Modeled residential air source heat pump project

Capital cost: $1,165,255

Lifetime energy cost savings: $-61,299

Net lifetime savings: $-1,226,554

Benefit-cost ratio: -0.1

Number of homes: 64

Average proposed capacity per residence (Btu/hr): 12,243 Btu/hr

Excess generation capacity needed (kW): 82 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.