Modeled residential air source heat pump project

Capital cost: $2,510,740

Lifetime energy cost savings: $-824,941

Net lifetime savings: $-3,335,681

Benefit-cost ratio: -0.3

Number of homes: 174

Average proposed capacity per residence (Btu/hr): 16,385 Btu/hr

Excess generation capacity needed (kW): 156 kW

Expected average coefficient of performance (COP): 3.74

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