Cities / New Mexico / Albuquerque
Heat Pump Cost in Albuquerque, NM (2026)
A 3-ton heat pump, installed, before rebates
$7,450to$19,250
From a public baseline. How prices are made.
The low and the high are the spread of equipment and labor in the public baseline for a 3-ton heat pump in 2026.
New Mexico Rebates in 2026
Enrollment for 2026 is open. Open while rebate funds are available for this program.
PNM pays $550 on a ducted heat pump at SEER 14 and HSPF 8.2 on the linked cooling rebate form.. After the rebate the typical price for a 3-ton heat pump is $12,800. Checked October 22, 2026. How to apply.
| Equipment | Minimum efficiency | Rebate |
|---|---|---|
| Split Air Source Heat Pump | SEER 14 and HSPF 8.2 on the linked cooling rebate form. | $550 per system |
| Packaged Air Source Heat Pump | SEER 14 and HSPF 8 on the linked cooling rebate form. | $550 per system |
| Air Conditioning Early Replacement | Replace equipment rated SEER 13 or less. The complete replacement system must qualify. | $250 per system |
Every Program a Albuquerque Homeowner Can Use
- Federal 25C credit gives no credit for a 2026 install. Ended.
- Space Heating pays up to $625 per furnace. Open now.
- Home Energy Checkup pays up to $550 per system. Open now.
- Energy Conserving Products (ECP) pays up to $2,000 per product installed. Open now.
- Geothermal Ground Heat Pump Tax Credit pays an amount set per project. Open now.
- HEAR pays up to $8,000 per system. Paused.
- PNM Power Saver pays up to $25 per enrollment. Open now.
- PNM Smart Thermostat Rebate pays up to $50 per thermostat. Open now.
What It Costs
All 7 systems, low to high
| System | Low | Typical | High | Range drawn |
|---|---|---|---|---|
| Heat pump, ducted | ||||
| 2-ton heat pump 15 SEER | $6,500 | $11,750 | $17,000 | |
| 3-ton heat pump 15 SEER | $7,450 | $13,350 | $19,250 | |
| 4-ton heat pump 15 SEER | $8,400 | $14,950 | $21,500 | |
| 5-ton heat pump 15 SEER | $9,400 | $16,550 | $23,700 | |
| Other systems | ||||
| Central AC only, 3 ton 16 SEER | $4,150 | $6,900 | $9,700 | |
| Gas furnace only, 80,000 BTU 95% AFUE | $3,750 | $4,050 | $4,800 | |
| Mini-split, one zone, 12,000 BTU 20 SEER | $4,500 | $7,500 | $10,500 | |
Sources today: public baseline: NREL National Residential Efficiency Measures Database, 2024 release (read via hvacbase.org, 2026-10-19). Two more sources join as they arrive: Verified contractor ranges and homeowner-reported quotes. 2023 dollars, national. No metro factor is applied in this version. This city publishes no machine-readable permit feed, so no permit facts print. How prices are made.
Common Questions
How much does a 3-ton heat pump cost installed in Albuquerque?
The installed range is $7,450 to $19,250, with a typical price of $13,350. This is the national public baseline in 2023 dollars. After the rebate the typical price for a 3-ton heat pump is $12,800.
What does the PNM heat pump rebate pay in 2026?
$550 per ducted heat pump at SEER 14 and HSPF 8.2 on the linked cooling rebate form., through Home Energy Checkup. A central AC at Replace equipment rated SEER 13 or less. The complete replacement system must qualify. gets $250. Open while rebate funds are available for this program.
Is the federal heat pump tax credit still available?
The IRS allows the credit for property placed in service before December 31, 2025. A heat pump installed in 2026 gets no federal credit. The utility rebate is the money on the table in 2026.
What do the other systems cost in Albuquerque?
A gas furnace runs $3,750 to $4,800, typical $4,050. A 3-ton central air conditioner runs $4,150 to $9,700, typical $6,900. A one-zone mini-split runs $4,500 to $10,500, typical $7,500. Each range is installed, before rebates.
What size and efficiency does the heat pump range assume?
The range is for the table row "3-ton heat pump" at 15 SEER. The table on this page lists 7 systems from low to high, each with its own size and efficiency.
Contractors in Albuquerque
A Verified contractor is one that published its terms here.
Range quarter 2026-Q4, updated October 22, 2026. Last change: First pages: furnace, AC and heat pump ranges from the public baseline, and the state programs read from each provider. Changelog. Source page: https://hvacvisit.com/new-mexico/albuquerque/heat-pump-cost. Cite a range with a link to the page it is on. Do not republish a page, a table or a dataset in full.