I live in Canada. I paid $13,900 for a heat pump. That includes the installation, removal of my natural gas furnace, and the engineering inspections. I got a $6,300 rebate from the Federal government. I got a $6,300 rebate from the provincial government. So all in I only paid $1,300 out of pocket. In the summer especially I save about $250 per month using the heat pump instead of the multiple portable AC's we had. Its paid for itself in under a year for sure.

It was a lot of work to get. Tons of HVAC companies I called told me heat pumps don't work in our climate. That's not true. The heat pump I have works till -30 c which never happens here. They insisted on installing a natural gas furnace and a Central AC. One of them quoted me $26,000 for a heat pump that was so inefficient it didn't qualify for any rebates. Multiple other HVAC companies just didn't respond when I insisted on a heat pump. NEEP's heat pump list was very helpful in fact checking the stuff they told me. I finally found a small one man shop who was awesome but it took a lot of hard searching.

Getting the rebate was also a big ordeal. I had to pay for everything upfront. I researched the rebate process and made sure to have all the paperwork lined up. I had to get an engineering inspection of the house done before and after so I could compare the reports to prove my carbon footprint improved. If you accidentally get the heat pump installed without doing the before inspection you don't qualify. Even with all my paperwork it took 7 months to get the final rebate. Multiple times they called me saying I hadn't submitted a required report. I had everything on file and would just resubmit what they were looking for. I've spent many hours waiting on hold. Its pretty clear they are trying to save money through being inefficient.

It is worth it in the end. I'm very happy with the heat pump. The process is not easy. I imagine most people would just accept the HVAC companies recommendation and get not get a heat pump which is unfortunate.