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Yes. In many cases, switching from an old furnace to a high-efficiency boiler can help you save money over time. You can also save money by switching from an electric boiler to a gas boiler, which costs much less compared to the energy bills an electric boil can create. Boilers are often (but not always) more efficient than furnaces, too. Then there are discounts, rebates, and incentives that can help you save on the initial costs.

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.

Probably not. Moving a boiler to a new location is a very different prospect from replacing it in the same spot, and significantly more expensive. Plus, boilers are typically carefully positioned in proximity to pipes and radiators when installed. Homeowners may want to move boilers to free up space, prevent freezing problems that have happened in winter, or solve a noise issue—but it’s a much more costly proposition.

It takes about five to 10 minutes for heat to reach a radiator, then about one hour until the radiator fully heats up a room. The exact duration depends on the size of the room and how far away the radiator is from the boiler heating system. Heating up an entire house could take up to two hours.