Modeled residential air source heat pump project

Capital cost: $2,776,890

Lifetime energy cost savings: $-1,284,113

Net lifetime savings: $-4,061,004

Benefit-cost ratio: -0.5

Number of homes: 68

Average proposed capacity per residence (Btu/hr): 28,176 Btu/hr

Excess generation capacity needed (kW): 152 kW

Expected average coefficient of performance (COP): 2.64

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