Modeled residential air source heat pump project

Capital cost: $2,164,530

Lifetime energy cost savings: $-506,201

Net lifetime savings: $-2,670,730

Benefit-cost ratio: -0.2

Number of homes: 63

Average proposed capacity per residence (Btu/hr): 19,315 Btu/hr

Excess generation capacity needed (kW): 160 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.