Modeled residential air source heat pump project

Capital cost: $1,079,795

Lifetime energy cost savings: $-663,870

Net lifetime savings: $-1,743,664

Benefit-cost ratio: -0.6

Number of homes: 45

Average proposed capacity per residence (Btu/hr): 13,490 Btu/hr

Excess generation capacity needed (kW): 80 kW

Expected average coefficient of performance (COP): 2.52

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