How much does a heat pump water heater cost?

Heat pump (hybrid) water heater installation runs $2,200 for a basic 50-gallon swap, $3,800 for a typical 65–80 gallon install with condensate routing, and $6,000+ for utility-rebate-qualifying premium models.

Quick price points (2026)

TierCostUnit
Low$2,200installed
Typical$3,800installed
High$6,000installed

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