Heat Pump Cost Trend (2026)
▲ up 5.5%
Year-over-year change in heat pump installation costs. National average now ~$6,500.
National avg: $6,500
Typical range: $4,500–$13,000
Since 2021: +52%
The national average cost of heat pump installation has risen about 5.5% over the past year, reaching roughly $6,500 in 2026. Heat pumps are the fastest-rising HVAC category — strong electrification demand plus the refrigerant transition outpace the broader equipment index.
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Heat Pump cost trajectory, 2021–2026
Estimated national heat pump installation cost (indexed from BLS producer-price data)
Indexed estimate (2021 = 100) based on BLS Producer Price Index category data and skilled-trade wage growth; actual prices vary by city and scope.
Where heat pump installation costs the most & least
Local prices swing widely around the national average — driven by labor rates, climate, and permit costs. Here is how heat pump installation ranks across the 50 metros we track.
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Frequently asked questions
- Are heat pump installation costs going up in 2026?
- Yes. Heat Pump costs have risen roughly 5.5% year-over-year, to a national average of about $6,500. Heat pumps are the fastest-rising HVAC category — strong electrification demand plus the refrigerant transition outpace the broader equipment index.
- What is the average cost of heat pump installation in 2026?
- The U.S. average is about $6,500 before local adjustment, typically ranging from $4,500 to $13,000 depending on scope and your city.
- Why have heat pump installation prices changed?
- Heat pumps are the fastest-rising HVAC category — strong electrification demand plus the refrigerant transition outpace the broader equipment index.