No way I would ever give up the steam. There`s nothing like it. Best heat period.
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The only less efficient and costly way to heat would be a fireplace. Before you can even think about getting heat, the boiler has to raise the water temperature to 212 degrees. 1000 gallons a year is what 38 hundred a year at current oil prices. It's insane to keep that old pig. Take out a loan and rip all of that crap out of your house and replace it with forced hot water. If you go with high efficiency stuff you can even get a tax credit
No, plumbing ain't rocket science. Unlike rocket science, plumbing requires a license!
No way I would ever give up the steam. There`s nothing like it. Best heat period.
wally
With steam systems matching the burner size to the radiator surface area is the most-critical aspect in a replacement scenario.
Oil exhaust condensate is pretty acidic, but most steam boilers operate at a sufficiently high temp that flue condensation is usually minimal. (But after 70 years of oil burning just about any ceramic/masonry flue would be due...)
At 1000 gallons/year of primarily space-heating you'd probably be cutting 300-400 gallons off the annual fuel use with a new steam boiler (they still have plenty of mass- better insulation too.) But if your floor plan was amenable to heating with a mini/multi-split heat pump you might get a better return on investment out of the latter.
Don't be counting on the cost of heating oil to come down for the intermediate term- if anything it's poised to RISE again as the world economy picks up. Heating oil shares the same fraction of a barrel of oil with diesel, which is the fuel-of-choice in Europe these days, and in much of the developing world. During the peak of '08 people were saying we'd never see $3 heating oil again- I was of the opposing view then (and I turned out to be right) but I also believed at that time (and still do) that there is $5 heating oil in our none-too-distant future too. By contrast natural gas pricing it likely to remain relatively stable, or at least take a lower inflation track with lower volatility than oil, due to the large domestic reserves of shale-gas discovered in NY/PA. If you're anywhere near a gas main, biting the bullet on gas service might be "worth it" if/when replacing the steam boiler with a newer one, but it's usually a hunk o' change, something that needs a careful financial analysis. But long term, looking at another strategy for heating the place is in the cards. At $3500 year it's already pretty steep, but a sustained price shock like that in 2008 can make all sorts of things "pay back" in very short years.
Ductless mini-split heat pumps can handle most of the load for most of the year, and even at Long Island's ~20cents/kwh rate would be far cheaper to heat with than even $3 oil in your ~50% steam plant, if you follow the arithmetic in the example I did for Olimazzi back on the 25th. Oil in your boiler is almost as expensive as electric baseboards at your current oil & electricity rates, but with a ductless mini-split the same amount of heating costs half as much or even less. (It's about 0.4x as much, or a ~60% discount.) If oil goes up faster than electricity, ductless heat pumps are an even better deal. I don't expect to see oil prices dropping by half.
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