When to Replace Your System
Up to 40% of the heat produced by an old heating system can be lost, not only up the chimney or out the flue but through the sides of the heating unit itself. This means losing 40 cents on every dollar spent on heating. And that's why holding onto an inefficient heating system can cost you a lot of money.
If your present system dates back to the 1970s, getting a new heating system would be like replacing an old black-and-white TV that has a fuzzy picture, with a high-definition, surround-sound, flat-panel television system. That's how much oil heat technology has changed over the years.
The greater the gain in efficiency from a new heating system, the greater the energy savings will be. This chart shows average savings after installing a new system with an 85% efficiency rating.
Besides big savings on heating bills, once you've installed a new system, you'll virtually eliminate the need for expensive repairs and the escalating maintenance costs associated with an aging system.
In addition, installing a new heating system could make you eligible for a substantial federal tax credit.
See when you should keep your system, or when it should be replaced.
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