Modeled residential air source heat pump project

Capital cost: $6,942,758

Lifetime energy cost savings: $624,026

Net lifetime savings: $-6,318,733

Benefit-cost ratio: 0.1

Number of homes: 179

Average proposed capacity per residence (Btu/hr): 22,948 Btu/hr

Excess generation capacity needed (kW): 467 kW

Expected average coefficient of performance (COP): 2.92

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