HVAC Rated

Moderate winters

Best heat pumps for New Mexico

In New Mexico a gas furnace still heats for a little less, but a heat pump also replaces the air conditioner.

A typical heat pump costs about $945 a year to heat a house, against $558 for a 95% gas furnace, at 15.2¢/kWh and $0.95/therm. Parts of the state need a cold-climate model.

Cheapest to run in New Mexico

City guides

Each guide uses that city's own climate data. Typical yearly cost of a 3-ton heat pump, heating plus cooling:

More for New Mexico

Heat pump vs. gas, propane and oil$945 vs. $558 gas
  • Natural gas furnace, 95% AFUE$558/yr
  • Natural gas furnace, 80% AFUE$663/yr
  • Heat pump (typical, 9.0 HSPF2)$945/yr
  • Propane furnace, 95% AFUE$1,716/yr
  • Electric baseboard or furnace$2,492/yr
  • Heating oil, 85% AFUE$2,832/yr
Top 8: 3-ton central heat pumpsfrom $882/yr

All 3-ton heat pumps

Top 8: 12,000 BTU mini-splitsfrom $262/yr

All 12,000 BTU mini-splits

Climate in the state's citiesNOAA normals
  • Albuquerque0.0 nights ≤ 0°F · 64 days ≥ 90°F
  • Las Cruces0.5 nights ≤ 0°F · 96 days ≥ 90°F
Questions2
Is a heat pump worth it in New Mexico?
At New Mexico prices a typical heat pump heats a house for about $945 a year, against $558 for a 95% gas furnace; it wins clearly against propane, oil and electric resistance heat, and it also replaces the air conditioner.
Do I need a cold-climate heat pump in New Mexico?
In parts of the state, yes. Las Cruces has winters where an ENERGY STAR cold-climate model is the safer choice. Check your city's guide below.

Running cost calculator

Pre-filled with New Mexico prices. Pick your city and what you heat with today.

Heat pump $813/yrCosts more by $5/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
$813
Current system, per year
$808
Costs more per year
$5
Payback
No payback
Net after 10 years
-$9,053

Cooling $183Heating $630Electricity used: 5,333 kWhSaved vs. a minimum-efficiency heat pump: $199

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.

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