Modeled residential air source heat pump project

Capital cost: $5,096,170

Lifetime energy cost savings: $1,004,203

Net lifetime savings: $-4,091,967

Benefit-cost ratio: 0.2

Number of homes: 230

Average proposed capacity per residence (Btu/hr): 25,181 Btu/hr

Excess generation capacity needed (kW): 380 kW

Expected average coefficient of performance (COP): 3.73

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