Modeled residential air source heat pump project

Capital cost: $5,064,069

Lifetime energy cost savings: $-2,443,017

Net lifetime savings: $-7,507,086

Benefit-cost ratio: -0.5

Number of homes: 106

Average proposed capacity per residence (Btu/hr): 40,844 Btu/hr

Excess generation capacity needed (kW): 485 kW

Expected average coefficient of performance (COP): 2.66

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