Modeled residential air source heat pump project

Capital cost: $1,604,056

Lifetime energy cost savings: $2,140,785

Net lifetime savings: $536,728

Benefit-cost ratio: 1.3

Number of homes: 124

Average proposed capacity per residence (Btu/hr): 14,689 Btu/hr

Excess generation capacity needed (kW): 86 kW

Expected average coefficient of performance (COP): 3.74

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