Modeled residential air source heat pump project

Capital cost: $4,219,876

Lifetime energy cost savings: $-729,057

Net lifetime savings: $-4,948,933

Benefit-cost ratio: -0.2

Number of homes: 103

Average proposed capacity per residence (Btu/hr): 23,590 Btu/hr

Excess generation capacity needed (kW): 294 kW

Expected average coefficient of performance (COP): 2.84

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