Modeled residential air source heat pump project

Capital cost: $522,107

Lifetime energy cost savings: $103,619

Net lifetime savings: $-418,488

Benefit-cost ratio: 0.2

Number of homes: 25

Average proposed capacity per residence (Btu/hr): 19,754 Btu/hr

Excess generation capacity needed (kW): 44 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.