Modeled residential air source heat pump project

Capital cost: $803,599

Lifetime energy cost savings: $72,060

Net lifetime savings: $-731,539

Benefit-cost ratio: 0.1

Number of homes: 24

Average proposed capacity per residence (Btu/hr): 23,102 Btu/hr

Excess generation capacity needed (kW): 44 kW

Expected average coefficient of performance (COP): 2.64

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