Oil Heat Cost

According to a recent energy outlook produced by the U.S. Energy Information Administration (EIA), households heating primarily with heating oil are predicted to spend 32% less on heating during the 2016-2017 winter than in the five winters prior to the 2015-2016 season. This is good news for oil heat consumers everywhere, particularly in our area of the Northeast. The price of oil is low and stabilizing, making it the most reliable it has been in years and a positive choice for winters to come. Heating oil companies have less spending on wholesale and operating costs when the cost of oil goes down, so it translates into even less expensive oil.

Along with lower-than-average fuel costs and the improved efficiency you can expect by upgrading to a new heating system, you can also gain peace of mind that your equipment is much less likely to need emergency repair! This will help to reduce the risk of unexpected service costs throughout the heating season.

Simple tips for cutting your heating costs:

  1. Schedule an annual tune-up and reduce annual fuel costs by 10%.
  2. If your current boiler or furnace is over 15 years old, upgrading to a high-efficiency system can help reduce your heating bills, resulting in significant annual savings.
  3. Set your thermostat back when you are out of the house or at night when you’re asleep. You can save about 1% for each degree you lower your heat during a period of eight hours or longer.