Modeled residential air source heat pump project

Capital cost: $765,487

Lifetime energy cost savings: $-110,239

Net lifetime savings: $-875,726

Benefit-cost ratio: -0.1

Number of homes: 37

Average proposed capacity per residence (Btu/hr): 19,569 Btu/hr

Excess generation capacity needed (kW): 63 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.