Modeled residential air source heat pump project

Capital cost: $160,815

Lifetime energy cost savings: $70,990

Net lifetime savings: $-89,825

Benefit-cost ratio: 0.4

Number of homes: 12

Average proposed capacity per residence (Btu/hr): 15,371 Btu/hr

Excess generation capacity needed (kW): 12 kW

Expected average coefficient of performance (COP): 3.80

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