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The Pros and Cons of Oil Heat vs Heat Pump Systems

January 4, 2023 by Kai Haskins

As a homeowner in Massachusetts, you know that heating your home during the winter can be expensive. With record high prices for oil heat, it’s important to consider alternative options for keeping your home warm and comfortable. This year has seen an especially steep increase in heating oil costs across the state, with prices hitting an all-time high of $5.90 / gallon in December. And experts predict that costs will only continue to rise over the next several years. That’s why switching to a mini-split heat pump system now could save you thousands on energy bills in just a few short years. 

Oil heating systems can also be detrimental to the environment since burning oil emits pollutants such as nitrogen oxide that can further contribute to global climate change and localized air quality issues. Furthermore, there is risk from oil storage tanks which can corrode over time or burst under pressure, leading to costly damage and potential health hazards such as fires or explosions. Thus, while oil may be a viable choice in some circumstances due to its lower initial cost, its drawbacks should not be overlooked before making a decision on how to heat your home.

Mini-split heat pumps offer many benefits over traditional heating solutions like oil furnaces or electric baseboard heaters. For one thing, they are more energy efficient than nearly every other option on the market. That means lower energy bills and a more comfortable home for you! Plus they can deliver both heating and cooling functions so no matter what season it is, you’ll always be comfortable indoors. Heat pumps do operate on electricity, but boast efficiency that is approximately 4 times better than traditional electric resistance heating systems. 

Another great advantage of mini-split systems is their versatility in installation: You can have them installed centrally as part of your existing HVAC system or opt for a ductless setup (which also provides even greater efficiency). Whichever option works best for your home, mini-splits provide reliable comfort all year round without breaking the bank. 

While electricity has increased in price recently as well, heat pumps function extremely efficiently, so it is still considerably more cost effective than oil. Additionally, homeowners looking to take their utilities entirely into their own hands have the option to power their heat pumps with solar. Modern heat pumps can also function down to -15 degrees fahrenheit, and are widely considered a reliable option for primary heat in the northeast. 

With all these benefits combined plus rebates available through Mass Save® up to $10,000, it’s easy to see why so many people are making the switch from expensive gas & oil systems over to mini-split heat pumps. Especially given current projections that suggest heating oil prices will continue rising steadily throughout 2023 and beyond! So if you’re looking for a reliable and affordable solution this winter season then consider investing in a quality mini split system today – your wallet will thank you later!

Filed Under: Heating & Cooling Tagged With: cooling, Energy Savings, heat pumps, heating, Mini-Split, oil, whole home

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