Modeled residential air source heat pump project

Capital cost: $1,778,860

Lifetime energy cost savings: $-2,053,473

Net lifetime savings: $-3,832,333

Benefit-cost ratio: -1.2

Number of homes: 50

Average proposed capacity per residence (Btu/hr): 30,416 Btu/hr

Excess generation capacity needed (kW): 170 kW

Expected average coefficient of performance (COP): 2.66

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