Modeled residential air source heat pump project

Capital cost: $2,522,977

Lifetime energy cost savings: $-1,219,142

Net lifetime savings: $-3,742,119

Benefit-cost ratio: -0.5

Number of homes: 79

Average proposed capacity per residence (Btu/hr): 27,304 Btu/hr

Excess generation capacity needed (kW): 241 kW

Expected average coefficient of performance (COP): 2.66

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