Modeled residential air source heat pump project

Capital cost: $1,152,448

Lifetime energy cost savings: $295,803

Net lifetime savings: $-856,645

Benefit-cost ratio: 0.3

Number of homes: 51

Average proposed capacity per residence (Btu/hr): 15,041 Btu/hr

Excess generation capacity needed (kW): 73 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.