Modeled residential air source heat pump project

Capital cost: $6,676,774

Lifetime energy cost savings: $-376,597

Net lifetime savings: $-7,053,371

Benefit-cost ratio: -0.1

Number of homes: 313

Average proposed capacity per residence (Btu/hr): 14,343 Btu/hr

Excess generation capacity needed (kW): 422 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.