Heat Pump Cost Calculator
Last updated: July 2026
Estimate heat-pump installation cost, incentives, annual energy savings and simple payback using editable equipment and utility assumptions.
Estimated net heat-pump project cost
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- Gross installed cost: —
- Estimated annual energy savings: —
- Simple payback period: —
- Estimated monthly savings: —
On this page
Quick summary: Estimate heat-pump installation cost, incentives, annual energy savings and simple payback using editable equipment and utility assumptions. Enter the requested values, calculate, review the result, and compare more than one realistic scenario before making a decision.
Read the complete guide
What this calculator estimates
Estimate heat-pump installation cost, incentives, annual energy savings and simple payback using editable equipment and utility assumptions. It is designed for fast planning and comparison in the United States. The output is an estimate, not a binding quote, approval, tax determination, insurance offer or professional recommendation.
How to use it
Enter the requested values using a single consistent time period and currency. Select Calculate, review the headline result and supporting figures, then change one assumption at a time to compare another scenario.
How the calculation works
Net project cost subtracts entered incentives from equipment, labor, electrical and other costs. Simple payback divides net cost by estimated annual utility savings.
Important limitations
Sizing, climate, ducts, backup heat, utility rates, incentives and tax eligibility vary. Energy savings require a proper load calculation and contractor proposal.
Frequently asked questions
Is the result exact?
No. It is a planning estimate based on the assumptions entered.
Can I compare different scenarios?
Yes. Change one input at a time so you can see which assumption changes the result.
Does the calculator store my inputs?
The calculation runs in the browser and does not require an account. Avoid entering unnecessary confidential information.