Modeled residential air source heat pump project

Capital cost: $3,049,455

Lifetime energy cost savings: $-1,398,191

Net lifetime savings: $-4,447,646

Benefit-cost ratio: -0.5

Number of homes: 104

Average proposed capacity per residence (Btu/hr): 19,717 Btu/hr

Excess generation capacity needed (kW): 215 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.