Modeled residential air source heat pump project

Capital cost: $565,346

Lifetime energy cost savings: $-446,234

Net lifetime savings: $-1,011,581

Benefit-cost ratio: -0.8

Number of homes: 10

Average proposed capacity per residence (Btu/hr): 35,566 Btu/hr

Excess generation capacity needed (kW): 31 kW

Expected average coefficient of performance (COP): 2.43

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