A heat pump typically costs between $4,000 and $12,000 installed, depending on the system type, home size, efficiency rating, and installation complexity. Lower costs usually apply to straightforward heat pump replacements using existing ductwork and electrical systems. Higher costs are common when installing high-efficiency equipment, upgrading ducts or electrical panels, or switching to a heat pump furnace system. Because every home is different, an in-home evaluation is the only reliable way to determine accurate heat pump replacement cost.
