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Supporting calculator

Heat Pump Savings Estimator

Use this estimator to compare current annual heating and cooling costs with a heat pump upgrade scenario for a U.S. home.

U.S.-focused assumptionsEditable calculator inputsPlanning estimate only

Estimate annual cost reduction

Compare current HVAC costs with a heat pump scenario to see how annual savings and payback timing change with rebates applied.

Best used when

You know your annual heating and cooling costs, have a rough install price, and want a quick view of how rebates change the recovery timeline.

Live resultsRebate-adjusted estimate

Simple payback

5.0 years

With annual savings of $1,400 and a net install cost of $7,000, this scenario shows how long a heat pump upgrade could take to recover its upfront cost.

Annual savings

$1,400

Current annual spend minus the upgrade scenario.

Net install cost

$7,000

Installation cost after estimated rebates.

Current annual cost

$3,200

Your baseline heating and cooling spend.

After-upgrade cost

$1,800

Your estimated annual cost after the switch.

Planning note

This simplified model focuses on annual operating savings and net install cost. It does not include financing, maintenance changes, fuel switching, or home-specific equipment performance.

Assumptions

What this estimate includes

  • Results are based on annual cost estimates, not a room-by-room HVAC load calculation.
  • Actual savings vary with climate, fuel type, insulation quality, and local utility rates.
  • The model uses a basic recovery-timeline approach and does not include financing costs or maintenance changes.