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Denver, CO

Heat Pump Water Heater Cost in Denver

Estimate the installed cost of a hybrid HPWH in Denver, CO. Calibrated to Colorado HVAC + plumber labor (1.08x) and retail electricity (15.4 cents/kWh).

Labor blend
1.08x
Colorado HVAC + plumber
Electricity
15.4 cents/kWh
Colorado EIA average
HPWH operating
$19/mo
4-person household

City estimates use Colorado state-level labor and energy data. For the full state view, see HPWH cost in Colorado.

Your details

Optional — auto-sets state

Estimated installed cost

$3,425

Typical range $2,125 – $6,325 · 240V hybrid HPWH (50 gal)

Low

$2,125

Best case

Mid

Typical

$3,425

Typical

High

$6,325

Worst case

Itemized cost breakdown

Click a row for math & sources
Line itemLowMidHigh
Total$2,125$3,425$6,325

Monthly energy impact

~Neutral

$2/ mo

Bills change very little — between -$0 and $5 per month either way.

Panel upgrade likelihood

Low risk

100A typically supports HPWH addition

  • Is a 120V plug-in or 240V hybrid model being quoted?
  • Is condensate drain work included (drain pan, pump, or gravity routing)?
  • Is the install location large enough for proper airflow (typically ≥700 cu ft)?
  • Is sound rating (dB) acceptable for the location?
  • Is old water heater removal and disposal included?
  • Which rebates require pre-approval, and have they been applied for?
  • Is the 240V circuit, outlet, or breaker work included if needed?
  • Are permits and inspection included?
  • Will the cold-air output affect any nearby living space?
  • What is the warranty on tank, compressor, and labor?

What can change this price

  • Estimates are planning ranges, not contractor quotes. Actual prices depend on your home, local labor rates, equipment, code requirements, utility rules, and contractor availability.

HPWH rebates & credits in Colorado

Program Type Amount Expires
Energy Efficient Home Improvement Credit (25C) - Heat Pump Water Heater
Federal · Credit 30% up to $2,000 2025-12-31
DOE Home Energy Rebates - Heat Pump Water Heater
Income-qualified
 Federal · Rebate $0–$1,750 2031-09-30

Frequently asked questions

How much does a heat pump water heater cost in Denver?

In Denver, CO, a 50-gallon hybrid HPWH typically runs $2,376–$4,536 installed, scaled to Colorado labor rates. A 120V plug-in unit is cheaper. The calculator above refines for capacity, voltage, and install location.

What is the monthly operating cost in Denver?

At Colorado retail electricity of 15.4 cents/kWh, an HPWH for a 4-person household in Denver costs about $19 per month to run — roughly 1/3 the energy use of a standard electric tank water heater.

What rebates apply to HPWHs in Denver?

The federal 25C credit (which covered HPWHs up to $2,000) expired Dec 31 2025 under OBBBA. DOE HEEHRA provides up to $1,750 for HPWHs in income-qualified households where Colorado has launched the program. The table above shows 2 applicable programs.

Where should an HPWH be installed?

HPWHs need about 700 cubic feet of free air to maintain efficiency. A conditioned basement or utility room works well; an unconditioned garage is fine in moderate climates but risky where winter ambient drops below the unit cutoff temperature.

HPWH cost in other cities