Imperial Metric
Heat Pump Calculator · 2026 Programs

Is a heat pump
worth it for your home?

Redo your heating — enter your address and energy bills for a personalized cost analysis powered by real local weather data, three heat pump options compared side-by-side, and every state and federal incentive you qualify for.

1
Your Home

ZIP codes, city+state (e.g. "Fairbanks AK"), or full addresses all work. Used only for weather data and electricity rates — never stored.

sq ft
2
Current Heating & Cooling
Yes — I have ducts
No ductwork

Without ductwork, a heat pump requires a mini-split system — affects both cost and which models apply.

3
Your Energy Bills — what you actually pay
$

Your fuel or electric bill during the coldest month.

$

Your electricity bill during your hottest month.

These inputs aren't required — reasonable defaults are used when left blank. They improve estimate accuracy.
A
Smart Thermostat
I have or will add a smart thermostat Reduces estimated heat pump operating costs by 5% (ENERGY STAR cites 8–12%). If you already have one, your current bills already reflect its savings — this credits the additional optimization it provides for heat pump scheduling.
B
Current Heating System
No solar
I have solar
Planning solar

Solar owners often heat at near-zero marginal cost with a heat pump — dramatically changes the economics.

C
Add Heat Pump · Keep Existing Heating System
Keep existing heating system as backup Models HP handling most days, existing system as backup on extreme-cold nights. Affects savings, carbon, and rebate eligibility — some programs (e.g. MA Whole-Home) require removing your existing system.

For most locations, this toggle has a small effect (backup rarely runs). In extreme-cold climates (Interior Alaska, northern Minnesota, upper Michigan), it materially changes the numbers. The toggle also auto-appears in the results section for locations where it matters most.

E
Electrical Panel
⚠ Panel upgrade may be required. Homes with 100-amp electrical service — common in pre-1980 homes nationally — often need an upgrade to 200-amp before a heat pump can be installed. This typically costs $2,000–$4,500 and is not included in rebate calculations. Check your breaker panel: if the main breaker reads 100A or less, budget for this cost. Some utilities offer rebates of $500–$1,200 toward panel upgrades through electrification programs.
No — I have 200A service
Yes — add ~$3,000 to install cost
Not sure
F
Billing Details
$

Used to separate cooling costs from baseline usage. If blank, we estimate from your home's square footage and local electric rate (EIA RECS 2020).

Electricity rate: Uses the EIA state average for your location by default. For better accuracy, select your utility below (when available) or enter your actual $/kWh rate from your bill.
$/kWh

Leave blank to use your selected utility's rate, or the EIA state average if no utility is selected. For best accuracy, find your effective rate on your bill (total $ ÷ total kWh).

G
Home Insulation

Poor insulation increases heating needs ~20%. Good insulation decreases them ~15%. This affects both your current costs and heat pump savings.

H
Incentives to Include
State & Local Incentives State utility and program rebates for your location
Federal Incentives IRA 25C tax credit (repealed by OBBB Act, expired Dec 31 2025) and HEAR rebates — shown for completeness
I
Fuel Price Escalation
Model annual fuel price increases Projects how rising oil/propane costs improve your heat pump payback over time
%/yr

Heating oil & propane: ~3–4%/yr avg (EIA 2000–2024). Natural gas: ~2–3%/yr. Fossil fuel prices are driven by global commodity markets.

%/yr

US retail electricity: ~1.5%/yr avg (EIA 2000–2024). CA/NE have seen 5–8%/yr recently. Higher rates narrow the payback advantage.

J
Climate Change Projection
Model climate warming over 15 years As winters warm, heating needs decrease slightly each year while cooling needs increase. Based on NOAA climate trends. This is speculative — shown for directional insight only.
K
Temperature Bin Analysis
Show temperature bin analysis in results Breaks down where your heating money goes by outdoor temperature range
These sections are optional — they add geothermal and water heater analysis alongside your air-source heat pump results.
G
Ground-Source (Geothermal) Heat Pump
Compare a ground-source heat pump for my home Calculates loop sizing, costs, and shows how geothermal compares to air-source
H
Heat Pump Water Heater
I'm also interested in switching to a heat pump water heater Adds a separate HPWH analysis alongside your space heating results


Annual energy savings
Payback period
15-year net benefit
Your Current System
Annual heating cost
Annual cooling cost
Future system replacement
Annual energy total
Mid-Range Heat Pump Recommended
Annual heating cost
Annual cooling cost
Install cost after rebates
Annual energy total
Cash Flow Analysis
Cumulative Cost Over 15 Years
15-Year Cost
Annual Savings
All three heat pump options vs. your current system — includes upfront install after rebates
Equipment Details
Compare Real Heat Pump Models — sized and priced for your home

Search & Compare Any Model — 76 heat pumps in our database

Already have a specific brand or model in mind? Search our database of 76 heat pump models and compare them side-by-side with detailed specs, efficiency ratings, and estimated costs for your location.

Side-by-Side Comparison
Clear comparison
Cold Weather Analysis
Carbon Impact
$
Your Incentives & Rebates
Your household income

Federal HEEHRA rebates depend on household income relative to your area's median. Select your range to see adjusted rebate amounts in your payback estimate.

Thresholds based on your state's median household income (Census ACS). Actual eligibility may vary by county and household size — your installer can confirm.

Estimated incentives available to you right now
Ready to get real quotes?
Find certified contractors in your area who can install qualifying systems and process rebates on your behalf. Get 2–3 quotes to compare.
Find Local Contractors →

Want a second opinion? Rewiring America's Electrification Planner offers whole-home electrification estimates including appliances, EV, and solar.

How This Is Calculated

• Heat pump heating efficiency calculated per model using HSPF2 rating. Annual heating energy derived from your peak winter bill calibrated against actual local heating degree days (a measure of how cold your winters are) for your specific address (not a state-wide average).

• Annual cooling energy derived from peak summer bill minus baseline, calibrated against actual local cooling degree days (a measure of how hot your summers are). Each model's SEER2 rating determines its cooling efficiency vs. your current AC.

• Install cost ranges are regionally adjusted using BLS May 2024 HVAC labor wage data (SOC 49-9021) for your state, calibrated to EnergySage Marketplace 2025 national averages and the Belfer Center/Harvard residential heat pump cost study (June 2024). NYC ZIP codes use subregion-specific labor rates. Get 2–3 quotes from certified contractors for accuracy in your area.

• Grid carbon intensity uses EPA eGRID 2023 state-level output emission rates (published March 2025). NYC uses the NYCW subregion rate. Fuel combustion CO₂ values use EIA/DOE emission factors per fuel type.