Modeled residential air source heat pump project

Capital cost: $44,686,466

Lifetime energy cost savings: $3,218,382

Net lifetime savings: $-41,468,084

Benefit-cost ratio: 0.1

Number of homes: 1007

Average proposed capacity per residence (Btu/hr): 24,947 Btu/hr

Excess generation capacity needed (kW): 3,298 kW

Expected average coefficient of performance (COP): 2.52

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