Modeled residential air source heat pump project

Capital cost: $1,881,515

Lifetime energy cost savings: $22,462

Net lifetime savings: $-1,859,052

Benefit-cost ratio: 0.0

Number of homes: 51

Average proposed capacity per residence (Btu/hr): 25,455 Btu/hr

Excess generation capacity needed (kW): 106 kW

Expected average coefficient of performance (COP): 2.64

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