Modeled residential air source heat pump project

Capital cost: $6,183,340

Lifetime energy cost savings: $-3,048,770

Net lifetime savings: $-9,232,110

Benefit-cost ratio: -0.5

Number of homes: 179

Average proposed capacity per residence (Btu/hr): 23,228 Btu/hr

Excess generation capacity needed (kW): 436 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.