Modeled residential air source heat pump project

Capital cost: $14,241,496

Lifetime energy cost savings: $7,974,184

Net lifetime savings: $-6,267,312

Benefit-cost ratio: 0.6

Number of homes: 515

Average proposed capacity per residence (Btu/hr): 31,400 Btu/hr

Excess generation capacity needed (kW): 1,095 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.