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Old 01-05-2013, 01:29 PM   #8
ITD
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Quote:
Originally Posted by BroadHopper View Post
The link does not take into consideration the efficiency of the appliance. The most efficient oil burners are 80% as oppose to 95% for gas. Also efficient gas appliances runs at a rate where it is most efficient by taking into consideration outside air temperature and how fast the temperature drops in the dwelling. Oil is either full on or full off.

Oil has a very limited life. I would prefer to switch now while the energy credits are there rather than wait until there are no credits and oil is gone.
Adjusted the chart (Fuel price calculator) in my link for current price per NHOEP and compensated price for efficiency, 83% for Oil boiler and 95% for Gas, (Newer oil condensing units are above 90% but I stuck with conventional).

Fuel Type Fuel Unit Fuel Price Per Unit (dollars) Fuel Heat Content Per Unit (Btu) Fuel Price Per Million Btu (dollars) Adjust for efficiency
Fuel Oil (#2) Gallon $3.79 138,690 $27.31 $32.91 83%







Propane Gallon $3.15 91,333 $34.50 $36.32 95%







Kerosene Gallon $4.06 135,000 $30.07








Natural Gas Therm $1.77 100,000 $17.70








Wood (Pellets) Ton $249.00 16,500,000 $15.09








Wood (Cord) Cord $210.00 20,000,000 $10.50








Electricity Kilowatt-hour $0.150 3,412 $43.96

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