Modeled residential air source heat pump project

Capital cost: $103,004

Lifetime energy cost savings: $69,046

Net lifetime savings: $-33,958

Benefit-cost ratio: 0.7

Number of homes: 12

Average proposed capacity per residence (Btu/hr): 6,539 Btu/hr

Excess generation capacity needed (kW): 6 kW

Expected average coefficient of performance (COP): 3.77

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