Temperatures are at an all time low in certain regions of America, and they have even fallen below freezing in many other areas. This is why homeowners have been asking how they can warm their properties effectively, without breaking the bank. Of course, the question that always comes up is whether gas or oil furnaces are the best option. If your home needs a new furnace, here are the benefits and drawbacks of each kind:
AFUE Ratings
The majority of gas powered furnaces have AFUE ratings of 89% to 90%, however AFUE ratings for oil furnaces are usually 80% to 90%. Gas furnaces can be up to 25% more expensive than oil furnaces, however they are more efficient. Furnaces that were manufactured more than ten years ago are often 30% less efficient than modern furnaces.
Pricing Of Fuels
Nonetheless, when it comes to the price of fuel, gas is certainly more competitive. During the winter season, the American Energy Information Administration states that homeowners spend an average of $690 on natural gas powered heating. By way of comparison, homeowners spend $1448 on propane (this figure applies to the Midwest), $964 on electricity and $2558 on heating oil. The cost of oil is less stable and likely to change in reaction to world news. This is not the case with natural gas though, as its’ production is centered around America and Canada. This ensures a more dependable supply. It is possibly because of this reason that about 50% of homes in America are heated with gas at the moment. In contrast, only 8% of American homes are heated with oil.
Delivery
Delivery companies will maintain an oil furnace on a regular basis, as part of a service contract. This maintenance is fairly substantial, due to the build-up of soot and dirt. Oil filters need changing and chimneys need cleaning frequently. Services contracts are not necessary with a gas furnace, because these furnaces do not need maintaining. Notwithstanding, oil provides significantly more heat than gas. Oil furnaces are much cheaper than gas furnaces, but gas furnaces make less noise and are cleaner. Collect several price quotes, before deciding which HVAC contractor to hire, and do your homework to ensure that you use a company that is reputable.