Basic
$2,312 – $4,129 each
50-gallon ENERGY STAR heat pump water heater, condensate line, new supply connectors and T&P discharge, old tank hauled away
How Much Does Energy Efficient Water Heater Cost in Indianapolis, Indiana?
Install an ENERGY STAR heat pump (hybrid) water heater, about 50-65 gallons, replacing an existing tank; excludes rebates.
Energy Efficient Water Heater in Indianapolis, Indiana typically costs $2,720 to $4,858 each as of 2026. Prices reflect local labor and material rates. Use our calculator below for a detailed, ZIP-code-adjusted estimate.
Energy Efficient Water Heater in Indianapolis, Indiana
$2,720 – $4,858
eachPrices in Indianapolis are 1.0% lower than the national average for energy efficient water heater.
National average: $2,800 – $5,000 each
What you get at each price level
Standard
$2,720 – $4,858 each
50-gallon ENERGY STAR heat pump water heater with a higher efficiency rating, Wi-Fi mode control, drain pan and condensate line
Premium
$3,400 – $6,072 each
50-gallon ENERGY STAR heat pump water heater with top efficiency rating, quieter compressor, leak alert and auto shutoff valve, drain pan
Cost Breakdown in Indianapolis
| Component | Category | Price Range | Unit |
|---|---|---|---|
| Materials | material | $1,184 – $2,115 | each |
| Labor | labor | $1,009 – $1,803 | each |
| Supplies & Other | supplies | $316 – $564 | each |
| Equipment & Disposal | equipment | $211 – $376 | each |
Prices adjusted for Indianapolis local market conditions.
Cost Factors in Indianapolis, Indiana
What Affects Pricing
- Materials ($1,260.00-$2,250.00 per unit)
- Labor ($980.00-$1,750.00 per unit)
- Supplies & Other ($336.00-$600.00 per unit)
- Equipment & Disposal ($224.00-$400.00 per unit)
Local Price Adjustments
Material costs6.0% below avg
Labor costs3.0% above avg
Labor costs in Indianapolis run proportionally higher than materials, which may favor material-heavy solutions.
Frequently Asked Questions
References
- Home Depot: Cost to Replace a Water Heater, The Home Depot, retrieved Nov 2026
- Rewiring America: Heat Pump Water Heater Cost, homes.rewiringamerica.org, retrieved Nov 2026
- Construction wages by metro and rural area, used for the labor adjustment by ZIP code, U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
- Regional price parities for goods, used for the materials adjustment by ZIP code, U.S. Bureau of Economic Analysis, 2024
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