Modeled residential air source heat pump project

Capital cost: $3,132,963

Lifetime energy cost savings: $-131,416

Net lifetime savings: $-3,264,379

Benefit-cost ratio: -0.0

Number of homes: 103

Average proposed capacity per residence (Btu/hr): 20,454 Btu/hr

Excess generation capacity needed (kW): 221 kW

Expected average coefficient of performance (COP): 2.99

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