Modeled residential air source heat pump project

Capital cost: $925,876

Lifetime energy cost savings: $-303,673

Net lifetime savings: $-1,229,549

Benefit-cost ratio: -0.3

Number of homes: 26

Average proposed capacity per residence (Btu/hr): 23,921 Btu/hr

Excess generation capacity needed (kW): 54 kW

Expected average coefficient of performance (COP): 2.66

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