IQHab › United States › HVAC › Heat Pump Replacement Cost (2026)
Heat Pump Replacement Cost
A heat pump handles both heating and cooling. Here's the range and what drives the price.
Per complete heat pump system · USD
What's included
Labor
$2,500–$5,000
Materials / equipment
$3,000–$8,000
What changes the price
- Heating and cooling capacity (tons)
- Efficiency rating (SEER2 / HSPF2)
- Cold-climate vs. standard heat pump
- Ductwork and proper sizing
Regional notes
- Cold-climate heat pumps cost more but operate in freezing temperatures.
- Incentives and rebates for heat pumps vary by state and utility.
Questions
Is a heat pump better than AC plus furnace?
A heat pump can be more efficient for heating in many climates, though in very cold regions a hybrid or dual-fuel setup is often better.
Cost by state
Costs vary by regional labor market. See local estimates for your state:
Browse all U.S. statesHow to get an accurate quote
- Get several quotes and compare, not just price.
- Be specific about size, materials and any existing issues.
- Ask whether the quote includes labor, materials, permits and cleanup.
- Confirm the contractor is licensed and insured before you hire.
Cost by size
Heat pump cost scales with the size of the system. Here's the typical installed range:
| System size (tons) | Typical cost |
|---|---|
| 2 tons | $5,000 – $8,500 |
| 3 tons | $6,500 – $10,000 |
| 4 tons | $8,000 – $12,500 |
| 5 tons | $9,500 – $14,000 |
If you live somewhere very cold, a cold-climate heat pump keeps working at low temperatures but costs more than a standard one.
Example
Replacing a 3-ton heat pump in a 1,600 sq ft home typically runs about $8,000 installed. Adding a cold-climate unit or upgrading efficiency pushes it toward $10,000+
How to save
- Check federal and utility rebates for heat pumps.
- Right-size — oversizing wastes money.
- Bundle with the AC or furnace replacement.
- Install in the shoulder season.