Modeled residential air source heat pump project

Capital cost: $1,374,610

Lifetime energy cost savings: $-1,496,280

Net lifetime savings: $-2,870,890

Benefit-cost ratio: -1.1

Number of homes: 122

Average proposed capacity per residence (Btu/hr): 10,657 Btu/hr

Excess generation capacity needed (kW): 113 kW

Expected average coefficient of performance (COP): 3.32

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