Modeled residential air source heat pump project

Capital cost: $63,639,668

Lifetime energy cost savings: $85,082,944

Net lifetime savings: $21,443,276

Benefit-cost ratio: 1.3

Number of homes: 3397

Average proposed capacity per residence (Btu/hr): 21,271 Btu/hr

Excess generation capacity needed (kW): 3,406 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.