Modeled residential air source heat pump project

Capital cost: $598,391

Lifetime energy cost savings: $455,588

Net lifetime savings: $-142,802

Benefit-cost ratio: 0.8

Number of homes: 24

Average proposed capacity per residence (Btu/hr): 28,311 Btu/hr

Excess generation capacity needed (kW): 34 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.