Cost of Converting from Heating Oil to Natural Gas
How much does it cost?
There are many issues to consider when converting from oil to gas, not the least of which is the cost. After all, if the intention is to save money, you have to know how much you’re spending first! Here’s a look at the typical costs:
|New gas furnace or boiler (equipment and installation, excluding the cost of running a gas line to the house if one does not already exist)||$4,000 - $11,000|
|Chimney lining||$1,500 - $3,000|
|Removal of above ground oil storage tank||$500 - $2,500|
|Total:||$6,000 - $13,500|
Is it worth it?
The answer to that question depends on a number of factors such as:
- How long you plan to remain in your house.
- The future price of natural gas and heating oil.
- The weather (the warmer the winter, the longer it will take to make up the cost in future energy savings).
To get the best advice for your situation, please contact us!
Natural gas and heating oil prices, a long term... MORE