Modeled residential air source heat pump project

Capital cost: $48,662,859

Lifetime energy cost savings: $29,019,104

Net lifetime savings: $-19,643,755

Benefit-cost ratio: 0.6

Number of homes: 1353

Average proposed capacity per residence (Btu/hr): 21,280 Btu/hr

Excess generation capacity needed (kW): 3,272 kW

Expected average coefficient of performance (COP): 2.92

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