Modeled residential air source heat pump project

Capital cost: $4,869,788

Lifetime energy cost savings: $-281,894

Net lifetime savings: $-5,151,682

Benefit-cost ratio: -0.1

Number of homes: 135

Average proposed capacity per residence (Btu/hr): 24,256 Btu/hr

Excess generation capacity needed (kW): 344 kW

Expected average coefficient of performance (COP): 2.99

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