Upgrade or Convert: The Most Cost-Effective Choice
If your heating system is over 15 years old, you may be thinking about different options to save on energy costs. Depending on the area in which you live, you probably have multiple options for your energy sources. If you are considering bringing natural gas into your home, it could cost you up to $9,000 after everything is all said and done. In addition to purchasing a new gas boiler or furnace, you may need to reline the chimney, pay the utility to run a gas line, install an excess flow valve to protect against fire or explosion, plumb and wire the new system, and remove your existing oil tank.
In most cases, the long-term cost of upgrading your current heating oil system with an efficient ENERGY STAR® heating oil system is just as efficient of an option compared to converting your home heating to an alternative energy source. Recent advances in technology now offer heating oil systems that can cut your annual consumption by 30%. This can save you an average of $1 on each heating oil gallon purchased, which translates to over $625 per year of savings in annual heating costs (given average price per gallon is $3.50 and your annual consumption is 600 gallons).
Contact one of our members today to receive a free estimate on a new heating or cooling system!