Modeled residential air source heat pump project

Capital cost: $8,207,809

Lifetime energy cost savings: $-1,065,609

Net lifetime savings: $-9,273,418

Benefit-cost ratio: -0.1

Number of homes: 219

Average proposed capacity per residence (Btu/hr): 25,202 Btu/hr

Excess generation capacity needed (kW): 519 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.