Modeled residential air source heat pump project

Capital cost: $1,854,322

Lifetime energy cost savings: $-860,526

Net lifetime savings: $-2,714,847

Benefit-cost ratio: -0.5

Number of homes: 30

Average proposed capacity per residence (Btu/hr): 42,648 Btu/hr

Excess generation capacity needed (kW): 104 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.