Modeled residential air source heat pump project

Capital cost: $3,027,160

Lifetime energy cost savings: $2,792,433

Net lifetime savings: $-234,727

Benefit-cost ratio: 0.9

Number of homes: 184

Average proposed capacity per residence (Btu/hr): 15,611 Btu/hr

Excess generation capacity needed (kW): 216 kW

Expected average coefficient of performance (COP): 3.77

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