Modeled residential air source heat pump project

Capital cost: $3,588,244

Lifetime energy cost savings: $-3,065,472

Net lifetime savings: $-6,653,715

Benefit-cost ratio: -0.9

Number of homes: 100

Average proposed capacity per residence (Btu/hr): 22,574 Btu/hr

Excess generation capacity needed (kW): 197 kW

Expected average coefficient of performance (COP): 2.43

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