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Generally, an oil furnace is considered safer than a gas furnace for several reasons. While both types of furnaces can produce carbon monoxide, a leak in an oil furnace is easier to detect due to the smell. Oil furnaces also don't connect to a gas pipeline, which reduces the chance of a fuel leak. Most importantly, heating oil is not combustible, whereas natural gas is highly flammable. This means there is a much lower risk of combustion or explosion with an oil furnace. However, an oil furnace can still pose a fire hazard if it tips over.

Using heating oil to heat your home has its advantages, but it also has its disadvantages. 

Consider these drawbacks before installing a heating oil system:

• Heating oil prices fluctuate frequently

• Risk of oil spills or leaks

• Produces more air pollution and soot compared to a gas furnace

• Regular maintenance required for equipment

• Need to reorder heating oil consistently to avoid running out

A furnace is a big unit where gas, heating oil, or electricity heats the air. The warmed air is then pushed back out through ducts and vents. 

A boiler uses electricity, heating oil, or gas to heat water that is pushed into the room through a radiator. This is one of the oldest and most effective ways to heat a house, but radiators can also be unsightly and leave hot and cold spots in the room.

Heat pumps use a refrigerant to move heat from outside into the house and return it to the room through ducts and vents.

No, boilers and water heaters are not interchangeable because they serve different primary functions. Boilers are used for central heating systems, providing hot water or steam to heat your home. In contrast, a water heater's purpose is to supply hot water for daily household use, such as for faucets and showers. A water heater alone cannot supply the warm water or steam needed for a central heating system.

While they are not interchangeable, it is common to have both a boiler and a water heater. In fact, a conventional boiler often works best when a water heater system is already in place. The two systems can be combined to provide both heating and hot water, either by pairing a boiler with an indirect water heater or by installing a premade combination boiler-water heater unit. For home heating, some homeowners may also opt for a furnace instead of a boiler.