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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.

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.

If you’re looking for a way to heat your home that is lower in cost and higher in efficiency, you should run the numbers to see what it would look like to switch to gas or electric heat. The best choice for how to heat your home depends on your location, budget, and energy priorities.

Hydronic and standard electric baseboard heaters differ in how they operate, their cost, and their performance. Standard convection heaters use electric coils to heat the air directly, while hydronic heaters warm a contained liquid like water or oil, which then radiates heat into the room.

In terms of cost and efficiency, hydronic heaters usually have a higher upfront price but are more energy-efficient and cheaper to run over time. This is because the heated liquid retains warmth, allowing the heater to continue providing heat for a while after the thermostat turns it off. In contrast, electric heaters provide heat more quickly but are less efficient.

Ultimately, the better choice depends on your priorities. If you need a room to heat up fast and have a lower initial budget, an electric heater might be suitable. If long-term energy savings are more important and you don't mind a slower heat-up time, a hydronic heater is likely the better option.