Modeled residential air source heat pump project

Capital cost: $2,229,021

Lifetime energy cost savings: $-1,544,850

Net lifetime savings: $-3,773,872

Benefit-cost ratio: -0.7

Number of homes: 47

Average proposed capacity per residence (Btu/hr): 29,836 Btu/hr

Excess generation capacity needed (kW): 123 kW

Expected average coefficient of performance (COP): 2.43

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