Modeled residential air source heat pump project

Capital cost: $1,353,271

Lifetime energy cost savings: $-101,777

Net lifetime savings: $-1,455,047

Benefit-cost ratio: -0.1

Number of homes: 89

Average proposed capacity per residence (Btu/hr): 10,224 Btu/hr

Excess generation capacity needed (kW): 95 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.