High-end brands like Trane or Lennox cost $6,000 to $12,000 to install. View Pros Air-Source Heat Pump CostĪir-source heat pumps cost $4,000 to $8,000 on average to install, depending on the size and brand.
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Get free estimates from heat pump installers near you. *Average price for equipment and installation labor. Heat pump prices depend on the size, system efficiency, brand, and sources (air-to-air, water-to-air, geothermal, dual fuel, mini-split). Best suited for modern climates in the Northeast and Midwest regions.Ī new heat pump costs $800 to $4,500 without labor and between $3,000 to $10,000 on average for a complete installation.Uses electricity and doesn't produce carbon monoxide.Heat pumps are 2 to 3 times more efficient than furnaces, and pay themselves back in energy savings within 5 to 12 years.Lowers electricity bills by $300 to $1,500 annually, saving 30% to 70% on energy costs.Provides both heating and cooling and can replace traditional HVAC systems or be installed as a hybrid with a furnace.Heat pump size needed also depends on climate zone.Īverage Heat Pump Installation Cost National Average Cost Heat pump prices are $800 to $4,500 for the equipment and $1,200 to $3,500 for installation labor on average. Heat pump installation costs $3,800 to $8,200 on average, depending on the size, type, efficiency, and brand.
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