Install a Heat Pump Yourself?

Installing a heat pump system yourself may not be in the cards for most homeowners, but this depends on the extent of the installation.

Replacing or repairing your heat pump within a current system may cut costs, but full installations of the ductwork, underground excavation, and electrical equipment can be costly (and complicated!) on your own.

Let's say your final quote from a local engineer for an air-source heat pump installation is $2,000 for the heat pump itself and $1,500 for labor. Labor costs often include all materials, local permits, duct setup, and extra materials. If you go the DIY route, you need to factor in all those extra costs, too.

In short: by cutting out the professional, you may not save much in the long run. Not only is the installation a lengthy process on your own, but a heat pump's complicated wiring and ventilation setup means that one false move could lead to a costly and frustrating outcome.

Heat Pump Cost Breakdown

Though you might get thrown off by the high heat pump cost, if you take a bird's-eye look at a heat pump cost calculator it's a bit easier to see where the money goes.

Line ItemPrice Range
Heat Pump (Unit Only)$100 – $2,800
Labor, Permits, Supplies$1,125 – $3,125
Ductwork$3,000 – $5,000
Heat Pump & Ductwork$12,000 – $25,000

How Much Does a Heat Pump Cost by Type?

Let's look more closely at each type of heat pump and the related cost:

Air Source

Costs of air source heat pumps range from $4,500 to $8,000. The air source design draws hot or cold air across refrigerant lines to either absorb or release heat. It aims to move warm air to a colder area depending on the time of year and desired indoor temperature.

Mini-Split

Air source heat pumps cost between $2,000 and $14,500. Without ductwork, mini-split systems require technicians to install multiple refrigerant lines throughout your home to balance the temperature evenly. 

Geothermal

Geothermal heat pump costs range from $6,000 to $20,000. In this setup, underground piping harnesses the temperature of the earth below your house, functioning even when the outside air is too hot or cool.

Hybrid

Hybrid heat pump systems cost $2,500 to $10,000 in most areas of the country. When temperatures dip below freezing, this option coordinates the heat pump with a furnace.

Solar

Solar panels can cost between $18,000 and $39,000, including installation and supplies. Solar panels fuel the heat pump compressor or the pump itself.

FAQs

What should I consider when choosing a heat pump?

Always consider the structure, location, and your home’s current HVAC system when choosing a heat pump. Heat pump costs primarily depend on the design you choose and the amount of installation required. 

A high-quality heat pump should last between 10 and 15 years, and while there are occasional maintenance issues, staying on top of these will help keep your heat pump running efficiently.

Why should I pick a heat pump for my home?

Choosing the pricier option may not be your first instinct, but there are many reasons homeowners enthusiastically opt for heat pumps. The intuitive system works with the natural ebb and flow of the seasons, allowing you to skip that blast of hot air when you turn on the furnace the first time.

A heat pump may not be right for everyone, but when it is an option, it can also make you feel a bit better about your carbon footprint. After all, a heat pump can cut your home's energy emissions, slash gas and oil bills, and even qualify you for tax rebates.

What other projects should I do at the same time?

You may be able to lower your heat pump system cost by taking care of some other projects beforehand or at the same time. These include:

Connect with a heat pump installation contractor to get the process rolling. 

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