Modeled residential air source heat pump project

Capital cost: $26,675,599

Lifetime energy cost savings: $20,480,608

Net lifetime savings: $-6,194,991

Benefit-cost ratio: 0.8

Number of homes: 784

Average proposed capacity per residence (Btu/hr): 38,634 Btu/hr

Excess generation capacity needed (kW): 1,520 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.