Modeled residential air source heat pump project

Capital cost: $5,170,941

Lifetime energy cost savings: $2,653,437

Net lifetime savings: $-2,517,504

Benefit-cost ratio: 0.5

Number of homes: 317

Average proposed capacity per residence (Btu/hr): 18,522 Btu/hr

Excess generation capacity needed (kW): 227 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.