Modeled residential air source heat pump project

Capital cost: $3,906,689

Lifetime energy cost savings: $511,106

Net lifetime savings: $-3,395,583

Benefit-cost ratio: 0.1

Number of homes: 255

Average proposed capacity per residence (Btu/hr): 14,538 Btu/hr

Excess generation capacity needed (kW): 279 kW

Expected average coefficient of performance (COP): 3.77

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