Modeled non-residential air source heat pump project
Capital cost ($): $18,478,987
Lifetime energy cost savings ($): $10,203,953
Net lifetime savings ($): $-8,275,034
Benefit-cost ratio: 0.6
Estimated square feet heated by ASHP systems: 393,055
Excess generation capacity needed (kW): 1,259 kW
Expected average coefficient of performance (COP): 2.92
This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in non-residential buildings (assumed to heat 30% of non-residential square footage).