Modeled residential air source heat pump project

Capital cost: $169,220

Lifetime energy cost savings: $71,515

Net lifetime savings: $-97,705

Benefit-cost ratio: 0.4

Number of homes: 24

Average proposed capacity per residence (Btu/hr): 6,946 Btu/hr

Excess generation capacity needed (kW): 6 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.