Modeled residential air source heat pump project

Capital cost: $259,462

Lifetime energy cost savings: $212,593

Net lifetime savings: $-46,869

Benefit-cost ratio: 0.8

Number of homes: 15

Average proposed capacity per residence (Btu/hr): 16,415 Btu/hr

Excess generation capacity needed (kW): 19 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.