Modeled residential air source heat pump project

Capital cost: $23,055,508

Lifetime energy cost savings: $655,011

Net lifetime savings: $-22,400,497

Benefit-cost ratio: 0.0

Number of homes: 864

Average proposed capacity per residence (Btu/hr): 25,240 Btu/hr

Excess generation capacity needed (kW): 1,898 kW

Expected average coefficient of performance (COP): 3.32

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