Geothermal Costs & Pricing

North American planning library

Geothermal Heat Pump Costs & Pricing

Start with the guide for your location. Each page separates a useful planning number from the site, loop, permit and incentive details that determine a real installed quote.

Updated for 2026Primary-source citationsCanadian amounts shown in CADNo signup required

United States cost guide

A full national baseline covering system size, loop types, incentives and payback.

Featured 2026 guideGeothermal heat-pump cost, incentives and payback

Compare installed costs by system size and loop type, then test the assumptions against current incentives and complete quotes.

United States cost guides

State-specific programs, drilling rules and quote requirements checked for 2026.

Michigan

2026
Up to $8,000*

National cost bracket, MiHER eligibility, mechanical permits and open- versus closed-loop rules.

Read the Michigan guide →

Virginia

2026
Rebate not open

Regional cost drivers, proposed-program status and the state's express geothermal well permit.

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Minnesota

2026
$4,000 pending*

Cold-climate design, not-yet-launched rebate, state permit fees and water-use rules.

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Maryland

2026
$3,000 closed

State four-ton cost reference, final rebate closure, tax treatment and well permits.

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Wisconsin

2026
$750–$1,000

Official state cost reference, Focus on Energy offer and DNR drilling requirements.

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Massachusetts

2026
$13,500

Mass Save cost data and rebates, income-based support, well rules and net-cost planning.

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Ohio

2026
$20K–$40K

Current Ohio cost evidence, health-district rules, contractor registration and complete quote scope.

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Pennsylvania

2026
$30K–$60K

Official state cost research, current rebate status, licensed drilling and local permit planning.

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Indiana

2026
Up to $8,000*

Local installation range, Energy Saver eligibility, deduction repeal and licensed drilling.

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Iowa

2026
10-year exemption*

Iowa cost evidence, added-value property-tax treatment, drilling certification and permits.

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North Carolina

2026
Up to $8,000*

Local starting cost, Energy Saver approval limits and open- versus closed-loop rules.

Read the North Carolina guide →

California

2026
Up to $8,000*

Income-qualified HEEHRA, regional funds, C-57 drilling and local well permits.

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Washington

2026
72-hour notice

National planning range, no verified statewide rebate, drilling fees and tax limits.

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Oregon

2026
Up to $2,000*

HP3 funding limits, current reservation status, regulated borings and permit closeout.

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New York

2026
$35K–$60K

Current cost evidence, utility rebates, the $10,000 state tax-credit cap and drilling rules.

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New Jersey

2026
$25K–$55K

Incentives by existing fuel, well rules and complete quote requirements.

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Connecticut

2026
$1,500/ton

Official $30K–$75K range, rebate timing and water-discharge rules.

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Illinois

2026
$10K–$40K

Official cost evidence, current incentive status and closed-loop permits.

Read the Illinois guide →

Colorado

2026
$25K–$50K

Registered-contractor discount, well rules and mountain cost drivers.

Read the Colorado guide →

*Published maximum or pending formula, not a guaranteed award. Confirm written eligibility before purchase or installation.

Canadian provincial cost guides

Official program amounts, local approvals and quote requirements vary by province.

Build a planning estimate for your property

Enter the home size, climate zone, current fuel and loop assumptions. Use the result to organize questions—not as a substitute for a load calculation and site design.

Use the free cost estimator →

Compare complete quotes—not headline prices

  • Use the same written heating and cooling load for every bidder.
  • Require the loop type, length, bore or trench quantities and design temperatures.
  • Separate equipment, drilling, electrical, distribution, permits and restoration.
  • Show incentives, owner balance, financing and tax as separate lines.
  • Get at least three comparable written proposals and verify every exclusion.
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