How much will it cost to convert my heating system from electricity to oilheat?
This is one of the most frequently asked questions. It is also one of the most difficult to answer because the costs vary based on the size of the house, type of electric heat installed and the construction of the house. Generally speaking, conversions involving heat pumps, electric furnaces and electric boilers are the least expensive, costing $4,000 to $10,000. Baseboards and other types of electric heat will cost more, usually in the range of $8,000 to $15,000. Conversions to oilheat are investments which can lower your energy bills, enhance the value of your home and result in more comfort and better utilization of your living space — overall, one of your best investment alternatives. Many homeowners who finance their conversion find that their reduced energy costs substantially cover their loan payments. After the balance is paid, the savings are theirs to keep. It can be well worth your time to call your local heating oil dealer or HVAC contractor to ask for an estimate — and f
