It depends on who you ask and your particular situation.
Changing oil furnace to gas.
If natural gas isn t offered in your area or the initial price of conversion is simply too high one alternative is to keep your oil heat but move the oil tank into the basement to free up yard space.
If you have a business it is likely to improve your bottom line so you can put savings back into your company.
Converting to a gas furnace from an oil furnace costs a bundle up front saves money each month converting from an oil furnace to a gas furnace will cost you a bundle to install but will save you real money each month.
Plenums cost with installation about 250.
And according to new england cable news conversions will run a household 3 500 10 000.
So if it s time to replace your old oil burning system you might be wondering if it makes sense to switch.
If your chimney isn t lined it can damage the masonry.
It s very likely that when you replace an oil furnace with a gas furnace you ll have to change the furnace plenum.
However the lower fuel cost makes a gas furnace cheaper to operate and the relatively clean burning fuel is.
How much does it cost to convert from oil to gas heating.
Natural gas furnaces on the other hand may only be as efficient as an oil heater.
The plenum is the sheet metal that connects the furnace to the duct work.
Oftentimes these oil tanks are outside and take up needed space in the backyard.
If you re a homeowner it may help lower the cost of your energy bills.
Some homeowners wish to convert their oil furnaces or boilers to natural gas because of large obtrusive oil tanks.
Natural gas is the best energy value over electricity propane and heating oil.
Removing an above ground tank will cost about 1 000 whereas a buried tank can cost upwards of 3 500.
All things considered converting from an oil to a gas furnace will cost you about 4 900.
The venting flue for the furnace may also need to be replaced.
Natural gas was again around 900.
According to cbs boston switching to a natural gas forced hot air system can cost between 4 500 and 7 000.
However owners of older chimney vented oil fired furnaces don t necessarily face the same safety concerns posed by natural gas and propane since oil fired boilers and forced air furnaces tend to be much less likely to produce carbon monoxide.
The year before when oil prices peaked oil heating cost an average of 2 000.
Lining your chimney if you install a gas furnace will likely be required due to the moisture inside the gas exhaust.