Modeled residential air source heat pump project

Capital cost: $249,477

Lifetime energy cost savings: $-110,723

Net lifetime savings: $-360,201

Benefit-cost ratio: -0.4

Number of homes: 23

Average proposed capacity per residence (Btu/hr): 10,293 Btu/hr

Excess generation capacity needed (kW): 18 kW

Expected average coefficient of performance (COP): 3.77

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