Modeled residential air source heat pump project

Capital cost: $3,426,742

Lifetime energy cost savings: $571,953

Net lifetime savings: $-2,854,789

Benefit-cost ratio: 0.2

Number of homes: 102

Average proposed capacity per residence (Btu/hr): 22,590 Btu/hr

Excess generation capacity needed (kW): 242 kW

Expected average coefficient of performance (COP): 2.99

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