Modeled residential air source heat pump project

Capital cost: $3,022,419

Lifetime energy cost savings: $-2,737,894

Net lifetime savings: $-5,760,313

Benefit-cost ratio: -0.9

Number of homes: 100

Average proposed capacity per residence (Btu/hr): 20,323 Btu/hr

Excess generation capacity needed (kW): 213 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.