Modeled residential air source heat pump project

Capital cost: $10,759,590

Lifetime energy cost savings: $-3,369,617

Net lifetime savings: $-14,129,208

Benefit-cost ratio: -0.3

Number of homes: 191

Average proposed capacity per residence (Btu/hr): 41,703 Btu/hr

Excess generation capacity needed (kW): 540 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.