Will this save me any money?

Constantin

... I don't know what your electrical rates are, but in most areas of the US where oil heat is still practiced (i.e. the NE), electrical rates are sufficiently high to make a proper indirect system more economical than an electrically-heated one.

For example, in Boston, I'm paying about $0.16/kWh while fuel oil is about $2.15/Gallon. At these rates, BTU for BTU, oil is about 3x cheaper than electricity. Granted, there will be standby loss, stack loss, etc. to contend with, but I doubt that will make up the 3x difference. Plus, a lot of installers seem to prefer warm boilers all summer long over cold ones to prevent rust.

So, what I would change instead is to go to a indirect tank system like a SuperStor from HTP, piped as a priority zone. Insulate the pipes in the basement, and also consider installing a <a href="http://www.gfxtechnology.com">GFX heat exchanger</a> to stretch your warm water supply.

Jon S.

Will this save me any money at all?

I have a three section Peerless oil fired boiler with a tankless and a booster tank. I was thinking about changing the booster tank to an electric water heater. In the winter I would use the boiler for hot water. In the summer I would turn off the boiler and turn on the electric water heater.

With the cost of oil the way it is, would this save me any money? Would it be worth it in the long run? How much would it cost to run the water heater as oppose to the boiler?

Just thinkin....