Modeled residential air source heat pump project

Capital cost: $2,235,678

Lifetime energy cost savings: $-986,275

Net lifetime savings: $-3,221,953

Benefit-cost ratio: -0.4

Number of homes: 95

Average proposed capacity per residence (Btu/hr): 14,805 Btu/hr

Excess generation capacity needed (kW): 123 kW

Expected average coefficient of performance (COP): 2.43

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