Home Heating Oil Recommendations
Service Your Boilers on a Yearly Basis. The annual service routinely includes
filter replacement, nozzle replacement, and basic safety and combustion tests. These
tests will measure your stack temperature and flue gases. If the calculation is
under 80% it may be time to replace your system. Speak with your service provider
to see if it can be tweaked and tuned to return higher efficiency. Typically efficient
running systems should calculate out above 85%.
Perform Routine Inspections of Your Oil Tank. Visually inspect the tank for
leaks and any sign of corrosion. Typically corrosion starts inside the tank and
be visible by a wet spot on the outside of the tank. If you suspect your tank is
leaking or corroding contact your Oil service provider immediately for further inspection.
Consider Replacing Boilers Twenty Years Plus Old. If your boiler is older
than twenty years old chances are you’re wasting valuable fuel. Replacing your boiler
to a newer model can cut costs. On average you could save 15% by upgrading your
system. This will ensure that you are getting the maximum performance out of every
gallon burned.
Cash Price is when you purchase heating oil at the daily market rate. Most
homeowners prefer to only pay as they need oil choose this option. You are not locked
into set price, so this price can change depending upon the market during the season.
Oil dealers tend to only except cash and check when using this method.
Pre-Buy Price is when you buy all of your Heating Oil prior to the beginning
of the heating season. Typically competitive rates are offered by dealers when offering
this program.
Lock-In Price or commonly referred to as “Fixed Price” is when you agree
to pay a set price per gallon for the entire heating season. By signing a contract
with your Oil dealer you agree to the pay a set price per gallon. It is a gamble.
If the price of Oil goes down you will still have to pay the price you locked in
per the contract. On the flip side if the price goes you will be paying a lower
rate than cash customers.
Capped Price is when Oil dealers set a maximum price per gallon. This is
done by signing a contract. By choosing this program homeowners will be protected
regardless on high Oil prices might rise. Generally if the price goes down the Homeowner
will be offered the lower price. Check the terms of your contract to see if you
will get a decreased price.
Budget Price is when you spread out your payments into equal amounts throughout
the year. This is popular because 80% of your heating cost occurs during a 3 month
span. This allows Homeowners not to be forced to pay extremely high heating bills
during the winter months.