Modeled residential air source heat pump project

Capital cost: $68,750,682

Lifetime energy cost savings: $85,305,193

Net lifetime savings: $16,554,511

Benefit-cost ratio: 1.2

Number of homes: 3632

Average proposed capacity per residence (Btu/hr): 21,494 Btu/hr

Excess generation capacity needed (kW): 3,370 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.