Modeled residential air source heat pump project

Capital cost: $582,679

Lifetime energy cost savings: $555,377

Net lifetime savings: $-27,302

Benefit-cost ratio: 1.0

Number of homes: 32

Average proposed capacity per residence (Btu/hr): 20,885 Btu/hr

Excess generation capacity needed (kW): 42 kW

Expected average coefficient of performance (COP): 3.80

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