Modeled residential air source heat pump project

Capital cost: $942,792

Lifetime energy cost savings: $-295,867

Net lifetime savings: $-1,238,658

Benefit-cost ratio: -0.3

Number of homes: 72

Average proposed capacity per residence (Btu/hr): 9,694 Btu/hr

Excess generation capacity needed (kW): 47 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.