Modeled residential air source heat pump project

Capital cost: $743,867

Lifetime energy cost savings: $-309,042

Net lifetime savings: $-1,052,909

Benefit-cost ratio: -0.4

Number of homes: 43

Average proposed capacity per residence (Btu/hr): 19,643 Btu/hr

Excess generation capacity needed (kW): 46 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 all residential buildings.