Modeled residential air source heat pump project

Capital cost: $4,132,248

Lifetime energy cost savings: $-239,797

Net lifetime savings: $-4,372,045

Benefit-cost ratio: -0.1

Number of homes: 123

Average proposed capacity per residence (Btu/hr): 22,590 Btu/hr

Excess generation capacity needed (kW): 292 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.