Modeled residential air source heat pump project

Capital cost: $2,914,572

Lifetime energy cost savings: $-1,536,461

Net lifetime savings: $-4,451,032

Benefit-cost ratio: -0.5

Number of homes: 50

Average proposed capacity per residence (Btu/hr): 40,220 Btu/hr

Excess generation capacity needed (kW): 160 kW

Expected average coefficient of performance (COP): 2.64

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