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Upgrading Oilheat Equipment & Payback Analysis

Is your furnace or boiler 25 years old or older? If it is, you may want to consider a heating system upgrade. Besides making your home extremely warm and cozy, an upgrade will also increase its value.

Recent innovations in Oilheating equipment include two-stage burners, self-diagnostic and monitoring equipment, electronic ignition and low-mass boilers. New equipment can boast efficiencies as high as 95% (compare that with the 60%-average efficiencies of Oilheat equipment back in the '70s).

You might be wondering if it makes economical sense to upgrade ... and the answer: Yes!

This graph will help determine you the annual savings that you would receive if you upgrade from an inefficient Oilheat system to a high efficiency system. Find the Annual Fuel Utilization Efficiency (AFUE) of your current system (which can be found on a label affixed to your equipment) on the vertical axis. Then, find the AFUE of the new efficient heating system on the horizontal axis. The number that intersects with these two variables is the projected dollar savings based upon 800 gallons of Oilheat used per year at $2.00 a gallon*.

*Actual savings may vary.

The payback for the installation of a new boiler or furnace is between 3 to 6 years. With a short payback, and the knowledge that a new boiler or furnace will save you money and use less energy, you can be sure that upgrading benefits your budget, home and environment!

So take the first step toward increased comfort and higher property value and upgrade today!