Quote:
Originally Posted by Brian Carlton
With the cost of our electric at $0.21, you are not going to gain a penny of savings with this system. It sounds nice, in theory, but electric still costs 50% more than oil............at current oil prices ($4.50/gallon).
The only way this system makes sense is if you have the tenants pay the electric. Otherwise, a new boiler with a decent tankless coil is still the way to go.
Besides, it's not at all good for a boiler to shut it down for six months............
Any natural gas in the building? That's the way to go.
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No. There was gas but the former owner had it disconnected although the pipes are still in place and I can pressure test them.
I have toyed with the idea of a complete gas conversion,boiler and hot water,either tankless coil with an insulated storage tank or point of use unit/units.
I suppose I can call Keyspan/National Grip,whatever,and ask about restoring sevice to the house,which is all I need,just up to the foundation,the rest I'll do myself.