Modeled residential air source heat pump project

Capital cost: $2,004,276

Lifetime energy cost savings: $531,417

Net lifetime savings: $-1,472,860

Benefit-cost ratio: 0.3

Number of homes: 54

Average proposed capacity per residence (Btu/hr): 21,960 Btu/hr

Excess generation capacity needed (kW): 135 kW

Expected average coefficient of performance (COP): 2.92

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