Modeled residential air source heat pump project

Capital cost: $2,331,871

Lifetime energy cost savings: $1,428

Net lifetime savings: $-2,330,443

Benefit-cost ratio: 0.0

Number of homes: 103

Average proposed capacity per residence (Btu/hr): 15,223 Btu/hr

Excess generation capacity needed (kW): 165 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.