Modeled non-residential air source heat pump project
Capital cost ($): $8,417,082
Lifetime energy cost savings ($): $16,435,449
Net lifetime savings ($): $8,018,367
Benefit-cost ratio: 2.0
Estimated square feet heated by ASHP systems: 604,047
Excess generation capacity needed (kW): 751 kW
Expected average coefficient of performance (COP): 3.74
This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in non-residential buildings (assumed to heat 30% of non-residential square footage).