Evansville, IN Heat Pump Leasing & Installation
In this guide
01
Benefits of Palmetto Heat Pumps
Say goodbye to clunky old systems and surprise repairs. Palmetto Comfort Plan gives you a brand-new heat pump, installation, and full support, all wrapped into one subscription.
Year Round Comfort
A high-efficiency heat pump keeps your home cool in summer, warm in winter, and your energy use in check all year long.
Forget the maintenance
With a Comfort Plan subscription, installation and maintenance are fully covered, no surprise bills, no weekend DIY.
Rewards for renewing
Stick with us and earn credits toward your next system upgrade. It’s our way of saying thanks for building a cleaner, comfier future with us.
02
Evansville, IN Heat Pump Load Calculator
This calculator uses the square-foot method to estimate your home’s heating and cooling needs, based on a 72°F indoor temperature and Evansville’s 91°F cooling and -5°F heating design temperatures—the ACCA-standard design conditions for Evansville, IN. For an official Manual J load calculation and quote, get in touch with Palmetto’s team. Get in touch with our team for an official quote.
Step 1 of 3
Home location & size
Your home’s location and size directly impact heating needs.
Step 2 of 3
Home attributes
Step 3 of 3
Additional details
Description of what this means for context.
Estimated Heating Needs
Your home’s location falls within the a climate zone with the average extreme winter falling between 10° – 15° F.
Home Details
Recommended equipment capacity
60,000 BTU
5 Tons
Calculated Cooling Mode
102,000 BTU
8.5 Tons
03
Buy it or finance it. Your comfort, your call
There's no wrong way to get cozy. Here's how the options stack up, so you can choose what works best for you.
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Cash |
Loan |
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|---|---|---|---|
| Payment schedule | $0 upfront, then monthly subscription | Full price upfront | $0 upfront, then monthly payment |
| Term length | 10 or 12 years | None | Variable |
| End of term options | Flexible with 25% renewal term credits to new system | No credits to new system | No credits to new system |
| Maintenance included | |||
| Eligible for incentives |
Cash
Loan
Local Incentives
Evansville, IN Heat Pump Rebates & Incentives
Local and federal incentive programs can significantly reduce the cost of a new heat pump system. Here are the programs available to Evansville homeowners.
Indiana HEAR Heat Pump Rebate
Up to $8,000Indiana’s Home Appliance Rebate offers an upfront discount for eligible ENERGY STAR heat pumps for space heating and cooling. The heat pump rebate is capped at $8,000, subject to income-tier and project-cost limits.
Indiana HOMES Rebate
Up to $18,000Indiana’s Home Efficiency Rebate can support heat pumps as part of a qualifying whole-home retrofit. The maximum depends on household income and modeled energy savings.
CenterPoint Heat Pump Discounts
Up to $450CenterPoint Energy Indiana offers discounts on qualifying air-source and ductless heat pumps, with amounts varying by equipment efficiency. Discounts may be applied instantly through participating contractors or distributors.
In 2026, Evansville homeowners may qualify for Indiana’s HEAR and HOMES rebates and CenterPoint Energy discounts, depending on income, project requirements, equipment, and utility service. Palmetto can help homeowners identify eligible upgrades, apply for available rebates, and maximize incentives. Federal homeowner heat-pump tax credits ended for systems installed after December 31, 2025.
Incentive information is based on publicly available data as of 2026 and may change. Contact program administrators to verify current availability and eligibility requirements.
04
Climate Zones
Evansville is in USDA Hardiness Zone 6, with a winter design temperature of -5°F and a summer design temperature of 91°F. Heat pumps here need to handle cold snaps and hot, humid stretches, so capacity and cold-weather performance matter for comfort. Palmetto understands Evansville’s climate and can help identify a system suited to local homes. Explore other climate zones below, or enter your ZIP code to confirm your zone.
Climate Zone 1
Climate zone 1 is not typically seen within the United States outside of Alaska. It represents the coldest climates on the planet.
Climate Zone 1A
Avg. extreme winters: -60° to -55° F
Climate Zone 1B
Avg. extreme winters: -55° to -50° F
Evansville Electricity Prices
For Evansville homeowners, the electricity rate is only half the story—how efficiently your system uses each kilowatt-hour matters, too.
Indiana’s average electricity price climbed from 13.4¢ per kWh in 2021 to 14.8¢ in 2024, despite easing slightly from 14.9¢ in 2023. The national average reached 16.5¢ in 2024.
Heat pumps can be 2–3 times more efficient than conventional HVAC equipment, delivering more heating or cooling for each unit of electricity. That efficiency can help Evansville households use less power to stay comfortable.
Over a system’s life, using fewer kilowatt-hours can help cushion households from future rate increases. Actual bill savings depend on electricity rates, home insulation, and system use, but efficiency can offer lasting value.
Price of Energy: Indiana vs National Average
Evansville Area Utility Providers
In Evansville, CenterPoint Energy is the utility represented here. Its average electricity price was 17.2¢ per kilowatt-hour in 2023. 2024 utility data is not yet available, so these figures are historical.
That was above Indiana’s 2023 average of 14.90¢/kWh and the national average of 16.0¢/kWh. The comparison shows Evansville’s reported rate was higher, though rates can vary by service area; these figures alone don’t explain why.
A higher electricity price makes efficiency important. Heat pumps move heat instead of generating it directly, so they can use less energy for heating and cooling and may reduce total energy spending compared with traditional HVAC, even where power costs more.
Evansville Utilities Electricity Rates
Let our smart tools do the heavy lifting.
Get personalized tips, usage insights, project tracking, and that daily satisfaction of making your energy work smarter with the Palmetto mobile app.
- Rewards for smarter energy usage
- Energy insights & Dashboard
- Personalized Savings Tools
- Whole Home Energy Management
- Support Whenever You Need It
Repair versus replace
When a heat pump is in need of repair it is worth considering whether a replacement would be a better investment. While each case is unique, we generally recommend investing in a new unit when repairs exceed $5,000.
A heat pump's lifetime is impacted by a number of factors including environment, use and the quality of the unit. It's important to choose the right unit for your climate zone and home's unique attributes.
When you are in need of repair, we recommend choosing a service provider that is an expert in the heat pump brand you have installed, and checking online reviews to ensure you are investing in the right level of service.
| Potential repair | Cost range | Description |
|---|---|---|
| Capacitor Replacement | $150 - $400 | Common issue when unit struggles to start or makes a humming noise. Capacitors store the electrical energy needed to start the compressor and fan motors. |
| Refrigerant Recharge | $250 - $750 | Needed when the system loses cooling or heating efficiency due to low refrigerant levels. Includes leak detection, repair of minor leaks, and recharging the system to the manufacturer-specified level. |
| Reversing Valve Replacement | $450 - $900 | Required when the unit cannot switch between heating and cooling modes. The reversing valve directs refrigerant flow and is unique to heat pump systems. |
| Compressor Replacement | $1,500 - $3,000 | Major repair needed when the unit fails to heat or cool entirely. The compressor is the heart of the system, circulating refrigerant between the indoor and outdoor coils. |
| Evaporator/Condenser Coil Replacement | $1,200 - $2,800 | Replacement needed when coils develop leaks or corrosion that cannot be economically repaired. Coil damage reduces heat transfer efficiency and can cause refrigerant loss. |
| Control Board Replacement | $500 - $1,200 | Required when the system has electrical failures or erratic behavior. The control board manages all system operations including defrost cycles, fan speeds, and compressor staging. |
| Full System Replacement | $4,500 - $8,000+ | When repairs exceed the value of the unit or multiple major components fail simultaneously. Includes removal of the old system and installation of a new heat pump with updated refrigerant lines and electrical connections. |
Frequently Asked Questions
Yes—heat pumps can make sense in Evansville when the system is properly sized for the home and local weather. The area’s stated Climate Zone 6 design temperatures are -5°F for heating and 91°F for cooling, so equipment should be selected to maintain comfort during both winter cold and summer heat.
At Indiana’s current electricity price of 14.8¢ per kWh, a heat pump’s operating cost will depend on its efficiency, home insulation, and what heating system it replaces. Palmetto offers a $0-upfront Comfort Plan with maintenance and repairs included, or direct purchase, which may qualify for state or utility rebates where available.
Heat pumps can be efficient in Evansville because they move heat rather than create it by burning fuel. The area’s Climate Zone 6 design temperatures are about -5°F for heating and 91°F for cooling. A properly sized cold-climate model can provide heating at these conditions, although its capacity and efficiency typically decrease as outdoor temperatures fall.
At Indiana’s electricity price of 14.8¢ per kWh, running costs depend on seasonal efficiency, insulation, thermostat settings, and any backup heat. Proper sizing for local design conditions helps balance comfort and performance. Palmetto offers a $0-upfront Comfort Plan with maintenance and repairs included, or direct purchase, which may qualify for state or utility rebates where available.
In Evansville, leasing may suit you if you want to avoid a large upfront cost and prefer predictable payments; buying may be better if you can pay upfront, want to own the system, and value potential state or utility rebates. Indiana electricity currently costs 14.8¢ per kWh, so operating costs depend on system efficiency and your home’s heating needs.
Palmetto’s Comfort Plan requires no upfront payment and includes predictable monthly payments, maintenance, repairs, and warranty coverage for the plan’s life. Buying outright gives you ownership and may qualify for active state or utility rebates; no federal heat pump tax credit is available for 2026 installations. Evansville’s Climate Zone 6 design heating temperature is -5°F, so proper sizing matters.
Heat pump installation in Evansville has no single fixed price: the total depends on your home’s size, insulation, existing ductwork, and system capacity for Climate Zone 6 design temperatures (-5°F for heating and 91°F for cooling). A home assessment is needed for an accurate quote. Indiana electricity currently costs 14.8¢ per kWh.
Palmetto’s Comfort Plan has $0 upfront cost, predictable monthly payments, and includes maintenance, repairs, and warranty coverage for the plan’s life. Direct purchase means paying upfront and owning the equipment, with possible state or utility rebates where available. No federal heat pump tax credit applies to systems installed in 2026.
A heat pump can be financially worthwhile in Evansville, but savings depend on your home's insulation, equipment efficiency, installation cost, and current heating fuel. Indiana electricity currently costs 14.8¢ per kWh, so compare estimated operating costs with your existing system. Evansville's Climate Zone 6 design low of -5°F also makes cold-weather performance and proper sizing important.
A direct purchase gives you ownership and may qualify for state or utility rebates where available; Palmetto's Comfort Plan has $0 upfront cost, predictable monthly payments, and maintenance, repairs, and warranty coverage for the plan's life. No federal heat pump tax credit is available for 2026 installations, so compare incentives and total costs.
In Evansville, homeowners can get a heat pump installed through Palmetto. Palmetto provides installation through its Comfort Plan or direct-purchase option, helping customers choose a setup that fits their budget and ownership preferences. The installer should assess the home and size the system for local winter and summer conditions.
Evansville is in Climate Zone 6, with design temperatures of -5°F for heating and 91°F for cooling, so proper sizing matters. The Comfort Plan has $0 upfront and includes maintenance, repairs, and warranty coverage; direct purchase means owning equipment outright and may qualify for available state or utility rebates.
HVAC means heating, ventilation, and air conditioning—the overall systems and equipment that manage indoor temperature and air quality. A heat pump is one type of HVAC system. Rather than creating heat by burning fuel, it moves heat between indoors and outdoors, and a reversible unit can provide both heating and cooling.
For Evansville homes, a heat pump should be selected for local winter and summer conditions; the area’s Climate Zone 6 design temperatures are -5°F for heating and 91°F for cooling. Palmetto offers a Comfort Plan with no upfront cost and included maintenance and repairs, or direct purchase, where the homeowner owns the system.