Oil Heating System Cost
As oil prices rose the federal government gave rebate incentives for homeowners to convert to natural gas.
Oil heating system cost. Cost per 1000 btus for home heating oil natural gas electricity firewood propane pellet stove fuel comparing heating system efficiencies. However if you have an oil heat system it may not be worth it to consider switching to natural gas just for the cost savings. Larger homes will require larger oil furnaces in the 3 200 to 4 200 range. In some areas of the country home heating oil is much more common that natural gas making oil furnaces more popular than gas furnaces for nothing more than the fuel availability.
The year before when oil prices peaked oil heating cost an average of 2 000. Oil burner heating unit cost. Natural gas was again around 900. When oil was cheap oil furnaces dominated the market particularly in the northeastern united states.
The average oil furnace costs between 500 and 2 500 for the unit alone. A comparison of heating costs by fuel type latest data comparing home heating costs by propane gas no. 2 home heating oil electricity and natural gas. The average american homeowner will only pay around 800 for a season of natural gas heat compared to approximately 2500 for the same season with oil heat when oil prices are down.
Compare new oil furnace prices repair installation cost oil furnaces have been heating homes throughout the usa just as long or longer than any other type of forced air furnace. Oil burning furnaces at that price point can heat a house that is around 2400 square feet or less. Other heating cost factors. Prices of a new oil furnace will change with size brand and energy efficiency.
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