Modeled residential air source heat pump project

Capital cost: $2,463,867

Lifetime energy cost savings: $1,123,012

Net lifetime savings: $-1,340,855

Benefit-cost ratio: 0.5

Number of homes: 68

Average proposed capacity per residence (Btu/hr): 17,729 Btu/hr

Excess generation capacity needed (kW): 124 kW

Expected average coefficient of performance (COP): 2.86

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