Modeled residential air source heat pump project

Capital cost: $2,096,071

Lifetime energy cost savings: $-972,199

Net lifetime savings: $-3,068,270

Benefit-cost ratio: -0.5

Number of homes: 36

Average proposed capacity per residence (Btu/hr): 40,174 Btu/hr

Excess generation capacity needed (kW): 118 kW

Expected average coefficient of performance (COP): 2.64

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