Modeled residential air source heat pump project

Capital cost: $1,226,658

Lifetime energy cost savings: $-152,281

Net lifetime savings: $-1,378,939

Benefit-cost ratio: -0.1

Number of homes: 40

Average proposed capacity per residence (Btu/hr): 34,820 Btu/hr

Excess generation capacity needed (kW): 76 kW

Expected average coefficient of performance (COP): 3.74

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