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Replacing old oil boiler with more efficient system
My oil burner is on its last leg. My oil company - Kerivan lane told me that it needs to be replaced ASAP. They found a leak that they patched up.
I was doing some research on a new boiler and saw that some people replacing it with electric one.
It cost less to install, not as expensive as oil burner, don't need oil tank, takes less space, don't require chimney and also more efficient.
Unfortunately it may cost more to run it due to electricity prices. Some states have discounted electricity prices for people with electric heat, but not sure about MA.
I did some research online and saw that some people also use Sanden CO2 and other high efficiency heat pump systems.
Can I somehow combine them with my existing baseboard radiators for efficiency and comfort?
I also have PV solar panels that provide me with about 5 mega wt of excess electricity a years.
So here are some questions. Would it make sense to do it in our area? Would it be cost effective in a long run in my case? Anybody had an experience with this type of conversion?
Any tips and advice would be greatly appreciated.