Modeled residential air source heat pump project

Capital cost: $2,958,962

Lifetime energy cost savings: $638,339

Net lifetime savings: $-2,320,623

Benefit-cost ratio: 0.2

Number of homes: 162

Average proposed capacity per residence (Btu/hr): 20,740 Btu/hr

Excess generation capacity needed (kW): 130 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.