Modeled residential air source heat pump project

Capital cost: $1,700,806

Lifetime energy cost savings: $-346,981

Net lifetime savings: $-2,047,787

Benefit-cost ratio: -0.2

Number of homes: 47

Average proposed capacity per residence (Btu/hr): 21,410 Btu/hr

Excess generation capacity needed (kW): 114 kW

Expected average coefficient of performance (COP): 2.92

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