Modeled residential air source heat pump project

Capital cost: $1,526,211

Lifetime energy cost savings: $-449,249

Net lifetime savings: $-1,975,460

Benefit-cost ratio: -0.3

Number of homes: 37

Average proposed capacity per residence (Btu/hr): 21,370 Btu/hr

Excess generation capacity needed (kW): 115 kW

Expected average coefficient of performance (COP): 2.43

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