Modeled residential air source heat pump project

Capital cost: $1,238,593

Lifetime energy cost savings: $-1,414,998

Net lifetime savings: $-2,653,591

Benefit-cost ratio: -1.1

Number of homes: 40

Average proposed capacity per residence (Btu/hr): 20,822 Btu/hr

Excess generation capacity needed (kW): 87 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.