Modeled residential air source heat pump project

Capital cost: $2,181,730

Lifetime energy cost savings: $-2,539,241

Net lifetime savings: $-4,720,971

Benefit-cost ratio: -1.2

Number of homes: 40

Average proposed capacity per residence (Btu/hr): 46,630 Btu/hr

Excess generation capacity needed (kW): 209 kW

Expected average coefficient of performance (COP): 2.66

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