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You can save money on heating oil through a combination of improving home efficiency and smart purchasing strategies.

Home Efficiency and Usage:

• Improve Insulation: Ensure your home, especially the basement and attic, is well-insulated and sealed against drafts to prevent heat leakage.

• Manage Your Thermostat: Use a properly calibrated and programmable thermostat. Lower the temperature by a few degrees, particularly when you are away from home or asleep.

Purchasing Strategies:

• Buy in the Off-Season: Order heating oil during the summer months when prices are generally at their lowest. This strategy is most effective if you have a large primary tank or a separate storage tank to accommodate bulk deliveries.

• Consider a Delivery Contract: Some companies offer contracts with a set price for the term. This can lead to savings if market prices for oil increase, but you might pay more if prices drop.

Warmed or cooled air can escape your home through drafty windows and doors. If you notice any gaps, be sure to caulk and seal them. You can also hire a local pro for an energy audit to get a list of energy-saving recommendations. 

Finally, check your insulation. It can settle in over time and become less effective. The Environmental Protection Agency (EPA) estimates that you can save an average of 15% on heating and cooling costs (or 11% of total energy costs) by sealing leaks and making sure attics, crawl spaces, and basements have a nice layer of insulation.

Propane is more cost-efficient than natural gas on a per-unit basis because it produces twice as much heat energy as an equivalent amount of natural gas. But propane is not ideal if you already have a gas line installed. The best choice for your home depends on the efficiency of your appliances and the amount of installation required of your fuel choice.

The main difference between an outdoor wood furnace versus an outdoor wood boiler is what each appliance is heating. An outdoor wood furnace burns wood to create heat, which warms the air and moves it through the ducts in your home. An outdoor wood boiler uses the heat from burning wood to warm water, which goes through pipes to radiators in the home.