Cost to Geothermal Heat Pump Installation in Memphis, TN

$12,300–$28,700 in Memphis

18% below the national average · 0.82x cost multiplier

Expect to pay $12,300–$28,700 for a geothermal heat pump installation in Memphis, about 18% below the national benchmark. The Southeast region's contractor market and material costs account for most of this difference. The detailed breakdown below shows how budget, mid-range, and premium projects compare at Memphis prices.

Cost Breakdown in Memphis

Line Item	Low	Mid	High
Materials	$4,100	$7,380	$12,300
Labor	$4,920	$8,200	$12,300
Permits	$410	$656	$984
Design	$410	$984	$1,640
Total	$9,840-18% vs. national avg	$17,220-18% vs. national avg	$27,224-18% vs. national avg

Budget

Horizontal loop system on a property with easy digging, 2-3 ton unit for smaller home, replacing existing forced-air system

Mid-Range

Vertical loop system with 3-4 ton heat pump, new ductwork modifications, desuperheater for hot water assist

Premium

5+ ton variable-speed system with vertical loops, full ductwork redesign, zoning, hot water generation, and smart controls

Material Options

Material prices below are national averages; availability in Memphis may shift costs slightly.

Material	Cost/Unit	Pros	Cons	Best For
Horizontal Closed Loop	$10,000-$22,000 total	Lowest loop cost, simple installation, reliable long-term performance	Requires large yard (200+ ft trenches), disrupts landscaping, less efficient in shallow soils	Rural or suburban properties with large open yardsLowest loop cost, simple installation, reliable long-term performance
Vertical Closed Loop	$15,000-$35,000 total	Small surface footprint, works on any lot size, consistent performance year-round	Highest loop cost due to drilling, requires specialized drilling rig, longer installation	Urban or suburban lots without space for horizontal trenchingSmall surface footprint, works on any lot size, consistent performance year-round
Pond/Lake Loop	$10,000-$18,000 total	Lowest loop installation cost, no excavation, good heat exchange from water	Requires nearby body of water with sufficient depth and volume, regulatory permits	Properties with a pond or lake at least 8 feet deep and within 200 feetLowest loop installation cost, no excavation, good heat exchange from water
Open Loop (Well Water)	$12,000-$25,000 total	Highest efficiency of all loop types, lower drilling costs than closed vertical	Needs adequate well water flow (3-6 GPM per ton), water disposal required, mineral buildup risk	Properties with abundant clean groundwater and local code approval for dischargeHighest efficiency of all loop types, lower drilling costs than closed vertical

Other Projects in Memphis

Full Kitchen Remodel

Full Bathroom Remodel

Roof Replacement (Asphalt Shingles)

Back to national average for Geothermal Heat Pump Installation

Memphis Estimate

Typical Range

$12,300–$28,700

vs. National Average

18% below national

Cost Multiplier

0.82x

Estimates apply Memphis's 0.82x regional cost multiplier to national averages. Actual bids vary by contractor, project scope, and timing.

See national average costs →