Modeled non-residential air source heat pump project
Capital cost ($): $1,166,082
Lifetime energy cost savings ($): $2,211,042
Net lifetime savings ($): $1,044,959
Benefit-cost ratio: 1.9
Estimated square feet heated by ASHP systems: 101,747
Excess generation capacity needed (kW): 104 kW
Expected average coefficient of performance (COP): 3.74
This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in non-residential buildings (assumed to heat 30% of non-residential square footage).