Cities / New Mexico / Farmington
Heat Pump Cost in Farmington, 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. New Mexicans are now eligible for a tax credit for energy efficiency and electrification measures they install in their existing homes.
New Mexico Energy, Minerals and Natural Resources Department pays $1,000 per product installed on a ducted heat pump at ENERGY STAR or equivalent local performance, non-low-income taxpayer.. Checked October 22, 2026. How to apply.
| Equipment | Minimum efficiency | Rebate |
|---|---|---|
| Air-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Air-source heat pump | ENERGY STAR or equivalent local performance; affordable housing or low-income taxpayer. | $2,000 per product installed |
| Ground-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Ground-source heat pump | ENERGY STAR or equivalent local performance; affordable housing or low-income taxpayer. | $2,000 per product installed |
| Unducted mini-split air-source heat pump | ENERGY STAR or equivalent local performance; non-low-income taxpayer. | $1,000 per product installed |
| Unducted mini-split air-source heat pump | ENERGY STAR or equivalent local performance; low-income taxpayer. | $2,000 per product installed |
Every Program a Farmington Homeowner Can Use
- Federal 25C credit gives no credit for a 2026 install. Ended.
- 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.
- Energy Conserving Products (ECP) pays up to $2,000 per product installed. Open now.
- Geothermal Ground Heat Pump Tax Credit pays up to $9,000 per system. Open now.
What It Costs
All 7 systems, low to high
| System | Low | Typical | High | Range drawn |
|---|---|---|---|---|
| Central AC and gas furnace | ||||
| 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 | |
| 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 | |
| Mini-split | ||||
| 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 Farmington?
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.
What does the New Mexico Energy, Minerals and Natural Resources Department heat pump rebate pay in 2026?
$1,000 per product installed at ENERGY STAR or equivalent local performance, non-low-income taxpayer., through Energy Conserving Products (ECP). Open. New Mexicans are now eligible for a tax credit for energy efficiency and electrification measures they install in their existing homes.
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 Farmington?
A 3-ton central air conditioner runs $4,150 to $9,700, typical $6,900. A gas furnace runs $3,750 to $4,800, typical $4,050. 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 Farmington
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/farmington/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.