Modeled residential air source heat pump project

Capital cost: $185,116

Lifetime energy cost savings: $67,868

Net lifetime savings: $-117,248

Benefit-cost ratio: 0.4

Number of homes: 17

Average proposed capacity per residence (Btu/hr): 10,299 Btu/hr

Excess generation capacity needed (kW): 15 kW

Expected average coefficient of performance (COP): 3.32

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