Modeled residential air source heat pump project

Capital cost: $7,334,507

Lifetime energy cost savings: $84,613

Net lifetime savings: $-7,249,893

Benefit-cost ratio: 0.0

Number of homes: 195

Average proposed capacity per residence (Btu/hr): 22,254 Btu/hr

Excess generation capacity needed (kW): 493 kW

Expected average coefficient of performance (COP): 2.92

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