Modeled residential air source heat pump project

Capital cost: $364,404

Lifetime energy cost savings: $490,008

Net lifetime savings: $125,604

Benefit-cost ratio: 1.3

Number of homes: 20

Average proposed capacity per residence (Btu/hr): 12,252 Btu/hr

Excess generation capacity needed (kW): 26 kW

Expected average coefficient of performance (COP): 2.99

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