Repair or Replace: which way should you go?
If your boiler or furnace is at least 15 years old, consider replacing it soon; the performance and reliability of heating equipment typically deteriorate after 15 years (sooner if maintenance has been neglected). And just like computers and smartphones, heating equipment becomes outdated over time.
With better technology, a new high-efficiency heating oil system can often pay for itself within a relatively short period of time with the money you save each year on heating costs. After that, you can start adding up all of your energy savings!
At a minimum, a new system should help you save up to 20% on your annual heating costs. (If you significantly improve system efficiency, savings can be even higher.) You’ll feel the difference in comfort too. You’ll also save on repairs because you’ll minimize the potential of a system breakdown, a common problem with old systems.