Modeled residential air source heat pump project

Capital cost: $587,601

Lifetime energy cost savings: $722,040

Net lifetime savings: $134,439

Benefit-cost ratio: 1.2

Number of homes: 43

Average proposed capacity per residence (Btu/hr): 12,441 Btu/hr

Excess generation capacity needed (kW): 41 kW

Expected average coefficient of performance (COP): 3.63

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