Heat pump installation · Denver metro
What a good heat pump install looks like, and what it costs in Denver.
These are our own Denver installs, priced from our recent estimates. With Xcel gas, a heat pump with a new gas furnace costs most homeowners $14.8k–$18.2k out of pocket after rebates, $21k–$28k full price.
Photos from your phone are enough to start.
Dual fuel$14.8k–$18.2kout of pocket, $21k–$28k full priceDucted heat pump$15.3k–$19kout of pocket, $21k–$28k full priceDuctless$12.6k–$33.9kfull priceTypical prices
- Raised base, clear of snow
- Line set at the service valves
- Disconnect within sight of the unit
Typical installed prices in Denver, by system.
Dual fuel
A heat pump with a new gas furnace. The heat pump heats and cools, and the furnace takes the coldest nights.
Out of pocket$14.8k–$18.2k$21k–$28k full priceDucted heat pump
A heat pump on the furnace you keep, or on an electric air handler. The equipment brand moves this price the most.
Out of pocket$15.3k–$19k$21k–$28k full priceDuctless mini-split
Wall heads in the rooms and no ductwork, for one room or several.
Typical price$12.6k–$33.9k
Typical rebates with Xcel gas in the Denver metro, 2026: $7,975 on dual fuel, $7,750 on a ducted heat pump. Xcel electric-only homes get about half the Xcel part. Check the current amounts.
Current rebatesYour price moves with the size of the house, any duct changes, the electrical circuit and where the outdoor unit can sit.
Full cost guideHeat pumps are now most of the systems we install.
Dual fuel or all electricOur recent installs, inside the house and out.
Inside
Outside
Put the outdoor unit beside your house.
How much room does the outdoor unit need?Clearances for a Bosch IDS Ultra by a wall, in a corner or under a deck.
How does the outdoor unit connect to the furnace?A 3D model of a dual fuel system and an all-electric one.
Send a photo of your furnace and one of the outdoor unit.
Those two photos are usually enough for us to price your house before anyone comes out. We do the estimate and the install.
- The furnaceStep back so the ducts and pipes are in the shot.

- The outdoor unitGet the wall and any windows or fence near it.

Heat pump installation guides
Common questions
Can I keep my current furnace?
Often. If it is sound and its blower and controls work with the heat pump, it becomes the backup half of a dual fuel system. A photo of the furnace and its label usually tells.
Will I need a new electrical panel?
Not usually. A heat pump needs its own 240 V circuit and a disconnect. A panel upgrade comes up when the panel is full or an all-electric design adds heat strips.
What if I want to go all electric?
An air handler replaces the furnace, usually with electric heat strips as backup, and the heat pump is sized for the full winter load.
Is a mini-split a heat pump?
Almost always. Most mini-splits heat and cool. Check the model number for the rare cooling-only unit.











