Modeled non-residential air source heat pump project
Capital cost ($): $731,366
Lifetime energy cost savings ($): $442,237
Net lifetime savings ($): $-289,129
Benefit-cost ratio: 0.6
Estimated square feet heated by ASHP systems: 61,788
Excess generation capacity needed (kW): 40 kW
Expected average coefficient of performance (COP): 2.86
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).