Modeled residential air source heat pump project

Capital cost: $1,921,025

Lifetime energy cost savings: $-863,346

Net lifetime savings: $-2,784,371

Benefit-cost ratio: -0.4

Number of homes: 92

Average proposed capacity per residence (Btu/hr): 11,739 Btu/hr

Excess generation capacity needed (kW): 142 kW

Expected average coefficient of performance (COP): 2.52

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