Modeled residential air source heat pump project

Capital cost: $3,375,921

Lifetime energy cost savings: $-3,927,040

Net lifetime savings: $-7,302,961

Benefit-cost ratio: -1.2

Number of homes: 69

Average proposed capacity per residence (Btu/hr): 41,829 Btu/hr

Excess generation capacity needed (kW): 323 kW

Expected average coefficient of performance (COP): 2.66

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