The answer to 'how much does heat pump cost' is that the cost of a heat pump can vary widely depending on several factors. Generally, a new heat pump system for a typical home can range from $3,000 to $10,000 or more, including installation. The exact cost will depend on the size and efficiency of the unit, the complexity of the installation, and your local market conditions.
Factors that influence the cost of a heat pump include the unit's SEER (Seasonal Energy Efficiency Ratio) rating, the size of your home, the type of ductwork required, and any necessary electrical or structural modifications. Higher-efficiency models and larger homes will typically have higher price tags. Installation costs can also vary based on the complexity of the job and your local HVAC contractor rates.