According to the U.S. Energy Information Administration, historically, the average consumer pays more in a year for oil than gas, which may be true nationally. However, when comparing costs here in New York City, you need to consider the full cost to deliver gas to your home. The natural gas commodity alone can be cheaper, however you also need to factor in the gas utility’s delivery cost, to make it an apples-to-apples comparison. Here in New York, as utility infrastructure and maintenance costs continue to increase, the delivery portion of your utility bill has been increasing at an alarming rate, resulting in no real cost benefit to a homeowner using natural gas. While in the past, many people considered switching out a fully functioning oil furnace to gas, just to save money on their yearly heating costs, which is no longer the case.
Natural gas vs. heating oil. The common idea that gas is good, and oil is bad, is a myth. The reality is, that when it comes to environmental impact, Bioheat is good. Bioheat is renewable, and it will reduce carbon emissions. As far as efficiency goes, both will keep you warm, if your equipment is good. And when it comes to cost, it’s just a matter of considering all the costs involved and doing the math.