Modeled residential air source heat pump project

Capital cost: $596,528

Lifetime energy cost savings: $-212,742

Net lifetime savings: $-809,270

Benefit-cost ratio: -0.4

Number of homes: 34

Average proposed capacity per residence (Btu/hr): 13,483 Btu/hr

Excess generation capacity needed (kW): 29 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.