Modeled residential air source heat pump project

Capital cost: $4,470,610

Lifetime energy cost savings: $-837,059

Net lifetime savings: $-5,307,669

Benefit-cost ratio: -0.2

Number of homes: 191

Average proposed capacity per residence (Btu/hr): 15,580 Btu/hr

Excess generation capacity needed (kW): 285 kW

Expected average coefficient of performance (COP): 2.92

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