Modeled residential air source heat pump project

Capital cost: $18,370,950

Lifetime energy cost savings: $-5,740,479

Net lifetime savings: $-24,111,429

Benefit-cost ratio: -0.3

Number of homes: 199

Average proposed capacity per residence (Btu/hr): 51,899 Btu/hr

Excess generation capacity needed (kW): 1,356 kW

Expected average coefficient of performance (COP): 2.52

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