Modeled residential air source heat pump project

Capital cost: $4,531,003

Lifetime energy cost savings: $858,575

Net lifetime savings: $-3,672,428

Benefit-cost ratio: 0.2

Number of homes: 219

Average proposed capacity per residence (Btu/hr): 23,492 Btu/hr

Excess generation capacity needed (kW): 281 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.