Modeled residential air source heat pump project

Capital cost: $6,782,785

Lifetime energy cost savings: $3,876,395

Net lifetime savings: $-2,906,390

Benefit-cost ratio: 0.6

Number of homes: 200

Average proposed capacity per residence (Btu/hr): 18,007 Btu/hr

Excess generation capacity needed (kW): 480 kW

Expected average coefficient of performance (COP): 2.52

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