I need to get rid of the 30 year old Boiler (Oil Heat) in my 6-family building, and I am looking for alternate heating options that are not too costly. Someone mentioned that I could get electric baseboard heating, which would eliminate the need for a gas or oil boiler. Does anyone have any thoughts on this, pros or cons?
Since you are currently on fuel oil, I am guessing you are in the Northeast, since fuel oil is uncommon in most of the rest of the country. Electric power in the Northeast is very expensive, in MA we pay close to 20 cents per kilowatt hour, which makes fuel oil at 2.75 per gallon look almost inexpensive.
Myself I heat with wood, which is very low cost if you don't count the labor of chopping. However, not too practical for a six family house. On balance, electric baseboard heat is typically the most expensive way to heat. Natural gas is very inexpensive per BTU at current prices, and likely to remain so for a long time, given the large reserves of natural gas in the continental US.
My Grandma always used to say "When you cut your own wood, it warms you twice."
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