Modeled residential air source heat pump project

Capital cost: $847,239

Lifetime energy cost savings: $-1,334,698

Net lifetime savings: $-2,181,936

Benefit-cost ratio: -1.6

Number of homes: 21

Average proposed capacity per residence (Btu/hr): 23,127 Btu/hr

Excess generation capacity needed (kW): 73 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.