Modeled residential air source heat pump project

Capital cost: $1,217,834

Lifetime energy cost savings: $-262,340

Net lifetime savings: $-1,480,174

Benefit-cost ratio: -0.2

Number of homes: 97

Average proposed capacity per residence (Btu/hr): 8,443 Btu/hr

Excess generation capacity needed (kW): 86 kW

Expected average coefficient of performance (COP): 2.99

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