Heat Pump Water Heater Installation cost: Cordova vs New South Memphis (2026)
In 2026, Cordova and New South Memphis land on nearly identical heat pump water heater installation pricing — about $3,400 either way.
Cordova TN
Typically around $3,400
New South Memphis TN
Typically around $3,400
Cordova vs New South Memphis: full breakdown
| Factor | Cordova | New South Memphis |
|---|---|---|
| Typical 2026 cost | $3,400 | $3,400 |
| Estimated range | $2,350–$4,400 | $2,350–$4,400 |
| Labor index (vs US) | ×0.96 | ×0.96 |
| Climate zone | Mixed | Mixed |
| Climate factor | ×1 | ×1 |
| Local permit | $150 | $150 |
| Labor share | $1,850 | $1,850 |
| Materials/equipment | $1,550 | $1,550 |
Heat pump water heater installation numbers here are 2026 planning ranges, adjusted per city — useful for budgeting, not a substitute for an actual quote.
No real cost edge either way
Neither metro has a cost edge on heat pump water heater installation — spend your decision-making energy on the contractor, not the location.
Heat pump water heater installation by type: Cordova vs New South Memphis
We localize each heat pump water heater installation type separately for both metros, applying the same labor, climate and permit adjustments each time, so you're comparing like for like.
| Type | Cordova | New South Memphis |
|---|---|---|
| 40–50 gallon | $2,350–$3,800 | $2,350–$3,800 |
| 65–66 gallon | $2,850–$4,200 | $2,850–$4,200 |
| 80 gallon | $3,300–$4,850 | $3,300–$4,850 |
All figures are 2026 localized planning estimates for heat pump water heater installation — get an actual quote before you commit.
Heat pump water heater installation by tank capacity: Cordova vs New South Memphis
Hybrid heat pump water heaters use a storage tank, so they're sized in gallons by household — but because they recover heat efficiently, a 50-gallon hybrid often serves a home that needed a 65–80 gallon electric tank.
| Size | Cordova | New South Memphis |
|---|---|---|
| 40 gal (1–2 people) | $2,150–$3,600 | $2,150–$3,600 |
| 50 gal (2–4 people) | $2,350–$4,000 | $2,350–$4,000 |
| 65 gal (4–5 people) | $2,750–$4,200 | $2,750–$4,200 |
| 80 gal (5+ people) | $3,050–$4,400 | $3,050–$4,400 |
All figures are 2026 localized planning estimates for heat pump water heater installation — get an actual quote before you commit.
What water heaters pros earn in each metro
Labor is about 55% of a heat pump water heater installation bill, so local wages drive most of the gap. These are real metro hourly wages for skilled installers (BLS OEWS), not 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 water heater installation in either city
Why winter is expensive: it's failure season, when cold groundwater stresses old units and emergency calls flood in. A 10+ year-old tank replaced proactively, before it dies, skips that spike completely.
Tank or tankless — and what should you budget?
Fuel type and household size come after the real fork in the road: tank, tankless, or heat-pump. That single choice sets both the install bill and every hot-water bill that follows.
The simple-swap case
If your current tank suits your household and the budget is tight, a like-for-like tank replacement is the cheapest, fastest job — no gas-line or panel upgrades, done in a morning.
The heat-pump case
A hybrid heat-pump unit carries the steepest sticker price and draws the largest utility rebates on the market, then pays that back by pulling warmth from the surrounding air instead of generating heat — operating cost falls to a fraction of a standard electric tank's. The condition is location: it wants a roomy, temperate spot like a garage or basement to perform.
The tankless case
Going tankless means paying more at install — often for a resized gas line or a dedicated electrical circuit — in exchange for hot water that never runs dry and a unit that outlives two conventional tanks. Dropping the standby loss of a constantly reheated reservoir trims the monthly bill on top of that. It fits a full house that isn't selling anytime soon.
The right format depends on how long you're staying and what you're optimizing for: upfront cost favors tank, convenience favors tankless, and long-run savings favor heat-pump.
Cordova vs New South Memphis
Is heat pump water heater installation cheaper in Cordova or New South Memphis?
There's no meaningful difference: heat pump water heater installation runs about $3,400 in both places.
Why does heat pump water heater installation cost more in New South Memphis than Cordova?
The main driver is local labor rates: New South Memphis's labor index is 0.96 versus 0.96 in Cordova. Climate zone (mixed vs mixed) also shift the total.
How much is heat pump water heater installation in Cordova, TN?
In Cordova, heat pump water heater installation typically runs $2,350–$4,400 in 2026, with most homeowners paying around $3,400.
Do water heaters 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 55% of a heat pump water heater installation job, that wage gap is the biggest reason the installed prices differ.
When is the cheapest time to buy heat pump water heater installation — and does it differ by city?
No, the seasonal pattern is the same in Cordova and New South Memphis: book during Spring and early fall for about 5–10% in savings. Deep winter (failure season) is the priciest stretch in both cities, mostly due to emergency replacements.
Should I choose where to live based on heat pump water heater installation cost?
There's no cost argument here between Cordova and New South Memphis — they're a wash. Focus on contractor reputation, project scope, equipment tier and timing.
Compare heat pump water heater installation in other cities
Updated June 2026 · By Serhat Özçelik