Modeled residential air source heat pump project

Capital cost: $2,205,218

Lifetime energy cost savings: $-2,427,113

Net lifetime savings: $-4,632,331

Benefit-cost ratio: -1.1

Number of homes: 72

Average proposed capacity per residence (Btu/hr): 20,595 Btu/hr

Excess generation capacity needed (kW): 156 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.