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The average national cost to install a geothermal heating or cooling system is $5,745, with most homeowners spending between $3,534 and $11,089.
1 Complete installation of a geothermal heat pump (ground-source or water-source) can cost $10,000-$25,000 or more, depending on the length and depth of the underground pipes, soil conditions and other excavation and installation factors. In an older home, adding an electric heat pump might require hiring an electrician to upgrade the electrical panel to 200 amps, which can cost an additional $1,300 -$3,000.