Modeled residential air source heat pump project

Capital cost: $5,056,000

Lifetime energy cost savings: $5,783,008

Net lifetime savings: $727,008

Benefit-cost ratio: 1.1

Number of homes: 102

Average proposed capacity per residence (Btu/hr): 24,255 Btu/hr

Excess generation capacity needed (kW): 365 kW

Expected average coefficient of performance (COP): 2.43

This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in all residential buildings.