Modeled residential air source heat pump project

Capital cost: $1,986,874

Lifetime energy cost savings: $-1,129,883

Net lifetime savings: $-3,116,758

Benefit-cost ratio: -0.6

Number of homes: 63

Average proposed capacity per residence (Btu/hr): 19,840 Btu/hr

Excess generation capacity needed (kW): 109 kW

Expected average coefficient of performance (COP): 2.43

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