HVAC Rated

Severe winters · Mild summers

Best heat pumps for Boulder, CO

Boulder averages 18 nights a year at or below 0°F, so pick a cold-climate certified model and check its output at 5°F.

A typical heat pump costs about $2,880 a year to heat a house here and $0 to cool it. A 95% gas furnace would cost $1,780 for the same heat.

Cheapest to run in Boulder

Ranked by yearly electricity cost in this climate, so the balance of heating and cooling efficiency is the one that matters here. Cold-climate certified models only.

Running cost calculator for Boulder

Pre-filled with Boulder's climate and Colorado prices. Pick a model, tell it what you heat with today, and add your quote.

Heat pump $1,920/yrCosts more by $510/yrSee details ↓
1. Where you live
Adjust heating and cooling hours

Filled in from your city's climate. Change them if you run the system much more or less than usual.

2. The heat pump pick a model or type its ratings
3. What it replaces
4. Price replace the example with your quote
Heat pump, per year
$1,920
Current system, per year
$1,409
Costs more per year
$510
Payback
No payback
Net after 10 years
-$14,104

Cooling $0Heating $1,920Electricity used: 11,600 kWhSaved vs. a minimum-efficiency heat pump: $384

Estimates use the unit's rated SEER2 and HSPF2, full-load hours derived from NOAA 1991-2020 degree days, average residential electricity prices from the U.S. EIA (12 months to July 2026) and fuel prices from EIA (2025 for natural gas, week of 2026-10-05 for propane and heating oil). Very cold days that need backup heat are not modelled. Federal minimum for comparison: 14.3 SEER2 / 7.5 HSPF2.

More for Boulder

Top 5 12,000 BTU mini-splitsfrom $596/yr
Top 5 24,000 BTU mini-splitsfrom $1,192/yr
ModelSEER2HSPF2Per year
SLIMAIR SHC24VH2AG27.514.5$1,192
Arcoaire D5CSHAH24AAK21.213.5$1,280
Comfort-Aire A-VHP24SA-121.013.5$1,280
MDV MOD30-24HFN10-M1X22.313.5$1,280
Mainline ML24HP230NEXH-O22.313.3$1,299

All 24,000 BTU mini-splits

Top 5 3-ton central heat pumpsfrom $2,124/yr
ModelSEER2HSPF2Per year
TOSHIBA CARRIER MCY-MUB0368HS2P-UL29.712.2$2,124
Lennox SL22KLV-036-230A20.510.5$2,468
Trane 5TWV0X36A121.010.5$2,468
LG KUSXA361A23.510.5$2,468
Lennox EL21KLV-036-230A20.010.4$2,492

All 3-ton central heat pumps

Heat pump vs. gas, propane and oilgas is cheaper to run

Yearly cost to heat a typical house (36,000 BTU/h of heat, 4,350 full-load hours) at Colorado prices.

  • Natural gas furnace, 95% AFUE$1,780/yr
  • Natural gas furnace, 80% AFUE$2,114/yr
  • Heat pump (typical, 9.0 HSPF2)$2,880/yr
  • Propane furnace, 95% AFUE$4,312/yr
  • Electric baseboard or furnace$7,596/yr
  • Heating oil, 85% AFUE$7,947/yr

Electricity and natural gas: Colorado residential averages from the U.S. EIA; propane and heating oil: latest EIA weekly prices.

Month by monthpeak $373 in December

Heating and cooling degree days (NOAA 1991-2020 normals) and what a typical 3-ton heat pump costs in each month at 16.6¢/kWh.

MonthHeating DDCooling DDCost
January1,3890$369
February1,2700$338
March1,2040$320
April1,0230$272
May7950$212
June4850$129
July3040$81
August3630$96
September5690$151
October8870$236
November1,1340$302
December1,4030$373
What size heat pump for a Boulder home?5 ton for 2,000 sq ft
  • 1,000 sq ft house2.5 ton · heating load 30,000 BTU/h
  • 1,500 sq ft house4 ton · heating load 45,000 BTU/h
  • 2,000 sq ft house5 ton · heating load 60,000 BTU/h
  • 2,500 sq ft house5+ ton · heating load 75,000 BTU/h

Average insulation, 8 ft ceilings. Size calculator for your own home

Questions4
Do heat pumps work in Boulder winters?
Boulder averages 18 nights a year at or below 0°F, so pick a cold-climate certified model and check its output at 5°F. The average winter low is 12°F, and the heating season adds up to 10,824 heating degree days (NOAA 1991-2020 normals).
How much does it cost to run a heat pump in Boulder?
A typical 3-ton central heat pump (17.0 SEER2, 9.0 HSPF2) uses about $2,880 of electricity a year for heating and $0 for cooling in Boulder, at the Colorado average of 16.6¢/kWh. The most efficient models cost less - see the rankings above.
Is a heat pump cheaper than a gas furnace in Boulder?
Not on heating alone at today's prices: about $2,880 a year with a typical heat pump versus $1,780 with a 95% gas furnace (Colorado averages: 16.6¢/kWh, $1.08/therm). A high-HSPF2 model narrows the gap, and a heat pump also replaces the air conditioner. Against propane, oil or electric heat it is usually far cheaper.
What size heat pump do I need for a 2,000 sq ft house in Boulder?
With average insulation, roughly a 5-ton system: the estimated cooling load is 27,600 BTU/h and the heating load 60,000 BTU/h. Use the size calculator for your own house, and ask installers for a Manual J calculation.

Nearby cities

Climate: NOAA 1991-2020 normals, station BOULDER 14 W (25 km away).