Modeled residential air source heat pump project

Capital cost: $1,240,575

Lifetime energy cost savings: $-359,218

Net lifetime savings: $-1,599,793

Benefit-cost ratio: -0.3

Number of homes: 36

Average proposed capacity per residence (Btu/hr): 26,483 Btu/hr

Excess generation capacity needed (kW): 60 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.