Heat pump payback calculator

Every field is yours to fill. The tool does not invent quotes, tariffs or rebates: it only does the arithmetic on numbers you enter, and it will only pull an incentive from our verified dataset.

Installed cost you were quoted

Verified incentive (leave as manual unless your program is active)

Incentive amount (same currency as quote)

Current annual heating/cooling cost

Expected share of that bill removed (%)

Extra annual maintenance vs current system

—Enter a quote and a current fuel bill to see net cost, annual saving and simple payback.

Simple payback only. It excludes financing, inflation, tariff changes, equipment replacement before the payback point, and any backup-heating runtime in cold climates. Use it to compare options, not to guarantee a return.

How to read the result

Under about 8 years, a heat pump usually clears the hurdle even if incentives move. Between 8 and 15 years, the decision depends on what you would otherwise spend replacing your current system. Over 15 years, look hard at insulation and air sealing first — those are usually cheaper per unit of energy saved.

Status check

The payback bands above are an editorial rule of thumb, not a market price. Replace them with your own sourced figures before you point readers at any state or province page.