Modeled residential air source heat pump project

Capital cost: $23,681,351

Lifetime energy cost savings: $8,058,529

Net lifetime savings: $-15,622,822

Benefit-cost ratio: 0.3

Number of homes: 865

Average proposed capacity per residence (Btu/hr): 31,372 Btu/hr

Excess generation capacity needed (kW): 1,662 kW

Expected average coefficient of performance (COP): 3.61

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