Modeled residential air source heat pump project

Capital cost: $10,493,898

Lifetime energy cost savings: $5,388,957

Net lifetime savings: $-5,104,941

Benefit-cost ratio: 0.5

Number of homes: 519

Average proposed capacity per residence (Btu/hr): 22,959 Btu/hr

Excess generation capacity needed (kW): 461 kW

Expected average coefficient of performance (COP): 3.74

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