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This is a matter of personal preference, as each method has its own pros and cons. Oil furnaces are safer, but the smell can be off-putting to some consumers. Oil is also more expensive than gas. However, oil furnaces boast a higher BTU rate per hour, so a smaller amount of oil can heat a larger space when compared to a gas furnace.

Capping a gas line costs approximately $125. The final price varies from $75 and $150 depending on your contractor’s hourly rate. To completely remove a gas line and cap it at the base can cost up to $250. Most contractors will charge a flat fee instead of by the hour since capping is often part of a larger project.

There isn’t a way to convert electric fireplaces easily or cheaply to gas. The process requires major renovations, as opposed to wood fireplaces, which are often already vented and have space for the gas-burning equipment. To convert an electric fireplace to gas, you’d need to remove your old fireplace and get a completely new install.

Modern gas fireplaces are relatively efficient and don't burn excessive amounts of gas, especially compared to older models. A gas fireplace might use between 10,000 to 40,000 BTUs per hour; the total amount of gas used depends on the fireplace's size, heat output, and how often it's in use. To help keep your running costs down, consider using a thermostat and turning off the fireplace when not needed to minimize gas consumption