Costs of heat pumps in Serbia

Heat Pump

Costs for a heat pump

Heat pump costs depend on whether you're replacing an old system or installing a new one, as well as the installation location. Air-to-water systems are cheaper and easier to install, while geothermal systems require higher upfront investment but offer greater efficiency and lower long-term operating costs.

Costs for a heat pump

Heating system cost comparison

Purchase and installationMaintenanceEnergy cost
Air-to-water heat pumpMediumLowLow
Ground source heat pumpHighestLowLowest
Oil heatingLowestHigherHighest

Indicative comparison for a family house, without amounts. We give the price for your building in a quote after a site visit.

Funding for heat pumps
Heat Pump

Funding for heat pumps

Heat pump installation is one of the measures in municipal public calls for energy renovation of family houses and apartments. The calls of GO Grocka (05.12.2025), the City of Kragujevac (10.12.2025) and GO Stari grad (04.02.2026), for example, included it.

Whether your municipality co-finances heat pumps, and by how much, is set out in the text of its call. Municipalities publish their calls on their own schedules.

Support

What kind of support can I expect?

In calls under the national programme the share is up to 50% for one measure and up to 65% for the advanced package of measures, with a maximum amount per measure set by the call.

Check your municipality's website to see whether an energy renovation call is open.

Subsidies in Serbia
Financing

Green loans

Banks in Serbia offer energy efficiency loans under the GEFF programme (EBRD), for example Erste, ProCredit, Intesa, 3Bank and NLB Komercijalna banka. Check directly with the bank whether a loan covers a heat pump, and what the rate and terms are.

Green loans
Support

Get a free, no-obligation quote now!

Send us the basic details of your house and heating. We will propose a suitable heat pump and an indicative price for your building.

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