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How much does the conversion generally cost? If you have a relatively new oil burner (about 10 years old), is the cost involved in converting justified, because none of the negatives of oil heat should be affecting me (minus price), as long as I tune up the boiler each year. I have no oil smell in my home at all.
For example, if you spent $6000 on the conversion and $2000 per year in gas heat versus perhaps $3000 per year in oil heat, that would be 6 years before you made your money back from the conversion.
Of course, if the price of oil becomes upwards of $6-7 in the future, then of course the equation changes.
$5000-7000 depending on several issues. How do you make your domestic hot water. Pay back, in your case, is 7-9 years.
A coworker just got off the phone with National Grid. They gave him a quote for converting to nat. gas. Everyone's situation will be different depending on where the main gas line is located. He has a gas main in the street and his quote was as followed:
$5300 for the run to the house and the hook up.
A 80% efficient H.W. boiler for $600.(baseline boiler, standing pilot)
I dont think this number is that bad. But I would look into getting an upgrade on the boiler.
$5000-7000 depending on several issues. How do you make your domestic hot water. Pay back, in your case, is 7-9 years.
I have an indirect system? I think that's what it's called. The oil burner makes the hot water, but there is a large water tank next to it, which is not a water heater. I always hear the burner going off after we take a shower, but only for a few minutes.
My system is a Weil McLean Gold Oil that the engineer told me was about 10 years old at the inpection, which is why I am having a hard time thinking about getting rid of it, he said it's a great burner and it's so relatively new. Of course $6+ oil might make my decision a lot easier.
Obviously right now gas is cheaper, but who's to say it will remain as cheap as it is compared to oil? I do have gas in my street, so that is a good thing, if and when the time comes. But if I want to get a similar boiler to the one I have now, how much extra will that cost?
A coworker just got off the phone with National Grid. They gave him a quote for converting to nat. gas. Everyone's situation will be different depending on where the main gas line is located. He has a gas main in the street and his quote was as followed:
$5300 for the run to the house and the hook up.
A 80% efficient H.W. boiler for $600.(baseline boiler, standing pilot)
I dont think this number is that bad. But I would look into getting an upgrade on the boiler.
80% AFLUE is horrible........i would recommend a 90%/prices sound about right.
I have an indirect system? I think that's what it's called. The oil burner makes the hot water, but there is a large water tank next to it, which is not a water heater. I always hear the burner going off after we take a shower, but only for a few minutes.
My system is a Weil McLean Gold Oil that the engineer told me was about 10 years old at the inpection, which is why I am having a hard time thinking about getting rid of it, he said it's a great burner and it's so relatively new. Of course $6+ oil might make my decision a lot easier.
Obviously right now gas is cheaper, but who's to say it will remain as cheap as it is compared to oil? I do have gas in my street, so that is a good thing, if and when the time comes. But if I want to get a similar boiler to the one I have now, how much extra will that cost?
Well you have a very good system right now.....you will reuse the indirect storage tank and most of what is there. In your case the pay back will be longer, 10-15 years or longer. Tough call......maybe add another oil tank to buy when oil is low and buying more you may save some. If you have the room. I heard you can get better deals when ordering 550 gallions verse 275 and you can stock up alittle. Annual maint. with oil is critical. With that, I'm still a gas fan
Well you have a very good system right now.....you will reuse the indirect storage tank and most of what is there. In your case the pay back will be longer, 10-15 years or longer. Tough call......maybe add another oil tank to buy when oil is low and buying more you may save some. If you have the room. I heard you can get better deals when ordering 550 gallions verse 275 and you can stock up alittle. Annual maint. with oil is critical. With that, I'm still a gas fan
what is the reason my pay back would be longer? I wish I had gas, it is a lot easier to worry about at the very least. How much would it cost to install a second oil tank, that is an interesting idea. Hell, put 5 of them in your basement, buy the oil now, store it, and then sell it to other people for a profit down the road....hmmmm....no seriously, I am just looking to minimize my costs, I don't have the cajones to do something like that
what is the reason my pay back would be longer? I wish I had gas, it is a lot easier to worry about at the very least. How much would it cost to install a second oil tank, that is an interesting idea. Hell, put 5 of them in your basement, buy the oil now, store it, and then sell it to other people for a profit down the road....hmmmm....no seriously, I am just looking to minimize my costs, I don't have the cajones to do something like that
Well you have a very good system now so your savings will be more closely tied to the price of oil verse gas. Gas prices are likely to rise too. If your boiler was 30 years old, you would reap the benefits of having a more effiecent boiler. Unless you purchased a very highly effiecent boiler, like a condensing boiler, both the oil and gas with be with 5% of each other.
Xbure9x, are you able to get gas in your home? Is it available? Thats the first place to start. Then you need to contact National Grid and get a quote for converting. Make sure you tell them you have a indirect tank connected. And keep it connected if you switch. Its the most efficient method for hot water, besides solar of course.
Well you have a very good system now so your savings will be more closely tied to the price of oil verse gas. Gas prices are likely to rise too. If your boiler was 30 years old, you would reap the benefits of having a more effiecent boiler. Unless you purchased a very highly effiecent boiler, like a condensing boiler, both the oil and gas with be with 5% of each other.
so, would it be accurate to say that unless I got a super high efficiency gas boiler during the conversion that I would actually use MORE total gas than oil with my current system, thus negating some of the savings?
We are buying a house with a buried oil tank-another post-and I just received a call from keyspan saying there was no gas in my area-which means the nearest line is over 100 feet away. The woman found out it is on the next block but it runs about $70 a foot to run the line. Although the block is only one over, the blocks are long, we are at the end of the street and they can't go through backyards so they have to use only the main roads. Just relaying my story so you can check to see if the conversion is even possible. For us, just running the line would be at least 3000ft x $70=hello oil.
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