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Heat Pump Cost in Keene, New Hampshire

Local pricing, rebates, and heating savings data for Keene homeowners.

$3,326

Annual Savings

4.7 yrs

Payback Period

$15,500

Net Cost

$48,217

15-Year Savings

Heat Pumps in Keene: What Homeowners Should Know

Keene has roughly 7,884 heating degree days a year, a very cold climate that determines how hard a heat pump works each winter. A typical 2,000 sq ft home here needs about a 5-ton system, installed for around $17,000 — or about $15,500 after the local rebate of up to $1,500.

Swapping electric-resistance heat for a heat pump in Keene cuts heating costs from about $6,098 to $2,772 a year — a saving of roughly $3,326 annually at the local electricity rate of $0.220/kWh, and an estimated $48,217 over 15 years. Savings are even larger if you currently heat with propane or oil. Note: the federal 25C heat-pump tax credit expired at the end of 2025, but New Hampshire rebates and the income-qualified HEEHRA program (up to $8,000) can still bring the cost down. The local utility is Eversource NH.

Cost & Savings Breakdown

2,000 sq ft home switching from electric resistance in Keene

System Size

~5 tons

Installed Cost

$17,000

State/Utility Rebate

-$1,500

Net Cost

$15,500

Current Heating Cost/yr

$6,098

Heat Pump Cost/yr

$2,772

Annual Savings

$3,326

CO₂ Avoided/yr

12,852 lbs

15-Year Savings Projection

Available Rebates

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 (income-qualified) — Households at or below 150% of area median income can get up to $8,000 toward a heat pump.

Federal 25C Credit — The $2,000 federal heat-pump tax credit expired Dec 31, 2025.

View all New Hampshire rebates →

Choosing a Heat Pump Installer in Keene

1.Get at least 3 quotes. Prices in New Hampshire vary widely — comparing bids on the same ~5-ton system is the fastest way to avoid overpaying.
2.Insist on a Manual J load calculation. Proper sizing for Keene's 7,884 heating degree days is the single biggest factor in comfort and efficiency.
3.Choose a cold-climate (ccASHP) unit. Look for a strong HSPF2 rating and a 10-year compressor warranty.
4.Ask about rebate paperwork. Good installers handle New Hampshire rebate and HEEHRA applications for you.

Common Questions

How much does a heat pump cost in Keene?

A whole-home heat pump in Keene, New Hampshire costs approximately $17,000 installed, or about $15,500 after the state/utility rebate of up to $1,500. The federal 25C tax credit expired December 31, 2025.

How much can a heat pump save in Keene?

A typical Keene home switching from electric-resistance heat saves about $3,326 per year — roughly $48,217 over 15 years — with a payback of about 4.7 years. Savings are even larger versus propane or heating oil.

What size heat pump do I need in Keene?

A typical 2,000 sq ft home in Keene needs roughly a 5-ton heat pump, given the local climate of 7,884 heating degree days. A Manual J load calculation from your installer will confirm the exact size.

Do heat pumps work in Keene's climate?

Yes. With 7,884 heating degree days, Keene is a very cold climate. A cold-climate heat pump is recommended here — modern units maintain efficient heating well below 0°F.