Upgrade Now and Save. It's always a good time.
Are you wondering if it makes economic sense to upgrade your oilheat system ... the answer is, absolutely! Some energy use reports show 45% of home energy costs go toward heating and cooling the house, so any means of reducing those costs puts money back in your pocket. And helps the environment too.
The oilheat industry is always hard at work creating the most technologically advanced heating equipment, which means today you have more available ways - and more effective ways - than ever before to upgrade and save. Change one or two components, or upgrade to a completely new Energy Star® rated oilheat system with amazing efficiency of 85% to 97%. Besides using fuel more efficiently, modern oil furnaces and boilers also produce greater heat, requiring less fuel to heat a home. Imagine 97 cents of every dollar for fuel working directly to keep your family comfortable while actually needing less fuel. Imagine how your fuel bills would shrink.
Another test of "economic sense" is the rate of return on your investment (IRR) for an upgrade. Studies from the U.S. National Oilheat Research Alliance (NORA) and the non-profit Consumer Energy Council of America (CECA) show that a modern high-efficiency oilheat system installed in an average home can reduce fuel costs as much as 40% - resulting in a payback period of just 3 to 6 years. The money you'll save on fuel pays for the upgrade. It's an investment that can pay for itself quickly.
Available rebates shorten payback periods even more. Think of a furnace or boiler upgrade as a home improvement with energy savings, and various the government help pay for it! Check with a certified Home Audit energy advisor and your local municipal administration office for more information
(see Where to Begin)
If your furnace is 15 to 20 years old
If you have an older furnace you definitely want to consider upgrading to a new energy-efficient system. In comparison with today's technologically-advanced oilheat equipment, a 15 to 20 year old furnace with 60% to 70% efficiency can cost you more than it's worth. We know that modern Energy Star® qualified equipment with an efficiency rating of 85% or 97% can pay or itself in a few short years, and after that the continued savings can go right into your pocket.
Design advancements like high-pressure flame retention burners, precision microprocessor electronic controls and more, achieve the amazing efficiency that makes oilheat equipment the right choice.
If your furnace is "nearly" new
Fortunately, there's still a lot of ways you can upgrade or enhance your oilheat system to maximize its efficiency, thereby minimizing your home energy costs. Here are the top-rated enhancements with energy savings and payback periods reported by CECA, NORA and the Canadian Oil Heat Association (COHA).
Install a programmable thermostat. Then adjust temperature settings to energy-saving levels when you're sleeping or away from home. (Reduces heating and cooling costs by 15% and can pay for itself in 1 year)
Change the flame retention burner. The modern versions of this system component create a hotter flame, burning the air/fuel mixture in a cleaner, more controlled manner and using less fuel oil. (Reduces heating costs by as much as 17% and can pay for itself in 3 years)
Get annual heating system tune-ups. When your equipment is regularly serviced and running at peak efficiency your fuel consumption is minimized. (Enjoy 10% savings on annual fuel bills and increase the lifespan of your furnace)
Install an outdoor reset control. This device regulates the water temperature in your heating system in relation to outdoor temperatures. It enhances the performance of your boiler and reduces fuel consumption by automatically lowering the water temperature on mild days and raising it on colder days. Why pay to have your boiler run as if it's always cold outside? (Save up to 25% on your annual heating bill)
Ensure you have a fresh air intake. A fresh air intake draws outside air directly into your furnace room. Without it, your furnace needs to "consume" the already heated air in your home. Why pay to replace warm air with warm air? A fresh air intake prevents your furnace from working double time and conserves energy.
Arrange a Home Energy Audit. A professional whole-home assessment will identify improvements you can make to windows and doors, wall and ceiling insulation, plus determine other energy conservation methods that could result in hundreds of dollars more in energy savings each year. The government of Ontario will even pay half of your pre-retrofit audit, up to $150.
There's no reason to wonder any more about the immediate and long-term benefits of upgrading your oilheat system: reduced home energy bills... quick payback on your investment... rebates... increased property value... continued home comfort for your family... and a cleaner, healthier environment for everyone. And as always, your reliable and trusted heating oil supplier is there to help - with information about any single system component or a complete modern system installation. Give them a call now. Or find a local oilheat expert with the Member Directory in this website.