Modeled residential air source heat pump project

Capital cost: $1,776,030

Lifetime energy cost savings: $808,366

Net lifetime savings: $-967,663

Benefit-cost ratio: 0.5

Number of homes: 145

Average proposed capacity per residence (Btu/hr): 13,908 Btu/hr

Excess generation capacity needed (kW): 78 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.