Just ordered my annual tank of heating oil

[TimfromMA]

Thanks to pellets, this unpleasant chore now only comes around once per year.

 

[briansol]

Prices just went down in my area. I'm going to get mine topped off too (still use it for DHW)

 

[hyfire]

If you had a heat pump the chore would only come every other year..or never.

 

[TimfromMA]

I paid $3.24 per gallon which is the lowest price I could find in our area.

 

[hyfire]

Whats your price per kwhr of electricity?

 

[chrispr1]

Where in MA are you? That's a very competitive price.

 

[hyfire]

1 US GAL HEATING OIL=140,000 BTU X .75 AVG. EFFICIENCY =105,000 BTU



1 KW =3412 BTU
105,000/3412=30.8 KWHR X .15 CENTS KWHR= $4.62 IN POWER COST

Some heat pumps have a C.O.P or co-efficient of performance up to 2 so your cost would be less than oil. I suggest a split system heat pump for warmer days...

 

[alternativeheat]

I paid $3.24 per gallon which is the lowest price I could find in our area.

Cheapest price I've seen here on the upper Cape is $3.30. Basically we have a full tank though, it's over 3/4 full from last season. Our oil heat just heats the tenants 500sq ft apartment. Our 1800 sq ft of main house is now heated by the P61. Should have bought a pellet boiler but being new to pellets I didn't think of it at the time.

 

[TimfromMA]

Whats your price per kwhr of electricity?

I think we pay $0.12 per kW.

 

[TimfromMA]

Where in MA are you? That's a very competitive price.

Milford

 

[TimfromMA]

1 US GAL HEATING OIL=140,000 BTU X .75 AVG. EFFICIENCY =105,000 BTU



1 KW =3412 BTU
105,000/3412=30.8 KWHR X .15 CENTS KWHR= $4.62 IN POWER COST

Some heat pumps have a C.O.P or co-efficient of performance up to 2 so your cost would be less than oil. I suggest a split system heat pump for warmer days...

The only thing we use oil for is hot water and a tiny amount of heat to keep our unused areas at 50 degrees.

 

[MarkF48]

I think we pay $0.12 per kW.

Actually closer to a real price of $0.16 - $0.17/kW presently if you total both generation, delivery, etc. The $0.12 is likely just the generation, which I believe is the number National Grid cites to make it sound good. It's gone down a small amount in the last few months. Chart below is total kW divided by the actual bill amount to reflect the "real" price per kW. I keep a running record.

Guessing you got oil from Blackstone Valley Oil? http://www.newenglandoil.com/massachusetts/zone11.asp?x=0

 

[TimfromMA]

Guessing you got oil from Blackstone Valley Oil? http://www.newenglandoil.com/massachusetts/zone11.asp?x=0

View attachment 135664

Nope: Patriot Liquid Energy

(broken link removed)

 

[mass_burner]

Where in MA are you? That's a very competitive price.

that is good. Last price I paid was 3.69

 

[mass_burner]

1 US GAL HEATING OIL=140,000 BTU X .75 AVG. EFFICIENCY =105,000 BTU



1 KW =3412 BTU
105,000/3412=30.8 KWHR X .15 CENTS KWHR= $4.62 IN POWER COST

Some heat pumps have a C.O.P or co-efficient of performance up to 2 so your cost would be less than oil. I suggest a split system heat pump for warmer days...

can you elaborate on the COP part?

 

[moey]

can you elaborate on the COP part?

COP when discussing a heat pump is a comparison what straight electric would give you. So if you have a COP of 2 on a electric heat pump water heater it will cost 1/2 what a electric hot water would cost to run. On most charts comparing BTU's put in 200% for the efficiency of your electric heat pump appliance to compare BTUS between fuels.

 

[mass_burner]

COP when discussing a heat pump is a comparison what straight electric would give you. So if you have a COP of 2 on a electric heat pump water heater it will cost 1/2 what a electric hot water would cost to run. On most charts comparing BTU's put in 200% for the efficiency of your electric heat pump appliance to compare BTUS between fuels.

so using the formula below, assuming its at 100% efficient, a HP at COP of 2, will cost 2.31 in power costs?

1 US GAL HEATING OIL=140,000 BTU X .75 AVG. EFFICIENCY =105,000 BTU
1 KW =3412 BTU
105,000/3412=30.8 KWHR X .15 CENTS KWHR= $4.62 IN POWER COST

 

[moey]

so using the formula below, assuming its at 100% efficient, a HP at COP of 2, will cost 2.31 in power costs?

1 US GAL HEATING OIL=140,000 BTU X .75 AVG. EFFICIENCY =105,000 BTU
1 KW =3412 BTU
105,000/3412=30.8 KWHR X .15 CENTS KWHR= $4.62 IN POWER COST

Yes your math looks correct.

 

[TimfromMA]

Delivery was actually made today. Only used 200 gallons since last July.