Modeled residential air source heat pump project

Capital cost: $743,012

Lifetime energy cost savings: $-351,237

Net lifetime savings: $-1,094,249

Benefit-cost ratio: -0.5

Number of homes: 37

Average proposed capacity per residence (Btu/hr): 13,156 Btu/hr

Excess generation capacity needed (kW): 44 kW

Expected average coefficient of performance (COP): 2.52

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