Modeled residential air source heat pump project

Capital cost: $7,393,807

Lifetime energy cost savings: $-5,740,207

Net lifetime savings: $-13,134,014

Benefit-cost ratio: -0.8

Number of homes: 148

Average proposed capacity per residence (Btu/hr): 32,730 Btu/hr

Excess generation capacity needed (kW): 436 kW

Expected average coefficient of performance (COP): 2.52

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