Oil fired hot water heater - any help? (inspections, cost)
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THIS past season it was cheaper to have electric heat in your home. I know from experience. I have oil heat & hot water. I also do property management at a large development with all units 100% electric. It was definitely cheaper running ALL electric including electric heat over oil useage and then factor in your regular bill.
It's probably an anomaly due to the coincidence of a total horror show of a winter and the high oil prices. Next year could be different who knows...
Right now nat gas is golden but that could change as well. I remember not too very long ago (late 90's?) When gas was more than oil.
Update - Meenan oil quoted me 2400. Had a private plumber come by and give an estimate. He ballparked 2300-2400. Will let me know for sure tomorrow when the supply store is open.
If both are the same, should I go with the oil co. Or the private plumber?
Go with the oil company and see if they will offer you no interest financing as they did me. Also as the other poster said, they will guarantee their work.
THIS past season it was cheaper to have electric heat in your home. I know from experience. I have oil heat & hot water. I also do property management at a large development with all units 100% electric. It was definitely cheaper running ALL electric including electric heat over oil useage and then factor in your regular bill.
It's probably an anomaly due to the coincidence of a total horror show of a winter and the high oil prices. Next year could be different who knows...
Right now nat gas is golden but that could change as well. I remember not too very long ago (late 90's?) When gas was more than oil.
People just dont get how expensive oil is. El is actually cheaper.
People just dont get how expensive oil is. El is actually cheaper.
Well right now it is. That's why all this stuff is a crapshoot.
You never know when oil will drop or gas will rise.
Electric heat currently is cheaper than oil but I wouldn't recommend installing it into your home because pricing isn't stable enough.
Gas is still the way to go right now but again, that could all change in a heartbeat.
Tankless heater model is known to be highly energy efficient and consumes less power when compared to the traditional model. By making use of heaters with no tank, you will be able to heat the water without using much electricity. I can very well say that you will be saving about 60% of the heating costs. It cuts down on your bill amount to a considerable extent and helps saving money.
I converted this house to natural gas from oil about 5 years ago, and it was an excellent decision. The savings is about $1K+ yearly, and the system has already paid for itself. There's a surplus of natural gas, so no worries that supplies will dwindle (at least not this generation). Things got a bit pricey this past winter due to the extraordinary cold weather, but I'm sure it would have been worse if I still had that old, inefficient oil burner and had to pay $3.75 a gallon.
If you can afford a conversion upfront, do it. A green energy conversion also improves the value of your house. Meenan did my installation. They did a good job, but I felt their marketing/upselling was a bit pushy.
Well right now it is. That's why all this stuff is a crapshoot.
You never know when oil will drop or gas will rise.
Electric heat currently is cheaper than oil but I wouldn't recommend installing it into your home because pricing isn't stable enough.
Gas is still the way to go right now but again, that could all change in a heartbeat.
I agree, I wouldn't put el heat in. But for a hot water heater, its a no brainer. We will never see cheap oil again.
Tankless heater model is known to be highly energy efficient and consumes less power when compared to the traditional model. By making use of heaters with no tank, you will be able to heat the water without using much electricity. I can very well say that you will be saving about 60% of the heating costs. It cuts down on your bill amount to a considerable extent and helps saving money.
I heard about these, and wondering if there's any problem with hot water on-demand with these units. As I posted above, I converted to natural gas, and the system uses a conventional water tank. A tankless heater wasn't offered with these conversions.
NO way at least on Long Island an electric will be the most expensive to operate the cost of the unit might be less but not to operate
OK, believe what you want. I will continue to save year after year.
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