Heat pumps provide both heating and cooling with strong efficiency. Here's what to expect on cost.
Typical heat pump costs
- Air-source heat pump (whole home): $4,000–$8,000+ for equipment; installation can bring total to $8,000–$15,000+
- Ductless mini-split: $2,000–$5,000 per zone
- Geothermal: $15,000–$30,000+ (higher upfront, lower operating cost)
Costs vary by brand, size, and whether you need ductwork changes or electrical upgrades.
Cost by home size (ballpark)
| Home size | Air-source (installed) | Mini-split (1–2 zones) |
|---|---|---|
| Small (< 1,500 sq ft) | $8,000–$12,000 | $3,000–$6,000 |
| Medium (1,500–2,500) | $12,000–$18,000 | $5,000–$10,000 |
| Large (2,500+) | $18,000–$25,000+ | $8,000+ |
Federal tax credits can cover up to 30% of qualifying project cost (through 2032). Many states and utilities add rebates.
When a heat pump makes sense
Heat pumps are most cost-effective where winters are mild to moderate. In very cold climates, cold-climate units or hybrid systems (heat pump + furnace) are common. Compare your current heating and cooling bills to estimated heat pump savings to gauge payback.