Modeled residential air source heat pump project

Capital cost: $2,462,773

Lifetime energy cost savings: $-320,708

Net lifetime savings: $-2,783,481

Benefit-cost ratio: -0.1

Number of homes: 113

Average proposed capacity per residence (Btu/hr): 12,549 Btu/hr

Excess generation capacity needed (kW): 171 kW

Expected average coefficient of performance (COP): 2.84

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