Modeled residential air source heat pump project

Capital cost: $6,157,141

Lifetime energy cost savings: $63,824

Net lifetime savings: $-6,093,317

Benefit-cost ratio: 0.0

Number of homes: 128

Average proposed capacity per residence (Btu/hr): 23,537 Btu/hr

Excess generation capacity needed (kW): 1 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 all residential buildings.