Converting From Oil to Gas
If you?re looking to replace your old, out-of-date oil heating equipment, the benefits of cheaper, cleaner gas heating may appeal, and could see your home running more efficiently.
Savings; the stats
On average, households running on natural gas saved around $800 compared to those using oil heating equipment, according to a study published by the US Energy Information Administration. In fact, around 50% of the country already runs on natural gas, whereas only 8% use oil (The rest use electricity (34%) and propane (8%), which are considered to be the more expensive options). If this has got your attention, then read on.
Fuel types available near you
Natural gas requires a gas main running under your street, allowing the gas to be piped directly into your home?s heating equipment; unlike oil, which has to be delivered by truck. Even in areas where the use of oil is most common, the majority of neighborhoods will already have gas lines. Granted, if yours doesn?t, it could take a little convincing to your local utility company, and can be arranged by consulting your neighbors in order to put a request in.
How much does gas equipment cost?
You may be surprised to know that gas-fired equipment is actually cheaper than investing in the oil-fired variety. A basic furnace or a boiler will cost you between $1,500 and $3,000 for gas, and up to $8,000 for oil. Gas high-efficiency systems usually come at around $3,500 to $5,500 whereas for oil you?ll pay between $4,500 and $10,000 for high-efficiency. Either of these systems could be eligible for tax credits up to $300, and you could even apply for local incentives.
How much is installation?
When it comes to installing your gas heating equipment, there are two stages to consider; outside and inside your home. In order to supply your home with gas, the utility company will have to run an underground pipe connecting the gas main to your house, and a meter will be installed. This can cost between $1,000 and $1,500. It may be less, depending on the utility company.
The second stage is usually handled by your contractor, and this involves piping the gas from the meter to your heating equipment; this normally costs around $500 to $1,000.
Any other expenses to consider?
Depending on which gas system you choose, you may need to line your chimney, as it will have to deal with extra moisture in gas exhaust which can lead to the masonry being damaged. This doesn?t apply for high-efficiency systems. Removing your oil tank can also cost between $750 (above ground) or $3,000 (buried) ? but this isn?t a necessity.
Should I convert from oil to gas?
Although you may have to pay to have the equipment fitted, the savings on your energy bills should mean you?ll recover that cost in under five years? time. You?ll also be more energy efficient, and you?ll be considerably lowering your carbon footprint. And just think of that six-burner stove; there?s a reason why they use the term ?cooking with gas,? you know.
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By Ken Roberts | Tags: Oil To Gas Conversions