Modeled residential air source heat pump project

Capital cost: $7,817,082

Lifetime energy cost savings: $3,278,348

Net lifetime savings: $-4,538,734

Benefit-cost ratio: 0.4

Number of homes: 161

Average proposed capacity per residence (Btu/hr): 23,757 Btu/hr

Excess generation capacity needed (kW): 395 kW

Expected average coefficient of performance (COP): 2.86

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