Modeled residential air source heat pump project

Capital cost: $2,143,534

Lifetime energy cost savings: $-1,666,131

Net lifetime savings: $-3,809,665

Benefit-cost ratio: -0.8

Number of homes: 39

Average proposed capacity per residence (Btu/hr): 34,577 Btu/hr

Excess generation capacity needed (kW): 118 kW

Expected average coefficient of performance (COP): 2.43

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