Modeled residential air source heat pump project

Capital cost: $321,312

Lifetime energy cost savings: $21,814

Net lifetime savings: $-299,499

Benefit-cost ratio: 0.1

Number of homes: 12

Average proposed capacity per residence (Btu/hr): 18,005 Btu/hr

Excess generation capacity needed (kW): 23 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.