Modeled residential air source heat pump project

Capital cost: $65,610,882

Lifetime energy cost savings: $-2,937,934

Net lifetime savings: $-68,548,816

Benefit-cost ratio: -0.0

Number of homes: 2068

Average proposed capacity per residence (Btu/hr): 21,334 Btu/hr

Excess generation capacity needed (kW): 4,630 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.