Saving Money with Gas Heat

September 5, 2014
Saving Money with Gas Heat

When words like “polar vortex” and “coldest winter on record” are swirling around, the last thing you want to be thinking about is your oil heating bill. With other necessary winter weather preparations like stocking up on provisions, weatherproofing your house, ensuring your shovels are easily accessible and having a fallback plan should roads be impassible at the forefront, worrying about your oil heat—and how you’re going to pay for it once the bill comes—should be your last concern.

When the winter of 2013–14 finally left the Northeast, many Long Island homeowners took stock of the damage left behind, both physical and fiscally. From downed trees and slowly melting snowbanks to the shock when the oil heat bill finally arrived, the winter managed to exceed many expectations.

Even before the term “polar vortex” became a watercooler buzzword, the U.S. Energy Information Administration (EIA) had projected that the average heating expenditures for winter 2013-14 would be $674 for houses running on natural gas and $2,085 for heating oil. These projections were made at the beginning of December, before January 7, 2014, the day temperatures in all 50 states, including New York, dropped below freezing.

So, looking ahead to winter 2014–15, what’s a responsible homeowner to do to keep costs under control? Buy more wooly socks? Live with the soot and smell of a wood-burning stove or fireplace? Or invest in a money-saving gas heating system that is proven to be more wallet-friendly than the alternatives?

Since we haven’t yet found a way to control the weather, the next best piece of advice would be to ensure that your home heating system is as efficient and as cost-effective as possible. On a gallon-for-gallon basis, gas is 50% cheaper than oil. In fact, in New York State for the year 2013, the average price per gallon for heating oil was $4.04. The average price for gas heat was $1.70 per gallon. With a cost difference of more than $2.30 a gallon, it can lead to significant savings over a winter season, no matter if it’s teeth-chattering or too mild for skiing.

To look at it another way, the average 275-gallon oil tank costs over $1,000 to fill completely (if starting from empty). The same amount of fuel to power a gas heat system would take $425. The amount you save would leave you with enough money to fly away from Long Island for a quick vacation to a warmer climate.

When looking at the hard numbers, it seems pretty clear that natural gas heat is the winner as far as heating bills go. See how natural gas heat can give you that warm feeling, too, by contacting O2G at 888.291.6685 or here.

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