what's involved how much can I save oil heat facts who's converting faq home
  How Much Can I Save?
Enter your local energy costs to calculate your potential savings.
 
Many factors influence how much you can save by converting from electricity to oil. These include your home's insulation, the severity of any given winter, your region's overall climate, the efficiency of your current system, variations in oil prices and your electric utility's rate structure. Home owners interested in more exact estimates should consult with a local HVAC engineer. This form is based on general government and industry factors and should only be used for a general estimation.
 
To complete this form you will need:
  • your electric bill for January
  • the price per gallon/liter for heating oil in your area
  • if you have a heat pump, its operating efficiency

    Heat pump efficiencies vary widely depending on age, model, and climate. You can either get this information from a local HVAC contractor, or use the general figures that we supply under instruction #2.

Electricity Oil
1. Enter your cost per kilowatt-hour (KWH).

If you have monthly billing, divide the total January electric bill by the total KWH's (or "units") used.

If you are on a budget plan, your monthly statement usually states the KWH's used during the month and the "charges this period" (the dollar value of the electricity used).

Divide the dollar amount by the KWH's to find your rate. January's bill will give you the most accurate number, because electric rates can vary month-to-month.

If this information is not available on your monthly bills, check your end-of-year summary and divide the total amount payable by the total KWH usage.

2. Enter your heating system efficiency.

If you don't know this factor, use the table below. Enter the factor in the box above or click on the appropriate circle.

Region     Heat Pump    
Efficiency		     Electric Baseboard,    
Furnace, or Other
Northeast 1.56 .95
Mid-Atlantic   1.72 .95
Midwest 1.54 .95
Northwest 1.82 .95

3. U.S.  
Canada

Enter either the cost per gallon (U.S.) or litre (Canada) of heating fuel.

    





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