Modeled residential air source heat pump project

Capital cost: $1,326,194

Lifetime energy cost savings: $1,070,641

Net lifetime savings: $-255,553

Benefit-cost ratio: 0.8

Number of homes: 58

Average proposed capacity per residence (Btu/hr): 21,628 Btu/hr

Excess generation capacity needed (kW): 109 kW

Expected average coefficient of performance (COP): 3.32

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