Modeled residential air source heat pump project

Capital cost: $582,905

Lifetime energy cost savings: $-315,998

Net lifetime savings: $-898,903

Benefit-cost ratio: -0.5

Number of homes: 34

Average proposed capacity per residence (Btu/hr): 16,216 Btu/hr

Excess generation capacity needed (kW): 54 kW

Expected average coefficient of performance (COP): 3.32

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