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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.

Boilers are equipped with multiple safety features to ensure safe operation. These include pressure relief valves to prevent overpressure, temperature high-limit switches to avoid overheating, and flame failure safety devices in gas boilers to cut off the gas supply if the flame goes out unexpectedly. Low water cutoffs prevent operation with insufficient water levels, and pressure gauges help monitor pressure levels. Ventilation and flue systems prevent the buildup of harmful gasses. Boilers often feature error code systems for automatic shutdown during malfunctions and gas leak detection for safety. Regular maintenance is crucial to ensure these safety features function correctly.

Costs range from $3,000 to $7,500, depending on system size and efficiency.

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.