Modeled residential air source heat pump project

Capital cost: $3,145,122

Lifetime energy cost savings: $-60,655

Net lifetime savings: $-3,205,777

Benefit-cost ratio: -0.0

Number of homes: 81

Average proposed capacity per residence (Btu/hr): 22,974 Btu/hr

Excess generation capacity needed (kW): 211 kW

Expected average coefficient of performance (COP): 2.92

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