Modeled residential air source heat pump project

Capital cost: $449,255

Lifetime energy cost savings: $-772,409

Net lifetime savings: $-1,221,664

Benefit-cost ratio: -1.7

Number of homes: 35

Average proposed capacity per residence (Btu/hr): 12,141 Btu/hr

Excess generation capacity needed (kW): 38 kW

Expected average coefficient of performance (COP): 3.32

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