Modeled residential air source heat pump project

Capital cost: $554,246

Lifetime energy cost savings: $240,876

Net lifetime savings: $-313,370

Benefit-cost ratio: 0.4

Number of homes: 53

Average proposed capacity per residence (Btu/hr): 9,891 Btu/hr

Excess generation capacity needed (kW): 46 kW

Expected average coefficient of performance (COP): 3.32

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