Modeled residential air source heat pump project

Capital cost: $808,878

Lifetime energy cost savings: $250,951

Net lifetime savings: $-557,927

Benefit-cost ratio: 0.3

Number of homes: 47

Average proposed capacity per residence (Btu/hr): 16,332 Btu/hr

Excess generation capacity needed (kW): 58 kW

Expected average coefficient of performance (COP): 3.77

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