Modeled residential air source heat pump project

Capital cost: $4,040,508

Lifetime energy cost savings: $-100,627

Net lifetime savings: $-4,141,134

Benefit-cost ratio: -0.0

Number of homes: 105

Average proposed capacity per residence (Btu/hr): 22,768 Btu/hr

Excess generation capacity needed (kW): 272 kW

Expected average coefficient of performance (COP): 2.92

This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in all residential buildings.