Modeled residential air source heat pump project

Capital cost: $1,650,721

Lifetime energy cost savings: $-230,331

Net lifetime savings: $-1,881,052

Benefit-cost ratio: -0.1

Number of homes: 69

Average proposed capacity per residence (Btu/hr): 27,164 Btu/hr

Excess generation capacity needed (kW): 102 kW

Expected average coefficient of performance (COP): 3.74

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