Heat Pump Cost Calculator
Last updated: October 15, 2026
Estimate heat-pump installation cost, incentives, annual energy savings and simple payback using editable equipment and utility assumptions.
Starting figures illustrate this model. Enter your own measurements, quoted costs and applicable terms; this page does not retrieve live prices or provider rates.
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.
Read the complete guide
Updated reference sections in this guide are in English.
What this calculator estimates
Estimate heat-pump installation cost, incentives, annual energy savings and simple payback using editable equipment and utility assumptions.
How to use it
Enter Heat-pump equipment ($); Installation labor and materials ($); Electrical upgrades ($); Permits and other work ($); Rebates and incentives ($); Current annual heating and cooling cost ($); Estimated annual cost with heat pump ($). Select Calculate to update the results.
How the calculation works
Net project cost subtracts entered incentives from equipment, labor, electrical and other costs. Simple payback divides net cost by estimated annual utility savings.
Worked example: starting scenario
| Heat-pump equipment ($) | 10500 |
|---|---|
| Installation labor and materials ($) | 6500 |
| Electrical upgrades ($) | 1800 |
| Permits and other work ($) | 900 |
| Rebates and incentives ($) | 3000 |
| Current annual heating and cooling cost ($) | 2800 |
| Estimated annual cost with heat pump ($) | 1750 |
| Estimated net heat-pump project cost | $16,700.00 |
|---|---|
| Gross installed cost | $19,700.00 |
| Estimated annual energy savings | $1,050.00 |
| Simple payback period | 15.9 years |
| Estimated monthly savings | $87.50 |
Important limitations
Sizing, climate, ducts, backup heat, utility rates, incentives and tax eligibility vary. Energy savings require a proper load calculation and contractor proposal.