Modeled residential air source heat pump project

Capital cost: $1,905,287

Lifetime energy cost savings: $-644,480

Net lifetime savings: $-2,549,767

Benefit-cost ratio: -0.3

Number of homes: 57

Average proposed capacity per residence (Btu/hr): 24,745 Btu/hr

Excess generation capacity needed (kW): 96 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.