Heat pump cost by state
Counting heating and cooling, a minimum-efficiency heat pump costs less to run than a 95% gas furnace plus central AC in 4 of 48 contiguous states for a 2,000 sq ft home (estimate).
Installed cost: national estimates
| Efficiency | Installed cost |
|---|---|
| 14–15 SEER2 / 7.5 HSPF2 | $6,000–$12,000+ |
| 16–17 SEER2 / 8–9 HSPF2 | $8,000–$15,000+ |
| 18–19 SEER2 / 9–10 HSPF2 | $11,000–$18,000+ |
| 20+ SEER2 / 10+ HSPF2 | $15,000–$25,000+ |
Source: HomeGuide, “How much does a heat pump cost?” (2026). National figures; we don't have state-level install prices.
No federal 25C credit for 2026 installs. The credit (30%, up to $2,000/yr for qualifying heat pumps) applied to property placed in service through December 31, 2025. Source: IRS: Energy Efficient Home Improvement Credit.
Yearly heating + cooling cost, 2,000 sq ft
| State | Heat pump | Furnace + AC | Heat pump saves |
|---|---|---|---|
| Alabama | $1,289 | $1,114 | $-175 |
| Arizona | $1,150 | $1,104 | $-45 |
| Arkansas | $1,241 | $1,331 | $90 |
| California | $2,318 | $1,353 | $-966 |
| Colorado | $2,551 | $1,297 | $-1,254 |
| Connecticut | $3,643 | $1,792 | $-1,850 |
| Delaware | $1,917 | $1,380 | $-537 |
| Florida | $815 | $875 | $59 |
| Georgia | $1,207 | $1,221 | $13 |
| Idaho | $1,951 | $923 | $-1,028 |
| Illinois | $2,667 | $1,295 | $-1,373 |
| Indiana | $2,197 | $1,203 | $-995 |
| Iowa | $2,173 | $1,274 | $-899 |
| Kansas | $1,812 | $1,421 | $-391 |
| Kentucky | $1,519 | $1,189 | $-331 |
| Louisiana | $865 | $869 | $4 |
| Maine | $4,993 | $2,423 | $-2,570 |
| Maryland | $2,322 | $1,451 | $-871 |
| Massachusetts | $4,076 | $2,669 | $-1,407 |
| Michigan | $3,205 | $1,306 | $-1,899 |
| Minnesota | $3,011 | $1,569 | $-1,442 |
| Mississippi | $1,133 | $1,015 | $-118 |
| Missouri | $1,664 | $1,421 | $-242 |
| Montana | $2,549 | $1,239 | $-1,310 |
| Nebraska | $1,854 | $1,282 | $-571 |
| Nevada | $1,311 | $1,050 | $-261 |
| New Hampshire | $4,303 | $2,319 | $-1,984 |
| New Jersey | $2,846 | $1,423 | $-1,423 |
| New Mexico | $1,589 | $885 | $-704 |
| New York | $3,925 | $1,919 | $-2,006 |
| North Carolina | $1,303 | $1,123 | $-181 |
| North Dakota | $2,458 | $1,454 | $-1,004 |
| Ohio | $2,411 | $1,412 | $-999 |
| Oklahoma | $1,303 | $1,105 | $-197 |
| Oregon | $1,753 | $1,408 | $-345 |
| Pennsylvania | $2,698 | $1,556 | $-1,142 |
| Rhode Island | $3,737 | $2,214 | $-1,523 |
| South Carolina | $1,214 | $1,048 | $-166 |
| South Dakota | $2,448 | $1,285 | $-1,163 |
| Tennessee | $1,317 | $940 | $-377 |
| Texas | $1,116 | $1,079 | $-37 |
| Utah | $2,018 | $1,214 | $-804 |
| Vermont | $4,135 | $2,371 | $-1,764 |
| Virginia | $1,724 | $1,349 | $-375 |
| Washington | $1,735 | $1,535 | $-200 |
| West Virginia | $1,793 | $1,219 | $-574 |
| Wisconsin | $3,129 | $1,401 | $-1,729 |
| Wyoming | $2,466 | $1,573 | $-893 |
Heat pump 7.5 HSPF2 / 14.3 SEER2; furnace 95% AFUE; AC at the DOE regional minimum. EIA prices, NOAA 1991–2020 degree days. Negative savings mean gas + AC is cheaper. See the calculator.