Modeled residential air source heat pump project

Capital cost: $3,498,246

Lifetime energy cost savings: $-4,093,360

Net lifetime savings: $-7,591,605

Benefit-cost ratio: -1.2

Number of homes: 69

Average proposed capacity per residence (Btu/hr): 31,895 Btu/hr

Excess generation capacity needed (kW): 192 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.