Modeled residential air source heat pump project

Capital cost: $3,274,895

Lifetime energy cost savings: $1,187,327

Net lifetime savings: $-2,087,568

Benefit-cost ratio: 0.4

Number of homes: 189

Average proposed capacity per residence (Btu/hr): 11,652 Btu/hr

Excess generation capacity needed (kW): 231 kW

Expected average coefficient of performance (COP): 2.99

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