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Old 12-01-2013, 05:50 PM
 
1 posts, read 1,221 times
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Wife and I are buying our first home, built in 1938, 1,900 SF 2 story Cape in westchester NY. We had the inspection and the contractor mentioned the gas boiler (steam heat) may be original, and well past its useful life(Although in working order). Homeowners say their utility bills are $6,500/year and never had any issues. Is this something I should address right away, and how much might it cost to replace/what might the savings be?
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Old 12-01-2013, 05:58 PM
 
Location: Ossining, NY
552 posts, read 791,307 times
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What's the AFUE rating on the current boiler? You're looking at a few thousand to replace, at least (we're currently replacing a 30-year-old oil burner with a high-efficiency gas burner—90%+ AFUE—and some bids we've gotten have been leaning gone upwards to $10k, although there's also $1,500 in rebates available from ConEd). Our house is about the same size. Your outlay depends on if your gas line needs to be expanded to meet the BTU requirements of the new boiler you choose.
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Old 12-04-2013, 07:24 PM
 
Location: Pleasantville, NY
114 posts, read 475,364 times
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I had to read that twice... original boiler. You mean you have a gas boiler that is 75 years old? Wow, someone got their money's worth from the purchase of that thing!

My 2100 sq foot home, 3BR, 2 story contemporary with finished basement, runs me about $5700/yr in utilities (Gas & Electric). My furnace is a 30yr old gas furnace with electric start (no pilot light) and my hot water heater is a zone off the furnace. This means that the furnace runs 7 days a week, 12 months a year, to some degree.

The efficiency rating on mine is about 81~82% (had it inspected a couple of years ago).

Your utility bill is about a grand higher than mine, for almost the same amount of space (though finished, I have no cooling or heating in my basement).

I did a little research a few months ago, seeing what would be involved to replace my furnace and hot water tank (before either one dies) and I came up in the neighborhood of $10k, give or take.

If you're buying the house now, if the furnace is running fine, and I'm guessing that it's been maintained through the years, I probably would wait until when the winter is over. However, I would have a heating company come out and inspect it. They'll tell you how much life it has left, and whether or not it's being held together by chewing gum and duct tape. A home inspector won't know these details like an actual HVAC guy would. The visit will probably cost you a hundred bucks, but it'll be worth it for the peace of mind.
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Old 12-07-2013, 05:11 PM
 
1,560 posts, read 2,726,022 times
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I have a super efficient forced air furnace installed a few years ago. 1700 SF split.

I paid $4100 a year for gas AND electric in 2012. I can approximate that probably $1100-1500 of that is for gas. I think it was 5k to replace the furnace.
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