Modeled residential air source heat pump project

Capital cost: $6,664,109

Lifetime energy cost savings: $-3,571,538

Net lifetime savings: $-10,235,648

Benefit-cost ratio: -0.5

Number of homes: 235

Average proposed capacity per residence (Btu/hr): 26,822 Btu/hr

Excess generation capacity needed (kW): 623 kW

Expected average coefficient of performance (COP): 3.32

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