Modeled residential air source heat pump project

Capital cost: $985,087

Lifetime energy cost savings: $404,383

Net lifetime savings: $-580,704

Benefit-cost ratio: 0.4

Number of homes: 48

Average proposed capacity per residence (Btu/hr): 23,303 Btu/hr

Excess generation capacity needed (kW): 43 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.