Modeled residential air source heat pump project

Capital cost: $3,934,929

Lifetime energy cost savings: $-749,745

Net lifetime savings: $-4,684,675

Benefit-cost ratio: -0.2

Number of homes: 95

Average proposed capacity per residence (Btu/hr): 23,849 Btu/hr

Excess generation capacity needed (kW): 274 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.