How Much Does Converting From Oil to Gas Cost?
According to the U.S. Energy Information Administration, it will cost an average of $2,046 to heat a home with oil and $679 to heat a home with gas. Heating a home, unfortunately, is one of the most expensive ways to heat a home
How much does it cost?
- According to CBS Boston, you can expect to pay between $4,500 and $7,000 if you are switching a forced hot air system. Radiators, on the other hand, can cost higher. This will be about $7,500 or more. Converting a forced hot water system is the most expensive. It is somewhere between $7,500 and $11,000.
- The website Convertfromoiltogas.com also gives the typical costs associated in converting oil into natural gas. The total would amount to anywhere from $6,000 to $13,500. The said price range is already inclusive to a new gas furnace or boiler, chimney lining and removal of aboveground oil storage tank.
- Another article on The Wall Street Journal Online revealed that switching from oil to gas heating in the home is a multi-step process that usually costs between $4,000 and $8,000 for a single-family home. This price will increase depending on the energy needed by the whole household. In addition, the cost of installing a gas line and the specific model of furnace would be a determinant as well. With these figures and average usage, it is projected that the conversion would take four to six years to pay for itself.
What is going to be included?
- As mentioned, the conversion of oil to gas is a process that takes time and must be done by experts. There are different companies all over the country that specialize in this kind of work. Thus, you need to look for the best one to help you with your project.
- As for the process of conversion, you need to first identify the need for energy or new gas equipment in your household. This will serve as the determinant of what will be the appropriate thing to do for the conversion. After this, you need to contact the HVAC contractor or plumber of your choice. They will be the one to perform preliminary equipment design and specifications. The official site of the Public Service Enterprise Group Incorporated gives a complete and detailed information on the entire process.
- The company American Way discusses the entire process of conversion at Plumbingheatingcoolingnj.com.
What are the extra costs?
- Line to your chimney. If you are switching to gas from oil, you may need to have a line to your chimney in order to prevent the moisture in gas from damaging the masonry. According to Houselogic.com, this can cost around $750 to $2,000.
- Removing your old oil system (oil tank). Although this is not always necessary, it will cost you around $750 if you choose to remove it. If the tank is buried underground, this will cost you as much as $3,000.
- However, most companies will have their prices in packages that will include many services. What you pay is inclusive to installation, removal of old systems and the necessary work needed.
Factor(s) that influence the price:
- The size of the household. This determines the energy needed, which in return is the biggest determinant of what the total costs will be.
Tips to know:
- A lot of people are considering the switch from oil to natural gas as the latter can let them save 15% to 34% of costs in the long run.
- Conversion from oil to gas can give value to your money if you will consider a number of factors, one of which is the period of years you plan to stay in your house. Not to mention that you need to take into consideration the future price of natural gas and heating oil.
How can I save money?
- Always look for the right places with the right information. Make sure that converting from oil heating system to natural gas would be the right thing for your situation. It does not mean that if others find great savings on it that you will find the same price as well. As a wise consumer, you need to compare the cost of converting to upgrading to a new high-efficiency oil system. Choose which one will be favorable to you. Consider the years to come and other important factors. Always choose the one that is not just great for your budget but is great for the environment as well.
- To find a qualified contractor in your area, consider using services such as HomeAdvisor.com to find a low-cost contractor. Here, you can describe your project and get multiple quotes from contractors in your area.