How Much Does It Cost to Repair or Replace a Heat Pump in 2024?

When it comes to maintaining your home’s comfort, a well-functioning heat pump is essential. However, like any mechanical system, heat pumps can experience issues that require repair or even replacement. In this article, we’ll explore the costs associated with heat pump repair and replacement in 2024.

Heat Pump Repair Costs

The average cost to repair a heat pump ranges from $160 to $651, with an average of $405. The exact cost depends on the type of heat pump and the extent of the damage. Minor repairs, such as recharging the refrigerant, can cost as little as $100, while major component replacements, like a heat pump compressor, can cost up to $5,000.

Some common heat pump repair issues and their associated costs include:

Thermostat repairs: $100 to $300 on average
Heat pump not turning on: $150 to $400 on average
Heat pump not defrosting: $90 to $650 on average
Condenser replacement: $300 to $5,000

Cost of a Heat Pump Replacement

The cost of a heat pump replacement can range between $4,900 and $15,000, including labor and fees. This range covers a variety of system sizes and levels of sophistication, including variable-capacity heat pump systems.

Several factors can affect the price of your heat pump replacement, such as:

Capacity/power of the system
Efficiency
The HVAC equipment that you’re not replacing
Modifications to your existing system
Line set protection
Installation costs
Tax credits and rebates

Typical heat pump replacement costs are as follows:

Entry-level heat pump: $4,900 – $7,000
Mid-range heat pump: $5,500 – $10,000
High-end heat pump: $9,000 – $15,000

To help offset the cost of a heat pump replacement, be sure to ask your HVAC contractor about available rebates and tax credits from manufacturers, local utility companies, and the government.