Modeled residential air source heat pump project

Capital cost: $998,230

Lifetime energy cost savings: $1,054,436

Net lifetime savings: $56,206

Benefit-cost ratio: 1.1

Number of homes: 55

Average proposed capacity per residence (Btu/hr): 20,816 Btu/hr

Excess generation capacity needed (kW): 72 kW

Expected average coefficient of performance (COP): 3.80

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