Need some advise. We currently have an oil boiler with hotwater baseboard heat. The boiler is 32 years old and the oil tank is original with the house 45 years old. The boiler also supplies us with our domestic hotwater. We were told that we should consider replacing the tank soon, bottom of the tank is a bit moist, but not leaking. Cost of replacing the tank approximately $1,300.
3 years ago when the price of oil went through the roof we put a pellet stove on the main floor of our house (its a ranch) and it heats the whole living area nicely.
Should we replace the oil tank? We know its just a matter of time before we will need to replace the boiler as well. Is this a wise idea, since we only use the oil for hotwater and as a backup if the pellet stove isnt working? We dont have the money to replace either the oil tank or the boiler so we would have to finance it. Gas is not an option in our area. Is there another type of boiler that would be less expensive to replace the oil so we can use the baseboard heat if needed? We can easily convert our hotwater to electric for a few hundred dollars. We are not interested in a pellet boiler.
Do they make electric boilers and are the efficient? The only other option we can think of is propane gas, but we were told by some friends that if you dont use a certain amount a year the price per gallon is super high. We also have central air and wonder if getting a heat pump would be less expensive.
Any thoughts or suggestions would be appreciated!
3 years ago when the price of oil went through the roof we put a pellet stove on the main floor of our house (its a ranch) and it heats the whole living area nicely.
Should we replace the oil tank? We know its just a matter of time before we will need to replace the boiler as well. Is this a wise idea, since we only use the oil for hotwater and as a backup if the pellet stove isnt working? We dont have the money to replace either the oil tank or the boiler so we would have to finance it. Gas is not an option in our area. Is there another type of boiler that would be less expensive to replace the oil so we can use the baseboard heat if needed? We can easily convert our hotwater to electric for a few hundred dollars. We are not interested in a pellet boiler.
Do they make electric boilers and are the efficient? The only other option we can think of is propane gas, but we were told by some friends that if you dont use a certain amount a year the price per gallon is super high. We also have central air and wonder if getting a heat pump would be less expensive.
Any thoughts or suggestions would be appreciated!