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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.

The average cost to replace or install a new HVAC system is around $7,500. However, the price can range from $5,000 to $12,500, depending on factors like the size of your home, the type and brand of the unit, and your specific heating and cooling needs. If you only need to replace certain components, the cost will be lower; for example, a new AC unit can cost between $2,200 and $5,500, while a new furnace costs $3,200 to $6,000. If additional work like new ductwork is required, the total cost could be as high as $22,000. It's best to contact a local HVAC company for an accurate quote.

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

It can take anywhere from four hours to three days to replace a boiler with a new one. How long your particular boiler installation takes will depend on whether you need a gas line installed and if you’re switching to a new boiler system. 

Replacing a combination boiler or standard boiler with the same system should only take four to six hours. Meanwhile, switching from a conventional boiler system to a combination boiler system could take a few days.