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HVAC prices in Indianapolis

$5,350

Furnace replacement typical, 1,500–2,500 sq ft

1983

Median home built Census ACS

Most furnace replacement quotes here land between $3,650 and $7,900. Every figure is local: wages, prices, climate and permits for the Indianapolis-Carmel-Greenwood, IN metro area.

Indianapolis-Carmel-Greenwood, IN skyline

The median home here was built in 1983; 57% heat with gas and 38% with electricity (Census ACS). Photo: Steven Van Elk on Pexels.

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The numbers here

What HVAC costs in Indianapolis, in four figures

Prices, wages and weather for this metro, against the other metros in the state.

Furnace replacement

$5,350

Typical for a 1,500–2,500 sq ft home. Most jobs run $3,650–$7,900.

HVAC technician wage

$30/hr

Median hourly pay here against $29.33 for the US (BLS OEWS). Labor is a third of a typical install.

Hot days a year

17≥90°F

1,130 cooling and 5,219 heating degree days in a normal year, 1991–2020 (NOAA).

HVAC companies

598

7.1 for every 10,000 homes (Census County Business Patterns). More competition tends to mean tighter quotes.

HVAC technician pay

Half the 3,080 HVAC techs in the Indianapolis-Carmel-Greenwood metro earn more than $29.89 an hour ($62,160 a year), 3% above the Indiana median. Shops here bill that hour at about $115 in our price model.

Source: BLS OEWS, May 2025; billable rate from the HVACFIND price model.

HVAC technician salary in Indianapolis

$29.89

Median hourly pay for HVAC technicians in Indianapolis

Replace or install

New systems in Indianapolis

Typical installed prices for a 1,500–2,500 sq ft home, with the range most quotes fall in.

  • AC replacement

    Indianapolis, INModel estimate

    • 3-ton home
    • 1–2 days
    • Permit

    $4,600–$10,350 typical $6,900

  • Heat pump replacement

    Indianapolis, INModel estimate

    • 3-ton home
    • 1–2 days
    • Permit

    $6,850–$13,550 typical $9,650

  • Furnace replacement

    Indianapolis, INModel estimate

    • 3-ton home
    • 1–2 days
    • Permit

    $3,650–$7,900 typical $5,350

  • AC and furnace replacement

    Indianapolis, INModel estimate

    • 3-ton home
    • 1–2 days
    • Permit

    $8,450–$15,650 typical $11,500

  • Mini-split installation

    Indianapolis, INModel estimate

    • 3-ton home
    • 1–2 days
    • Permit

    $4,000–$7,200 typical $5,350

Local factors

What moves the price in Indianapolis

The same four facts on every place page, so two places read side by side compare the same rows.

Climate

Zone 5A, 4A

Heating degree days per year, 1991–2020 normals. More means a bigger heating load.

5,219

Freezing nights

Nights at 32°F or colder

A cold climate changes which heat pump you need.

107

Electricity

AES Indiana

Residential rate. It sets what an efficient system saves you each year.

13.8¢

Permit

Required for a replacement

The contractor pulls it and books the inspection.

—

Repair and service

Repairs and tune-ups

Visit, diagnosis and the common repair, at local rates.

  • AC repair

    Indianapolis, INModel estimate

    • Typical home
    • Same day
    • No permit

    $320–$490 typical $390

  • Furnace repair

    Indianapolis, INModel estimate

    • Typical home
    • Same day
    • No permit

    $220–$560 typical $350

  • Heat pump repair

    Indianapolis, INModel estimate

    • Typical home
    • Same day
    • No permit

    $330–$520 typical $410

  • HVAC tune-up

    Indianapolis, INModel estimate

    • Typical home
    • Same day
    • No permit

    $110–$250 typical $160

  • Duct cleaning

    Indianapolis, INModel estimate

    • Typical home
    • Same day
    • No permit

    $370–$580 typical $460

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