Modeled residential air source heat pump project

Capital cost: $5,898,576

Lifetime energy cost savings: $-468,480

Net lifetime savings: $-6,367,055

Benefit-cost ratio: -0.1

Number of homes: 173

Average proposed capacity per residence (Btu/hr): 22,927 Btu/hr

Excess generation capacity needed (kW): 373 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.