Modeled residential air source heat pump project

Capital cost: $2,232,123

Lifetime energy cost savings: $-340,631

Net lifetime savings: $-2,572,754

Benefit-cost ratio: -0.2

Number of homes: 88

Average proposed capacity per residence (Btu/hr): 17,056 Btu/hr

Excess generation capacity needed (kW): 158 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.