Modeled residential air source heat pump project

Capital cost: $45,370,280

Lifetime energy cost savings: $5,415,649

Net lifetime savings: $-39,954,631

Benefit-cost ratio: 0.1

Number of homes: 1543

Average proposed capacity per residence (Btu/hr): 33,695 Btu/hr

Excess generation capacity needed (kW): 3,184 kW

Expected average coefficient of performance (COP): 3.61

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