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According to Angi and HomeAdvisor, the national average cost to install a geothermal heat pump is $12,708, falling within a typical range of $2,199 and $21,480.
A geothermal heat pump costs $15,000 to $35,000 and provides heating and cooling 25% to 65% cheaper than other HVAC options. However, the high upfront costs and $150 to $350 in annual maintenance isn't worth it to some homeowners.
The total cost of installation for a geothermal heat pump system depends on a number of factors, from the type of ground loop you install to your heating and cooling needs, and ultimately to the geology of your property.
The average cost of a geothermal heating and cooling system is $24,500, but costs depend on the system, ground conditions, heat pump type, system size and type and location.
The cost of a geothermal heat pump can vary drastically, from $4,541 to $26,579, depending on home size, whether you want a closed-loop or an open-loop system, the necessary capacity, the brand, and your geographic location.
But what’s the price tag? The average cost of a geothermal system ranges from $12,000 to $30,000 for a typical home. Larger or more complex systems can range from $30,000 to $45,000. Some high-end installations may even reach $50,000 or more.
Geothermal heat pump installation ranges from $2,236 and $4,574, averaging $3,392 in total. Labor represents between 50% and 70% of total installation costs. Excavation, soil testing, and other site preparation can add between $5,000 and $15,000 to the final cost.