Modeled residential air source heat pump project

Capital cost: $3,253,066

Lifetime energy cost savings: $1,370,077

Net lifetime savings: $-1,882,989

Benefit-cost ratio: 0.4

Number of homes: 76

Average proposed capacity per residence (Btu/hr): 20,944 Btu/hr

Excess generation capacity needed (kW): 164 kW

Expected average coefficient of performance (COP): 2.86

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