Modeled residential air source heat pump project

Capital cost: $1,690,038

Lifetime energy cost savings: $-817,928

Net lifetime savings: $-2,507,966

Benefit-cost ratio: -0.5

Number of homes: 35

Average proposed capacity per residence (Btu/hr): 41,282 Btu/hr

Excess generation capacity needed (kW): 162 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.