Modeled residential air source heat pump project

Capital cost: $567,700

Lifetime energy cost savings: $-409,807

Net lifetime savings: $-977,507

Benefit-cost ratio: -0.7

Number of homes: 52

Average proposed capacity per residence (Btu/hr): 10,326 Btu/hr

Excess generation capacity needed (kW): 47 kW

Expected average coefficient of performance (COP): 3.32

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