Heat Pump Cost in Vermont 2026
A whole-home ducted heat pump costs $6,600–$11,020 installed in Vermont in 2026, and the cold-climate unit this state actually needs runs $8,660–$15,100. Vermont is the oil-and-propane state — 58 percent of homes heat with delivered fuel and only 18 percent with piped gas — so the heat pump question here is really a fuel question: against heating oil at $6.09 a gallon, a heat pump wins by about $700 a year; against piped gas at $1.74 a therm, it loses by about $750. Electricity is dear here, 23.9 cents a kilowatt-hour, the 12th-highest in the country, and that price is what makes the running-cost math so tight. What Vermont gives back is the strongest rebate stack in this series: Efficiency Vermont pays up to $2,200 on a ducted system, Green Mountain Power adds up to $2,000 more for income-eligible households, and Burlington Electric runs its own program worth up to $7,950. The federal credit is $0 and the federal HEAR rebate has never launched in Vermont. This guide prices every system from one mini-split head to geothermal, compares four cities, works the oil, propane, gas and electric sums on one planning home, and is blunt about the one price swing — heating oil — that can flip the verdict in a single winter.