Modeled non-residential air source heat pump project
Capital cost ($): $2,001,035
Lifetime energy cost savings ($): $5,527,305
Net lifetime savings ($): $3,526,270
Benefit-cost ratio: 2.8
Estimated square feet heated by ASHP systems: 144,294
Excess generation capacity needed (kW): 170 kW
Expected average coefficient of performance (COP): 3.80
This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in non-residential buildings (assumed to heat 30% of non-residential square footage).