Estimated Savings for a Typical New Hampshire Home
2,000 sq ft home switching from electric-resistance heating
Installed Cost
$17,000
State Rebate
-$1,500
Net Cost
$15,500
Current Heating Cost/yr
$5,595
Heat Pump Cost/yr
$2,543
Annual Savings
$3,052
Payback Period
5.1 yrs
15-Year Savings
$42,961
CO₂ Avoided/yr
11,900 lbs
New Hampshire Heat Pump Rebates
✕
Federal 25C Tax Credit (Expired Dec 31, 2025)
The federal Energy Efficient Home Improvement Credit (up to $2,000 for heat pumps) ended December 31, 2025. Heat pumps installed in 2026 do not qualify for it.
Up to $1,500
New Hampshire State/Utility Rebate
NHSaves offers heat-pump rebates of roughly $1,500 for qualifying cold-climate systems.
Up to $8,000
HEEHRA Federal Rebate (Income-Qualified)
Households at or below 150% of area median income can receive up to $8,000 toward a heat pump through the federal HEEHRA program, administered by New Hampshire. View full rebate detail →
Heat Pump Costs by City in New Hampshire
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Manchester | $3,336 | 4.6 | 115,644 | Eversource NH |
| Nashua | $3,203 | 4.8 | 91,322 | Eversource NH |
| Concord | $3,354 | 4.6 | 43,627 | Eversource NH |
| Derry | $3,035 | 5.1 | 34,317 | Eversource NH |
| Rochester | $3,497 | 4.4 | 31,822 | Eversource NH |
| Dover | $3,286 | 4.7 | 31,208 | Eversource NH |
| Merrimack | $3,411 | 4.5 | 27,333 | Eversource NH |
| Hudson | $3,156 | 4.9 | 24,657 | Eversource NH |
| Londonderry | $3,529 | 4.4 | 24,129 | Eversource NH |
| Keene | $3,326 | 4.7 | 23,409 | Eversource NH |
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Quick Facts: New Hampshire
- 🌡️ Climate: Very Cold (7,300 HDD)
- ⚡ Avg electricity: $0.218/kWh
- 🔥 Natural gas: $2.20/therm
- 🏭 Top utility: Eversource NH