Modeled residential air source heat pump project

Capital cost: $5,929,943

Lifetime energy cost savings: $-2,860,106

Net lifetime savings: $-8,790,048

Benefit-cost ratio: -0.5

Number of homes: 117

Average proposed capacity per residence (Btu/hr): 43,331 Btu/hr

Excess generation capacity needed (kW): 567 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.