Want to make the transition to a climate-friendly home, but not sure where to start? Get Your Electrification Roadmap®

How Much Should Your Heat Pump Really Cost?

We’ve seen it – and been through it – countless times. You want a heat pump, contact eight different contractors, half of them won’t install heat pumps, and the other half give you quotes that vary by thousands of dollars, likely without the rebates or incentives factored in that can substantially reduce the cost. It’s overwhelming, and leaves you feeling uncertain about what to do next.

We’re here to change that, and make transitioning to a climate-friendly home easy. That’s why we built a new tool: a free calculator that estimates the upfront and operating costs of installing a heat pump or heat pump water heater in minutes. It’s designed to take the guesswork out of the process, giving you clear, straightforward pricing to help you budget for electrifying your home and understand what to expect – no surprises, just transparency.

How It Works

Our calculator simplifies what would otherwise be a long, complicated process. Instead of asking you for tons of technical details, we ask you a few simple questions like your square footage, ductwork, and weather sealing and take over with our expertise in heat pumps from there.

How We Built It

We didn’t just guess at the numbers. Our team drew from the extensive database of heat pump installations we’ve completed in Colorado and Massachusetts over the last two years. We use real data from homes similar to yours – factoring in house size, heating needs, and even local temperature history to provide the most accurate estimate possible without talking to you first.

Let’s break it down:

  1. Sizing Your Home: We’ve built the calculator using our expertise in building science and system sizing. Your home is matched to one of our 800+ completed installs, with careful attention paid to square footage and heating needs.
  2. Energy Usage: We use a simplified home heating model to estimate how much energy is needed to keep your home comfortable at last year’s daily temperatures, and then to get accurate costs for energy usage. Our tool integrates with local weather data and adjusts based on specific conditions, like whether you’re at a higher elevation or experiencing extreme temperatures.
  3. Rebates and Incentives: The calculator also pulls in all available rebates and incentives for you – including tax credits and income-based incentives. We make sure to show you the maximum savings you may qualify for, taking the hassle out of finding these benefits yourself.
  4. Assumptions: While we’d love to give you an error-free quote down to the dollar without talking to you, technology isn’t quite there yet. The calculator was built on standard assumptions like your floor height, insulation quality, how many windows you have, and the efficiency rating of your existing furnace.

Let’s be real. Heat pumps aren’t cheap, and neither is your time. That’s why we built this calculator: to save you hours of research and back-and-forth with contractors, so you can have a general understanding of what home electrification should cost you.

Ready to start your home electrification journey?

Boston Homeowners Go Fully Electric, Starting With a Heat Pump

Ayla and Otto Maher, enjoying their newly-installed Mitsubishi cold climate heat pump.

It started with freezing rooms. Then an oil tank leak. Then countless contractors who said heat pumps won’t work (and boy, were they wrong).

Breaking Up With Fossil Fuels

Tim, a high school math teacher, and Amelia, a public health researcher at Boston University, purchased their home in 2017. The house, which “hadn’t had a lot of love recently,” was a fixer-upper, and the couple, with the help of Tim’s handy dad, tackled various DIY projects. However, it wasn’t until things started breaking down that they seriously considered updating in a bigger way.

“Our oil tank started leaking,” Tim recalls. “That was the impetus to change.” The couple decided to take a leap and fully electrify their home, starting with the installation of a heat pump in mid-2023.

When Tim and Amelia contacted their local contractors and HVAC professionals about installing heat pumps, they were met with serious doubt about heat pumps even working in Boston (and cold climates in general). Luckily, we were there to swoop in and show them the magic of heat pumps – through rain, shine, snow, and ice.

The Heat Pump Effect

After working with Elephant Energy to install their heat pump, Tim and Amelia immediately noticed the perks of breaking up with fossil fuels – both in comfort and efficiency. “The precision of control is something that has been super nice,” Tim explains. “When we were on our oil furnace, there were rooms that were freezing and rooms that were boiling. It felt like you had to change clothes just to move to a different part of the house. Now, each room is exactly the temperature you want it to be.”

What can we say, heat pumps make quite the impression! Shortly after the couple installed their heat pump, they decided to fully electrify their home. They started by replacing their broken water heater with a heat pump water heater, followed by an EV charger and an induction stove.

The Elephant Difference

In Massachusetts, incentives and rebates play a key role in making home electrification affordable and accessible. Tim and Amelia were able to save $10,000 upfront and $2,000 in tax credits, thanks to Mass Save® and the Inflation Reduction Act (IRA). 

“The help with the incentives was key. When buying our EV, it felt like there were incentives we were missing out on and we would have to find them ourselves. With Elephant, they worked with us to make sure we got all the Mass Save money”.

Tim and Amelia’s electrification journey is a great example of how switching to sustainable home energy solutions is possible even in cold climates like Boston. Their journey shows that with the right support, you can enjoy a comfortable, efficient, and climate-friendly home.

Interested in starting your home electrification journey?