Heating Oil by 2030: What the Future Holds

What the future holds

The heating oil industry has undergone a transformation in the last decade, leading to major breakthroughs in cleanliness, system technology and the introduction of renewable Bioheat®. The next decade will bring even more benefits to homeowners who live in oil-heated homes. As we look ahead to 2030, here’s what we anticipate:

  • HIGHER BIO BLENDS – Right now in New Jersey, many gallons of heating oil are considered Bioheat, which is a blend of regular oil and biofuels. Biofuels are made from renewable materials like soybeans and sunflowers. The vast majority of Bioheat is B5 (5% Bio blend) or lower. In 10 years’ time, it’s expected that B20 will be the norm with even higher blends to follow. The increased Bio blend will lead to an even cleaner, greener, more renewable fuel.

  • SUPER HIGH-EFFICIENCY EQUIPMENT – Today’s heating equipment regularly achieves efficiency levels of 85% or better. With the introduction of higher blends of Bioheat, we will start to see super high-efficiency systems available in the U.S. These systems will achieve efficiency levels of 90% or more! See how much you can save with a new system.

  • A CARBON-NEUTRAL FUTURE – The long-term expectation is that heating oil will become a carbon-neutral fuel. This means that heating will have no carbon footprint or greenhouse gas emissions. The industry is on a pathway to achieving this standard, which will keep heating oil at the forefront of the American energy revolution.

  • ULTRA-MODERN STORAGE TANKS – Furnaces and boilers aren’t the only types of oil heating equipment that have improved substantially over the years. There have been major advancements in heating oil storage tanks too!

    Homeowners prefer to have their oil tanks easily accessible, either in their basement or outside their home. Aboveground tanks are smaller, easier to work with and provide extra protection.

    Today’s tank technology is truly impressive. Some aboveground tanks are double-walled to give homeowners complete peace of mind. Plus, some tanks boast 20-year and 30-year warranties.

    When it comes time to sell your home, an aboveground tank will make your property much more marketable. If you have a new and improved aboveground tank located outside, this can even add to your curb appeal. Today’s aboveground tanks look a lot more attractive than the ones you might have seen at your grandparents’ house decades ago!