Basic
$2,064 – $4,955 each
65-gallon hybrid heat pump water heater, condensate drain, new connectors and T&P discharge, old tank hauled away
How Much Does Heat Pump Water Heater Cost in Indianapolis, Indiana?
Install one 50-80 gallon hybrid heat pump water heater replacing an existing tank, including condensate drain, connections and haul-away; panel upgrades excluded.
Heat Pump Water Heater in Indianapolis, Indiana typically costs $2,429 to $5,829 each as of 2026. Prices reflect local labor and material rates. Use our calculator below for a detailed, ZIP-code-adjusted estimate.
Heat Pump Water Heater in Indianapolis, Indiana
$2,429 – $5,829
eachPrices in Indianapolis are 1.0% lower than the national average for heat pump water heater.
National average: $2,500 – $6,000 each
What you get at each price level
Standard
$2,429 – $5,829 each
65-gallon hybrid heat pump water heater with higher efficiency, Wi-Fi mode control, drain pan and condensate drain
Premium
$3,036 – $7,286 each
65-gallon high-efficiency hybrid unit with quieter compressor, leak detection and auto shutoff valve, drain pan
Cost Breakdown in Indianapolis
| Component | Category | Price Range | Unit |
|---|---|---|---|
| Materials | material | $1,058 – $2,538 | each |
| Labor | labor | $901 – $2,163 | each |
| Supplies & Other | supplies | $282 – $677 | each |
| Equipment & Disposal | equipment | $188 – $451 | each |
Prices adjusted for Indianapolis local market conditions.
Cost Factors in Indianapolis, Indiana
What Affects Pricing
- Materials ($1125-$2700 per unit)
- Labor ($875-$2100 per unit)
- Supplies & Other ($2500-$6000 per unit)
- Equipment & Disposal ($2500-$6000 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
- Heat Pump Water Heater Installation Cost - Costadia, costadia.com, retrieved Nov 2026
- Heat Pump Water Heater Cost Guide - Rheem, Rheem, retrieved Nov 2026
- What Goes into the Cost of Installing a HPWH - ENERGY STAR, ENERGY STAR, 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
Get Free Estimates in Indianapolis
Connect with local heat pump water heater contractors in Indianapolis for personalized quotes based on your specific project.