Evansville, IN Heat Pump Leasing & Installation
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.
Evansville, IN Heat Pump Load Calculator
Use this calculator to estimate your home’s heating and cooling needs based on square footage. It’s calibrated to ACCA-standard design conditions for Evansville, IN: 91°F for cooling, -5°F for heating, and a 72°F indoor setpoint. For a precise Manual J load calculation and personalized quote, connect with Palmetto’s team. Get in touch with our team for an official quote.
Home location & size
Your home’s location and size directly impact heating needs.
- ZIP Code
- Number of residents
- Home Square Footage (sq ft)
- Home Ceiling Height (ft)
Home attributes
- Amount of sunlight: Low, Moderate, High
- Insulation: Poor, Standard, Good, Excellent
- Number of Windows
- Window and Door Seals: Poor fit & Seal, Typical fit & Seal, Good fit & Seal
Additional details
- Do you have a kitchen? Yes / No
- Do you have any glassed-in rooms? Yes / No
- Extra Device Wattage (W)
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
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.
| Comfort Plan | Cash | Loan | |
|---|---|---|---|
| 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 | Yes | No | No |
| Eligible for incentives | Yes | No | No |
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 HOMES Rebate
Up to $8,000
The Home Efficiency Rebate (HOMES) provides cost savings to all Hoosiers on whole-home retrofits achieving a minimum of 20% energy savings, helping homeowners save on energy-efficient upgrades like heat pumps, electric appliances, and insulation.
Eligibility: Available to single family and multifamily residents on whole-home retrofits achieving a minimum of 20% predicted energy savings.
Indiana HEAR Rebate
Up to $8,000
The Home Appliance Rebate (HEAR) provides additional cost savings to low- and moderate-income households earning less than 150% of the Area Median Income for select, first-time upgrades including heat pump water heaters, heat pump HVAC systems, and electrical upgrades.
Eligibility: Available to low- and moderate-income households earning less than 150% of the Area Median Income.
NIPSCO Heat Pump Rebate
$800 - $1,000
NIPSCO offers rebates for high-efficiency heating and cooling equipment including heat pumps.
Federal IRA Tax Credit
Up to $2,000
The Inflation Reduction Act provides a federal tax credit of up to $2,000 for qualifying heat pump installations through 2032.
Climate Zones
Evansville sits in IECC Climate Zone 6, which means cold winters (design temps around -5°F) and warm summers (reaching 91°F). That wide temperature swing matters—your heat pump needs to handle both extremes efficiently.
Climate Zone 6
Cool climate zone with cold winters and warm summers.
Climate Zone 6A
Avg. extreme winters: -10° to -5° F
Climate Zone 6B
Avg. extreme winters: -5° to 0° F
Evansville Electricity Prices
Understanding electricity costs in Evansville helps you make smarter decisions about home heating and cooling that protect your budget long-term.
Price of Energy: Indiana vs National Average
- Indiana Electricity Rate in 2024: 14.8¢ per kWh
- US Average: 16.0¢ per kWh
Evansville Area Utility Providers
Evansville residents are served by two main utility providers: Vectren at 17.2¢ per kWh and Indiana Michigan Power at 16.1¢ per kWh, based on 2023 data.
Evansville Utilities Electricity Rates
| Provider | Rate |
|---|---|
| Vectren | 17.20¢ |
| Indiana Michigan Power | 16.10¢ |
| IN Average | 14.90¢ |
| US Average | 16.0¢ |
Palmetto Reviews
Everything about my experience was excellent.
Ready to start saving with a heat pump?
Speak with a Palmetto heating & cooling expert to find out exactly how much you can save.
Repair versus replace
When a heat pump is in need of repair it is worth considering whether a replacement would be a better investment.
| Potential repair | Cost range | Description |
|---|---|---|
| Capacitor Replacement | $150 - $400 | Common issue when unit struggles to start or makes a humming noise. |
| Refrigerant Recharge | $250 - $750 | Needed when the system loses cooling or heating efficiency. |
| Reversing Valve Replacement | $450 - $900 | Required when the unit cannot switch between heating and cooling modes. |
| Compressor Replacement | $1,500 - $3,000 | Major repair needed when the unit fails to heat or cool entirely. |
| Evaporator/Condenser Coil Replacement | $1,200 - $2,800 | Replacement needed when coils develop leaks or corrosion. |
| Control Board Replacement | $500 - $1,200 | Required when the system has electrical failures or erratic behavior. |
| Full System Replacement | $4,500 - $8,000+ | When repairs exceed the value of the unit or multiple major components fail simultaneously. |
Frequently Asked Questions
Do heat pumps make sense in Evansville?
Yes, heat pumps make excellent sense in Evansville.
How efficient are heat pumps in Evansville's climate?
Heat pumps perform very efficiently in Evansville's Climate Zone 6, even during cold winters.
Should I lease or buy a heat pump in Evansville?
The choice between leasing and buying a heat pump in Evansville depends on your financial priorities and homeownership plans.
How much does a heat pump cost in Evansville?
Heat pump costs in Evansville typically range from $5,000 to $20,000 for a complete installation.
Is a heat pump worth it financially?
For Evansville homeowners, heat pumps typically pay for themselves through lower energy bills over time.
Who installs heat pumps in Evansville?
In Evansville, heat pumps are installed by licensed HVAC contractors who are trained to work with modern heating and cooling systems.
What is the difference between a heat pump and HVAC?
A heat pump is actually a type of HVAC system. HVAC stands for Heating, Ventilation, and Air Conditioning.