Modeled residential air source heat pump project

Capital cost: $3,405,570

Lifetime energy cost savings: $-940,240

Net lifetime savings: $-4,345,810

Benefit-cost ratio: -0.3

Number of homes: 77

Average proposed capacity per residence (Btu/hr): 24,865 Btu/hr

Excess generation capacity needed (kW): 251 kW

Expected average coefficient of performance (COP): 2.52

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