Modeled residential air source heat pump project

Capital cost: $552,722

Lifetime energy cost savings: $62,738

Net lifetime savings: $-489,984

Benefit-cost ratio: 0.1

Number of homes: 26

Average proposed capacity per residence (Btu/hr): 20,108 Btu/hr

Excess generation capacity needed (kW): 46 kW

Expected average coefficient of performance (COP): 3.32

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