Modeled residential air source heat pump project

Capital cost: $3,772,256

Lifetime energy cost savings: $-2,205,929

Net lifetime savings: $-5,978,186

Benefit-cost ratio: -0.6

Number of homes: 235

Average proposed capacity per residence (Btu/hr): 13,816 Btu/hr

Excess generation capacity needed (kW): 340 kW

Expected average coefficient of performance (COP): 2.99

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