Modeled residential air source heat pump project

Capital cost: $1,302,480

Lifetime energy cost savings: $-209,028

Net lifetime savings: $-1,511,508

Benefit-cost ratio: -0.2

Number of homes: 81

Average proposed capacity per residence (Btu/hr): 10,813 Btu/hr

Excess generation capacity needed (kW): 92 kW

Expected average coefficient of performance (COP): 2.99

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