Modeled residential air source heat pump project

Capital cost: $4,662,208

Lifetime energy cost savings: $11,472,467

Net lifetime savings: $6,810,259

Benefit-cost ratio: 2.5

Number of homes: 273

Average proposed capacity per residence (Btu/hr): 19,587 Btu/hr

Excess generation capacity needed (kW): 337 kW

Expected average coefficient of performance (COP): 3.80

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