Modeled residential air source heat pump project

Capital cost: $1,530,999

Lifetime energy cost savings: $-986,473

Net lifetime savings: $-2,517,472

Benefit-cost ratio: -0.6

Number of homes: 27

Average proposed capacity per residence (Btu/hr): 45,446 Btu/hr

Excess generation capacity needed (kW): 162 kW

Expected average coefficient of performance (COP): 2.39

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