Modeled residential air source heat pump project

Capital cost: $5,354,086

Lifetime energy cost savings: $-645,047

Net lifetime savings: $-5,999,133

Benefit-cost ratio: -0.1

Number of homes: 124

Average proposed capacity per residence (Btu/hr): 29,035 Btu/hr

Excess generation capacity needed (kW): 339 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.