Modeled residential air source heat pump project

Capital cost: $4,906,327

Lifetime energy cost savings: $-2,367,026

Net lifetime savings: $-7,273,353

Benefit-cost ratio: -0.5

Number of homes: 139

Average proposed capacity per residence (Btu/hr): 30,177 Btu/hr

Excess generation capacity needed (kW): 469 kW

Expected average coefficient of performance (COP): 2.66

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