Modeled residential air source heat pump project

Capital cost: $1,519,052

Lifetime energy cost savings: $-1,045,998

Net lifetime savings: $-2,565,051

Benefit-cost ratio: -0.7

Number of homes: 39

Average proposed capacity per residence (Btu/hr): 23,046 Btu/hr

Excess generation capacity needed (kW): 102 kW

Expected average coefficient of performance (COP): 2.92

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