By the HomeCostLens editorial team · Reviewed September 2026 · HVAC · Source: BLS PPI — HVAC equipment; high demand
▲ 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.
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 100 metros we track.
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.
