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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 cost-efficiency of baseboard heaters depends on the type and how you use them. Generally, standard electric baseboard heaters can be expensive to run because they use electric resistance heating, which is less energy-efficient than systems like forced-air or heat pumps. However, hydronic and gas versions are typically much cheaper to operate. Hydronic models are more energy-efficient because they heat a liquid that retains warmth longer, preventing the thermostat from turning on and off as often. The overall running cost is also influenced by local electricity rates, your home's insulation, and your usage habits. To increase efficiency, you can use baseboard heaters for zoning, meaning you only heat the specific rooms you are using.

The best time of year to purchase or replace an HVAC system, including components like an air conditioner or furnace, is during the off-season—spring and fall. During these periods, HVAC professionals are less busy than in summer and winter, when extreme temperatures create urgent demand. Shopping during the off-season can lead to savings of 10% to 15% on an AC unit and allows you more time to find the best deal and other cost-saving incentives. Typically, air conditioning units go on sale in the fall after demand drops, while furnace prices tend to decrease in the spring.

Most experts recommend getting three to five HVAC quotes from licensed, insured, reputable local heating and cooling companies. Getting multiple detailed HVAC quotes (but not too many) lets you compare the equipment, services, and prices of several contractors without being overwhelmed by options. It can also let you see if one contractor’s prices are much higher or lower than the others and give you a chance to ask for clarification. That way, you can weed out any contractors who aren’t providing quality services or materials and find the company that best meets your budget, quality requirements, and long-term goals.