Modeled residential air source heat pump project

Capital cost: $11,001,162

Lifetime energy cost savings: $1,488,259

Net lifetime savings: $-9,512,903

Benefit-cost ratio: 0.1

Number of homes: 249

Average proposed capacity per residence (Btu/hr): 30,484 Btu/hr

Excess generation capacity needed (kW): 602 kW

Expected average coefficient of performance (COP): 2.64

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