Heat pump water heater (hybrid/HPWH, e.g., 50–65 gallon equivalent): Unit prices range from ~$1,500–$3,000+ (most common models $2,000–$2,500), with total installed costs $2,500–$5,000 (higher if electrical upgrades or space mods needed). Average retrofit/install often lands around $3,000–$4,000.