Heat Pump Cost in Tennessee 2026
A whole-home ducted heat pump costs $7,000–$13,000 installed in Tennessee in 2026, with a typical job landing near $9,800. Tennessee is one of the cheapest states in America to run a heat pump — electricity averages 13.6 cents per kWh, the 8th lowest in the country — but it is also one of the cheapest states to run a gas furnace, because Tennessee gas costs about $1.29 a therm. This guide prices every system type from a single mini-split zone to geothermal, compares Nashville, Memphis, Knoxville, and Chattanooga, explains the TVA EnergyRight rebates you can collect today, and is blunt about the federal money that does not exist yet: the tax credit is $0, and Tennessee’s HEAR rebate program has not launched.