⚠️ The federal clean-energy tax credits were rolled back in 2026 (solar/battery credits ended Dec 31, 2025; the EV-charger credit June 30, 2026). State & utility rebates are now the main savings.
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Heat Pump Cost in Madison, Wisconsin

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

$2,728
Annual Savings
5.9 yrs
Payback Period
$16,000
Net Cost
$36,256
15-Year Savings

Heat Pumps in Madison: What Homeowners Should Know

Madison has roughly 7,947 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 $16,000 after the local rebate of up to $1,000.

Swapping electric-resistance heat for a heat pump in Madison cuts heating costs from about $5,002 to $2,273 a year — a saving of roughly $2,728 annually at the local electricity rate of $0.179/kWh, and an estimated $36,256 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 Wisconsin rebates and the income-qualified HEEHRA program (up to $8,000) can still bring the cost down. The local utility is Madison Gas & Electric.

Cost & Savings Breakdown

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

System Size
~5 tons
Installed Cost
$17,000
State/Utility Rebate
-$1,000
Net Cost
$16,000
Current Heating Cost/yr
$5,002
Heat Pump Cost/yr
$2,273
Annual Savings
$2,728
CO₂ Avoided/yr
12,955 lbs

15-Year Savings Projection

-$13k$-890$11k$24k$36kBreakeven yr 6yr 1yr 5yr 10yr 15yr 20yr 25

Available Rebates

Up to $1,000
Wisconsin State/Utility RebateWisconsin's Focus on Energy offers heat-pump rebates up to roughly $1,000.
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 Wisconsin rebates →

Choosing a Heat Pump Installer in Madison

  • 1.Get at least 3 quotes. Prices in Wisconsin 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 Madison's 7,947 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 Wisconsin rebate and HEEHRA applications for you.

Common Questions

How much does a heat pump cost in Madison?

A whole-home heat pump in Madison, Wisconsin costs approximately $17,000 installed, or about $16,000 after the state/utility rebate of up to $1,000. The federal 25C tax credit expired December 31, 2025.

How much can a heat pump save in Madison?

A typical Madison home switching from electric-resistance heat saves about $2,728 per year — roughly $36,256 over 15 years — with a payback of about 5.9 years. Savings are even larger versus propane or heating oil.

What size heat pump do I need in Madison?

A typical 2,000 sq ft home in Madison needs roughly a 5-ton heat pump, given the local climate of 7,947 heating degree days. A Manual J load calculation from your installer will confirm the exact size.

Do heat pumps work in Madison's climate?

Yes. With 7,947 heating degree days, Madison is a very cold climate. A cold-climate heat pump is recommended here — modern units maintain efficient heating well below 0°F.

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Planning other home-energy upgrades?

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