2026 Cost Data

Heat Pump Cost in New York

Normal Range:$7,000 – $26,300

Heat pumps cost $15,000 on average in New York, based on 147 real homeowner quotes.

26.4¢/kWh Zones 4, 5, 6 1 Rebate 31 Cities
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Real Homeowner Data

What New York Homeowners Actually Paid

Based on 147 real installation quotes from New York homeowners.

Median

$15,000

147 crowdsourced quotes

Budget (25th)

$7,000

147 crowdsourced quotes

Premium (75th)

$26,300

147 crowdsourced quotes

Lowest

$1,000

147 crowdsourced quotes

Highest

$45,000

147 crowdsourced quotes

Cost by System Type

System TypeMedian CostQuotes
mini-split$21,83870
ducted$17,82116
dual-fuel$14,7679

Most Installed Brands

BrandMedian CostQuotes
Mitsubishi$24,82629
Midea$4,65220
Daikin$26,67015
Carrier$20,4297
Goodman$18,0004

What Homeowners Said

"

Estimate 2a: $15,000 to install a heat pump and put all new ductwork.

2025 · ducted

$15,000

"

Vendor 1 Mitsubishi Hyper Heat; 36000 btu class system; does not include electrical work; includes wifi for each indoor unit.

New York City area · 2025 · mini-split · Mitsubishi

$35,329

"

1200 sqft condo in The Bronx. Quote excludes electrical; new 40A circuit install needed. Includes removal of existing thru-wall condensers (EPA regulations) and installation of Mitsubishi Hyper Heat Pump MXZ-SM36NAHZ plus four wall-mounted indoor units and 4 Kumo Cloud Wifi adapters.

2025 · mini-split · Mitsubishi

$34,863

Crowdsourced homeowner reports, collected and verified by WattFax. Updated monthly.

Incentives

New York Heat Pump Rebates

New York State Geothermal Energy Credit

state

10000%

Frequently Asked Questions

How much does a heat pump cost in New York?

The median cost for a heat pump installation in New York is $15,000 based on 147 real homeowner quotes. Costs range from $1,000 to $45,000. mini-split systems average $21,838 while ducted systems average $17,821. Costs vary by city — use the calculator above for a local estimate.

What rebates are available in New York?

The federal 25C tax credit (up to $2,000) expired December 31, 2025. New York currently offers 1 state and utility program.

What does electricity cost in New York?

26.4¢/kWh on average. Above the national average of 16¢/kWh.

New York Heat Pump Costs by City

31 cities with local cost data.