Modeled residential air source heat pump project

Capital cost: $1,067,115

Lifetime energy cost savings: $-1,065,652

Net lifetime savings: $-2,132,768

Benefit-cost ratio: -1.0

Number of homes: 41

Average proposed capacity per residence (Btu/hr): 17,501 Btu/hr

Excess generation capacity needed (kW): 75 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.