Modeled residential air source heat pump project

Capital cost: $3,292,360

Lifetime energy cost savings: $-516,050

Net lifetime savings: $-3,808,410

Benefit-cost ratio: -0.2

Number of homes: 98

Average proposed capacity per residence (Btu/hr): 22,590 Btu/hr

Excess generation capacity needed (kW): 232 kW

Expected average coefficient of performance (COP): 2.99

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