Modeled residential air source heat pump project

Capital cost: $3,307,865

Lifetime energy cost savings: $2,199,725

Net lifetime savings: $-1,108,140

Benefit-cost ratio: 0.7

Number of homes: 166

Average proposed capacity per residence (Btu/hr): 18,141 Btu/hr

Excess generation capacity needed (kW): 228 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.