Heat Pump Installation cost: Memphis vs New South Memphis (2026)
There's essentially no price gap here: heat pump installation runs close to $9,250 in both Memphis and New South Memphis in 2026.
Memphis TN
Typically around $9,250
New South Memphis TN
Typically around $9,250
Memphis vs New South Memphis: full breakdown
| Factor | Memphis | New South Memphis |
|---|---|---|
| Typical 2026 cost | $9,250 | $9,250 |
| Estimated range | $6,550–$11,950 | $6,550–$11,950 |
| Labor index (vs US) | ×0.96 | ×0.96 |
| Climate zone | Mixed | Mixed |
| Climate factor | ×1.02 | ×1.02 |
| Local permit | $200 | $200 |
| Labor share | $5,550 | $5,550 |
| Materials/equipment | $3,700 | $3,700 |
These are 2026 planning figures for heat pump installation, localized to each city — not formal quotes.
No real cost edge either way
This is a statistical tie on heat pump installation cost, so let contractor reputation and project timing decide, not geography.
Heat pump installation by type: Memphis vs New South Memphis
Every heat pump installation type gets its own localized price for each metro, using the same labor, climate and permit adjustments — a true apples-to-apples comparison.
| Type | Memphis | New South Memphis |
|---|---|---|
| Air-source (ducted) | $7,550–$10,950 | $7,550–$10,950 |
| Ductless mini-split | $4,600–$11,950 | $4,600–$11,950 |
| Geothermal (ground-source) | $19,750–$26,600 | $19,750–$26,600 |
Treat these as 2026 localized estimates for heat pump installation, not quotes from a contractor.
Heat pump installation by home size: Memphis vs New South Memphis
Heat pumps are sized in tons like AC (roughly one ton per 500–600 sq ft), but cold-climate models may be sized up for heating. Ductless mini-splits are priced per zone instead.
| Size | Memphis | New South Memphis |
|---|---|---|
| 1,000 sq ft (≈2 tons / 1–2 zones) | $5,100–$9,000 | $5,100–$9,000 |
| 1,500 sq ft (≈2.5 tons) | $6,050–$10,450 | $6,050–$10,450 |
| 2,000 sq ft (≈3 tons) | $6,550–$11,950 | $6,550–$11,950 |
| 2,500 sq ft (≈4 tons) | $8,500–$13,900 | $8,500–$13,900 |
| 3,000+ sq ft (≈5 tons) | $10,000–$16,800 | $10,000–$16,800 |
All figures are 2026 localized planning estimates for heat pump installation — get an actual quote before you commit.
What hvac pros earn in each metro
With labor making up about 60% of a heat pump installation job, wage differences between metros do most of the work here. These figures are real BLS OEWS installer wages, not modeled estimates.
Memphis metro · about 7% below the US average installer wage.
Memphis metro · about 7% below the US average installer wage.
Source: U.S. Bureau of Labor Statistics, OEWS metro wages for HVAC installers (used as a trade-labor index).
Cheapest time for heat pump installation in either city
Installers cut prices in spring and fall because job volume drops and crews sit idle — the opposite happens during a summer heat wave or winter cold snap, when a dead system forces homeowners into a full-price emergency swap.
How much should you really budget for HVAC in 2026?
Three factors move an HVAC quote more than anything else: how well it's sized, which efficiency tier you pick, and the brand markup. Our editors break down how they weigh each one.
The efficiency-first case
In a hot-summer or cold-winter region, a higher SEER2/AFUE unit — or a heat pump — earns its premium back in lower bills, and utility and state rebates can still cut into the sticker (the federal 25C/25D credits ended Dec 2025). Run the payback math before defaulting to the cheapest box.
The longevity case
The single biggest cost driver isn't the brand — it's correct sizing and install quality. A properly sized, well-commissioned mid-tier system with annual maintenance outlasts an oversized premium unit that short-cycles. Spend on the install, not the badge.
The budget-first case
Size the system to your home with a Manual J calculation and buy the standard efficiency tier (80% AFUE / 14.3 SEER2). In a mild climate the cheaper unit pays off because you rarely run it hard — paying for premium efficiency you won't use is the most common way to overspend.
The brand on the unit matters far less than getting the sizing and installation right. Insist on a Manual J calculation, match efficiency to your climate, and claim every rebate available.
Memphis vs New South Memphis
Is heat pump installation cheaper in Memphis or New South Memphis?
heat pump installation costs about the same in both — roughly $9,250 in each city.
Why does heat pump installation cost more in New South Memphis than Memphis?
New South Memphis's higher labor index (0.96 vs 0.96 in Memphis) is the biggest factor, with the mixed/mixed climate split playing a smaller role.
How much is heat pump installation in Memphis, TN?
Expect to pay $6,550 to $11,950 for heat pump installation in Memphis in 2026, averaging around $9,250.
Do hvac pros really charge more in one city?
Yes — and the wage data shows it. A skilled installer earns about $29/hr in the Memphis area versus $29/hr around Memphis (BLS metro wage data). Since labor is roughly 60% of a heat pump installation job, that wage gap is the biggest reason the installed prices differ.
When is the cheapest time to buy heat pump installation — and does it differ by city?
The best window is the same in both Memphis and New South Memphis: Spring and fall (Mar–May, Sep–Oct), when demand drops and installers discount to keep crews busy — typically 5–15% off peak pricing. The most expensive time anywhere is an emergency replacement during peak summer and mid-winter.
Should I choose where to live based on heat pump installation cost?
Not on this basis — Memphis and New South Memphis cost about the same. Weigh contractor quality, scope, equipment tier and timing instead.
Compare heat pump installation in other cities
Updated June 2026 · By Serhat Özçelik