Modeled residential air source heat pump project

Capital cost: $1,352,417

Lifetime energy cost savings: $-1,701,558

Net lifetime savings: $-3,053,975

Benefit-cost ratio: -1.3

Number of homes: 46

Average proposed capacity per residence (Btu/hr): 26,765 Btu/hr

Excess generation capacity needed (kW): 93 kW

Expected average coefficient of performance (COP): 3.63

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