Heat Pump Cost in Portland, OR (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.
Oregon Rebates in 2026
Enrollment for 2026 is open. Open. “We offer cash back to you or your customers for installing energy-saving improvements” in existing homes.
Energy Trust of Oregon pays $1,000 on a ducted heat pump at HSPF2 7.50 or greater. Replaces an electric forced-air furnace. No gas backup.. After the rebate the typical price for a 3-ton heat pump is $12,350. Checked October 22, 2026. How to apply.
| Equipment | Minimum efficiency | Rebate |
|---|---|---|
| Ducted heat pump — owner-occupied home | HSPF2 7.50 or greater. Replaces an electric forced-air furnace. No gas backup. | $1,000 per system |
| Ducted heat pump — rental or Savings Within Reach | HSPF2 7.50 or greater. Replaces an electric forced-air furnace. No gas backup. | $3,000 per system |
| Extended capacity heat pump — owner-occupied home | Central ducted system meeting CEE Tier 1 Path A. Traditional air handler. No gas backup. | $1,000 per system |
| Extended capacity heat pump — rental or Savings Within Reach | Central ducted system meeting CEE Tier 1 Path A. Traditional air handler. No gas backup. | $2,000 per system |
| Ductless heat pump — owner-occupied home | HSPF2 8.10 or greater. Replaces electric resistance heating in the main living space. | $800 per residence |
| Ductless heat pump — rental or Savings Within Reach | HSPF2 8.10 or greater. Replaces electric resistance heating in the main living space. | $1,800 per residence |
Every Program a Portland Homeowner Can Use
- Federal 25C credit gives no credit for a 2026 install. Ended.
- Home Retrofit pays up to $3,000 per system. Open now.
- No-Cost Heat Pump Offer pays up to $15,000 per home. Open now.
- Community Heat Pump Deployment Program pays up to $7,000 per home. Open now.
- HEAR has not published its amounts yet. Not open yet.
- Oregon Heat Pump Purchase Program pays up to $2,000 per residence. Closed for 2026.
- Oregon Rental Home Heat Pump Program pays up to $5,000 per dwelling unit. Closed for 2026.
- High-Efficiency Heat Pumps pays up to $200 per system. Open now.
- Smart Thermostat Program pays up to $25 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 Portland?
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 $12,350.
What does the Energy Trust of Oregon heat pump rebate pay in 2026?
$1,000 per ducted heat pump at HSPF2 7.50 or greater. Replaces an electric forced-air furnace. No gas backup., through Home Retrofit. Open. “We offer cash back to you or your customers for installing energy-saving improvements” in 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 Portland?
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 Portland
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/oregon/portland/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.