Modeled residential air source heat pump project

Capital cost: $2,486,068

Lifetime energy cost savings: $-1,896,909

Net lifetime savings: $-4,382,977

Benefit-cost ratio: -0.8

Number of homes: 74

Average proposed capacity per residence (Btu/hr): 22,590 Btu/hr

Excess generation capacity needed (kW): 175 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.