Modeled residential air source heat pump project

Capital cost: $206,007

Lifetime energy cost savings: $12,900

Net lifetime savings: $-193,107

Benefit-cost ratio: 0.1

Number of homes: 24

Average proposed capacity per residence (Btu/hr): 5,139 Btu/hr

Excess generation capacity needed (kW): 9 kW

Expected average coefficient of performance (COP): 3.63

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