Modeled residential air source heat pump project

Capital cost: $277,501

Lifetime energy cost savings: $-16,345

Net lifetime savings: $-293,846

Benefit-cost ratio: -0.1

Number of homes: 16

Average proposed capacity per residence (Btu/hr): 11,663 Btu/hr

Excess generation capacity needed (kW): 20 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.