Modeled residential air source heat pump project

Capital cost: $452,760

Lifetime energy cost savings: $239,232

Net lifetime savings: $-213,528

Benefit-cost ratio: 0.5

Number of homes: 19

Average proposed capacity per residence (Btu/hr): 27,057 Btu/hr

Excess generation capacity needed (kW): 20 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.