Modeled residential air source heat pump project

Capital cost: $1,832,417

Lifetime energy cost savings: $14,572

Net lifetime savings: $-1,817,845

Benefit-cost ratio: 0.0

Number of homes: 73

Average proposed capacity per residence (Btu/hr): 14,454 Btu/hr

Excess generation capacity needed (kW): 127 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.