Quote:
Originally Posted by Brian Carlton
Point.
We're currently at $3.50 for oil and about $200/cord of wood. I suppose I could heat the house with six cords over the winter at a cost of $1200. The oil (about 500 gallons) is $1750. The differential isn't great enough to spend $6K on one of those units even thought they are tempting.
What I might do is to get a natural gas tankless heater. I have gas in the house and I could completely shutdown the oil furnace for about six months. That would save about 200 gallons of oil and the payback for such a unit would be very quick.
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Oil here is within pennies of $4 gal. If you have gas, a gas fired boiler might be worth considering. Where available here in the North Country, gas is substantially cheaper than oil. Tankless domestic water heaters offer considerable savings but have their limitations. Think twice if you have water quality issues, particularly hard water.
Jim