Heat Pump Cost in Indiana (2026)
Average installation costs, local electricity rates, and available rebates for Indiana homeowners.
Avg Install Cost
$8K–$18K
Electricity Rate
16.2¢/kWh
Climate Zones
4, 5
Rebate Programs
1
Get Your Indiana Heat Pump Estimate
1
2
3
4
Where is your home?
We'll use your ZIP code to find local prices, rebates, and climate data.
Indiana Electricity Rates
Indiana residents pay 16.2¢ per kWh for electricity. The national average is about 16¢/kWh.
Lower electricity rates improve heat pump economics, reducing your annual operating costs.
Indiana Heat Pump Rebates
Indiana Energy Saver Program
state
0.5%
Indiana Heat Pump Costs by City
11 cities covered. Browse local cost data and rebates.