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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.

The best time to buy home heating oil is in the summer when the demand is lowest, as the prices are usually lower. However, waiting until the summer to buy is often unavoidable unless you install a separate storage tank. If you have the space for a second tank, you can expect to pay between $1,000 and $4,000 for the oil tank replacement or installation, depending on the capacity and location. You could quickly recuperate these costs, though, by stocking up on heating oil in the summer and avoiding deliveries in the winter when prices are highest.

In most cases, repairing a radiator is more affordable than replacing it. A typical repair may cost between $100 and $200, while a replacement can average $1,500, with a range of $250 to $2,500 depending on the unit type. Radiator issues are often simple fixes for a professional, such as a blown fuse, malfunctioning thermostat, or a loose valve, and can take less than an hour. However, if the long-term costs of fixing the radiator are higher than replacement, it's better to get a new model. It is recommended to consult a heating expert to diagnose the problem and determine the best solution for your situation.

You should get anywhere from three to five quotes for HVAC replacement to get an idea of the average cost of a new unit. Although this quote-collecting process can be time consuming, it allows you to compare what work is required, what type of unit you should install, and how much you should expect to pay for the service.