From the attic to basement, we're here to help you with your home energy upgrades. The Mass Save ® HEAT Loan offers interest-free financing opportunities up to $25,000 for energy-efficient home upgrades like heating and water heating equipment, central A/C and heat pumps, insulation and more. At National Grid, we are committed to helping families in our community save money. With these exciting offers, we can make it easy for you to convert your home to clean, efficient natural gas heating by putting even more money back in your pocket. We will help you save hundreds on high-efficiency equipment if you convert your home to natural gas. Gas is available. Rockaway Peninsula residents receive rebates under the Long Island program. National Grid high-efficiency equipment rebates are available for both existing gas heating and oil to gas conversion customers, regardless of equipment manufacturer. 2013 EE4587 (1/13) NYC Res Gas.
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According to the U.S. Energy Information Administration, it will cost an average of $2,046 to heat a home with oil and $679 to heat a home with gas. Heating a home, unfortunately, is one of the most expensive ways to heat a home.
“Series 40 Gas Heat” (CC BY-SA 2.0) by jblevine2004
'Utilities like National Grid should be required to proactively plan clean heating and cooling investments and other non-pipe solutions so as to avoid the need for new gas supply infrastructure.
How much does it cost to convert from oil to gas heating?
There are three factors to consider when converting from oil to a gas hookup: the equipment costs, the hookup and if other expenses are involved. When all of these factors, as mentioned below are considered, the grand total to convert from an oil furnace to a gas setup could cost anywhere from as little as $4,700 to more than $12,500 in complex circumstances. Since all jobs are so unique, consider getting multiple quotes for free from hundreds of reputable contractors in your area on HomeAdvisor.com. You can simply explain your job and watch the quotes come in.
For starters, the cost of equipment can cost anywhere from as little as $1,500 to more than $5,500 for a gas-fired furnace. A basic forced air furnace can cost $1,500 to $3,000, whereas a higher efficiency system can cost upwards of $4,000 to $5,500 or more.
Next, you need to factor in the hookup costs. For starters, the utility company, if they haven’t already done so, will have to dig a trench from the road to your home, and this process, depending on the utility company, can charge $1,000 to $2,000, but it’s possible some utility companies will waive or even reduce this fee if they want to really add you as a customer. Next, to add a hookup to the inside of your home, you will then need to hire a contractor in order to perform the job. Again, depending on some various factors such as your geographical location and the contractor you choose, this can cost another $500 to $1,000, bringing the hookup total to about $1,500 to $3,000.
Lastly, depending on your situation, you may need to factor in additional expenses such as lining your chimney, if necessary, and removing your oil tank. Lining your chimney, if you install a gas furnace, will likely be required due to the moisture inside the gas exhaust. If your chimney isn’t lined, it can damage the masonry. And although you don’t need to remove an oil tank, most owners do. Removing an above ground tank will cost about $1,000, whereas a buried tank can cost upwards of $3,500. Lining your chimney, again, depending on your setup, can cost $700 to $2,000.
Real estate agents had talked about this question on Trulia, and they said you should be prepared to spend about $5,000 to $7,000 to see a full conversion.
|What's Needed||Price Estimates|
|Gas furnace equipment||- $2,500 to $10,000+ for 73-83% efficiency|
- $2,500 to $6,500 for 90-97% efficiency
|Gas hookup||$1,000 to $2,000 to have utility company to dig trench to your home to install line.|
$500 to $1,000 to have the piping hooked up from the meter to the new gas furnance
|Lining Chimney (not needed, however, if you purchase high efficiency system)||$700 to $2,000|
|Removing oil tank||$700~ if above ground|
$3,000 if underground
|TOTAL||starts at $4,700+|
Tips to know:
Before considering the conversion, always make sure a gas line is accessible in your local area. This can usually be done by calling your local utility company.
How can I save money?
While converting may seem like a costly venture at first, it can pay you back in as little as five years, according to House Logic.
Tax refunds and incentives, depending on where you live, may be available. Talk with your local gas company to see if they know of any incentives you may qualify for.
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BOSTON (CBS) – Worried about the cost of staying warm this winter, especially if you heat with oil?
Some people are saying enough, and making a change.
Like John from Belmont who Declared his Curiosity to WBZ-TV:
“The price of oil has been steadily rising. Is it cheaper to heat with oil or natural gas or anything else?”
We checked it out and found that while it can be cheaper, you have to look carefully at the price of switching.
At Patricia O’Mahony’s home in Quincy, it’s out with the old and in with the new.
She’s converting from oil to natural gas.
“It’ll save me a lot of money in the long run,” she says.
Making that kind of switch is definitely a long term proposition.
Here are some ballpark numbers.
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If you’re switching a forced hot air system, expect to pay between $4,500 and $7,000.
For radiators, the cost is upwards of $7,500. Converting a forced hot water system is the most expensive, between $7,500 and $11,000.
You may also have to pay to run a gas line to your house and to get rid of your old oil tank.
Despite the costs, a lot of people are taking the plunge.
“This year we project 14,000 conversions,” says National Grid’s Dennis McCaffery.
He says there’s a simple reason for that.
“They can expect to save a range of 15-to-34-percent. That’s because natural gas is a lot cheaper than oil right now.”
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And that’s keeping Hub Plumbing busy doing about 10 conversions each month.
“They want to save money, they want their equipment to be reliable, they want a reliable source of fuel coming in,” says John Clary of Hub Plumbing.
It’s not just switching to gas.
Some homeowners are thinking very long term and going geothermal, where your heating and cooling come from below ground.
But that’s hugely expensive.
You could pay from $15,000 to $40,000 for a geothermal system mostly due to drilling and construction costs. However, you could also save as much as 70-percent on your heating, cooling and hot water bills.
For a much smaller investment, some people are buying pellet stoves to supplement their heating systems.
A bag of wood pellets costs about $5 and lasts all day.
“You can cut your oil bill down by about a third,” says Rob Buchanan who owns Buchanan Fireplace in Medford.
At his shop, pellet stoves cost between $4,000 and $5,000.
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“You should be able to pay that off, with oil rising, within a couple of years,” says Buchanan.
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By far, switching to gas is the most popular choice.
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But with the high changeover costs, timing is important.
“My boiler was old and I knew I needed a new one,” says Patricia O’Mahony. And that’s the best time to consider making a move.
WBZ-TV’s Diana Perez reports
The heating oil industry doesn’t dispute that natural gas is cheaper than oil, but warns that the upfront costs of switching to gas can be great.
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The Mass. Oil Heat Council also says some of the gas industry’s advertising is misleading.
National Grid Oil To Gas Conversion Program Download Software
Even though oil prices have been dropping, bringing us some relieve at the gas pumps, heating oil prices are expected to remain high in the long term. Downloadsdrako stud.