Modeled residential air source heat pump project

Capital cost: $4,162,992

Lifetime energy cost savings: $-351,817

Net lifetime savings: $-4,514,809

Benefit-cost ratio: -0.1

Number of homes: 144

Average proposed capacity per residence (Btu/hr): 19,440 Btu/hr

Excess generation capacity needed (kW): 263 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.