Modeled residential air source heat pump project

Capital cost: $2,415,980

Lifetime energy cost savings: $-240,311

Net lifetime savings: $-2,656,291

Benefit-cost ratio: -0.1

Number of homes: 181

Average proposed capacity per residence (Btu/hr): 8,976 Btu/hr

Excess generation capacity needed (kW): 170 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.