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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.

Steam boilers require flushing at least every six to 12 months to keep them operating effectively for as long as possible. Depending on your water quality and frequency of use, you might need to do this more frequently. The flushing process helps to remove problematic buildup of sediments. While a boiler contractor near you can perform a thorough annual flush, learning how to drain the system yourself means you can do this monthly if you experience speedy mineral accumulation because of hard water. 

Heat pumps are significantly more efficient than boilers, typically providing three to four times the amount of heat for the electricity they consume. While boilers run on fossil fuels, heat pumps use only electricity. This efficiency can lead to long-term savings on operating and maintenance costs. However, heat pumps have a higher upfront installation price compared to boilers. Despite their lower efficiency, boilers remain a popular choice for many homeowners, with 8 million in the United States alone, due to their lower initial cost and less intensive installation process. Ultimately, the best choice depends on your home's infrastructure, your budget, and your personal heating priorities.

On average, you’ll need about two gallons of oil per day to heat your house when it’s 50 degrees Fahrenheit outside. Most oil tank capacity is about 275 gallons, and heating your house with two gallons of oil per day will last about four and a half months. This consumption will vary depending on the climate and average temperature in your location. For example, if the winters are longer and colder where you live, you’ll probably need to refill your oil tank at least once to get through the winter.