Modeled residential air source heat pump project

Capital cost: $825,216

Lifetime energy cost savings: $-631,466

Net lifetime savings: $-1,456,681

Benefit-cost ratio: -0.8

Number of homes: 37

Average proposed capacity per residence (Btu/hr): 14,031 Btu/hr

Excess generation capacity needed (kW): 45 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.