Heat pumps play a central role in decarbonizing the heat supply of buildings. However, implementing heat pumps in existing buildings, still presents a significant challenge due to high temperature requirements. In this paper, we present a systematic analysis of the effects of heat source temperatures, maximum heat pump condenser temperatures, and system temperatures on the seasonal performance of heat pump systems. The quantitative performance analysis encompasses over 50 heat pumps installed in residential buildings, revealing correlations between the building characteristics, observed temperatures, and heat pump type. The performance of a heat pump system retrofitted to a 30‐dwelling multifamily building is presented in more detail. The bivalent heat pump system combines air and ground as heat sources and achieves a seasonal performance factor of 3.25 with a share of the gas boiler of 27% for the provision of space heating and domestic hot water in its first year of operation. These findings demonstrate the technical feasibility of retrofitting heat pumps in existing buildings and provide insights into overcoming the challenges associated with high temperature requirements.This article is protected by copyright. All rights reserved.