Modeled residential air source heat pump project

Capital cost: $4,042,699

Lifetime energy cost savings: $-61,933

Net lifetime savings: $-4,104,632

Benefit-cost ratio: -0.0

Number of homes: 153

Average proposed capacity per residence (Btu/hr): 17,116 Btu/hr

Excess generation capacity needed (kW): 266 kW

Expected average coefficient of performance (COP): 2.84

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