Modeled residential air source heat pump project

Capital cost: $9,723,508

Lifetime energy cost savings: $-4,687,230

Net lifetime savings: $-14,410,739

Benefit-cost ratio: -0.5

Number of homes: 202

Average proposed capacity per residence (Btu/hr): 41,153 Btu/hr

Excess generation capacity needed (kW): 930 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.