Modeled residential air source heat pump project

Capital cost: $7,401,705

Lifetime energy cost savings: $3,032,803

Net lifetime savings: $-4,368,903

Benefit-cost ratio: 0.4

Number of homes: 249

Average proposed capacity per residence (Btu/hr): 17,115 Btu/hr

Excess generation capacity needed (kW): 515 kW

Expected average coefficient of performance (COP): 2.84

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