Resetting the settings on an HP printer can be necessary if you want to restore the printer to its default or factory settings, especially if you're encountering problems with its configuration. To know more about how to reset hp printer to factory settings. The specific steps to reset an HP printer may vary depending on the model, but here are some general guidelines to help you reset settings on an HP printer. Turn off the HP printer by pressing the power button. Unplug the power cord from the back of the printer and wait for at least 60 seconds. Plug the power cord back in. Turn on the printer.