Modeled residential air source heat pump project

Capital cost: $1,056,716

Lifetime energy cost savings: $-1,431,301

Net lifetime savings: $-2,488,017

Benefit-cost ratio: -1.4

Number of homes: 34

Average proposed capacity per residence (Btu/hr): 35,615 Btu/hr

Excess generation capacity needed (kW): 74 kW

Expected average coefficient of performance (COP): 3.61

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