Modeled residential air source heat pump project

Capital cost: $34,853,735

Lifetime energy cost savings: $37,724,228

Net lifetime savings: $2,870,493

Benefit-cost ratio: 1.1

Number of homes: 1177

Average proposed capacity per residence (Btu/hr): 33,623 Btu/hr

Excess generation capacity needed (kW): 1,070 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.