Modeled residential air source heat pump project

Capital cost: $900,304

Lifetime energy cost savings: $580,628

Net lifetime savings: $-319,676

Benefit-cost ratio: 0.6

Number of homes: 45

Average proposed capacity per residence (Btu/hr): 20,460 Btu/hr

Excess generation capacity needed (kW): 71 kW

Expected average coefficient of performance (COP): 3.64

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