I have a burnham holiday boiler no. 8-60 series 2 that recently combustion tested at 80% efficiency. I think the boiler was probably manufactured in 1960 based on the boiler no. It's 172k input and 140k btu output.
All advice is that if the boiler's over 15-20 years old it should be replaced. Why? If it's 80% efficient and has been reliable for 50 years, why drop $10k for something only marginally better? (I'm not interested in ModCon because the extra cost of servicing and shorter lifespan make them uneconomical for my limited needs).
Presumably a new one would be smaller (my heatloss calculation is 90K btu Max) and have sealed combustion, electronic ignition, and perhaps less jacket loss (though hard to tell). Does anyone have any real world experience with the savings expected with a newer smaller boiler?
Right now we're using about 1150 CCF of gas per year or about $2300. I estimate that about 250 CCF of the 1150 are for DHW.
Calculation methods are notoriously inaccurate, and trend toward the high side. I'm betting your true design-day heat load is under 75K. Download the FSA calulator and select your boiler & HW heating types and the city with the nearest heating season climate as yours and it'll give you a much more realistic & reliable heat load and operational efficiency estimate based on boiler modeling developed at the Brookhaven Nat'l Labs. You can also insert different boiler & HW types and compare them to your existing boiler's performance. I think you'll be surprised.
http://www.nora-oilheat.org/site20/index.mv?screen=home
http://nora-oilheat.org/site20/fsa/FSACalculator_1_1_0_8.zip
It's a buggy piece of software- expect it to crash regularly. But it's modeled/calculated results are far more accurate than most.
Combustion efficiency isn't a good measure of the actual system efficiency- it's just the beginning. Has someone retrofitted an automatic flue damper? If not, subract at least 5% from any presumed AFUE. If the system is atmospheric-drafted rather than sealed-combustion/direct-vent (and I'm sure it is), subtract another 3-5%. Standing pilot instead of electronic ignition? In your case (based on your CCF/year use) subtract another ~5-7%.
I'd be shocked if you're getting any better than 70% true efficiency out of it, and a right-sized direct-vented cast-iron boiler would deliver a true 83-86% (depending on model.) Even with old-skool high-temp radiation (baseboards/radiators whatever), a modulating-condensing boiler would deliver ~90% and cut your fuel use to under 800CCF. If you add more radiator area or tighten up the place to where your existing radiation can deliver the heat at 130F or less on design-day a mod-con will average in the mid-90s.
If you're heating hot water with a standing-pilot atmospheric drafted tank you would improve your overall efficiency hanging an indirect-fired tank off the old beast, cutting your water heating standby losses in half (and losing the extra pilot.) Hang it on a mod-con and you'll have gone from ~55-60% efficiency to 85% efficiency on the water heating.
The EF numbers in hot water heating are very squishy, since they're based on 62gallons/day use, and with tank heaters volume and storage temps are everything. Very high volume users use more CCF, but have higher efficiency. The standby loss is roughly the same for a particular temp, but there's a huge difference in standby loss between 120F storage and 140F. Also not included in the EF test is fuel used by the space heating system to make up the heat lost by the extra flue-drafting and air infiltration necessary to supply combustion air for the HW heater (assuming it's not direct-vent). This adds something like 3-5% to the total fuel use.
I wouldn't be surprised if you couldn't cut your fuel use by at least a third, and possibly half with a mod-con & indirect. Short of that, a perfectly sized direct-vented cast-iron boiler + indirect would cut it by at least a quarter, and maybe a third.
If your heat load IS under 75K, (and if you're brave enough to design it yourself) using a ~$500-1000 direct-vented tankless HW heater as a boiler and a "reverse-indirect" as a heating system buffer can put you somewhere between cast iron & mod-con efficiency. (This violates the warranty of most tankless units, but Takagi actually markets their product line as dual-use. A ~$600 Takagi Jr should be able to handle your loads with ease.) If your radiation temp requirements are over ~130F it takes a bit more plumbing & design work to get there, but if it's 130F or lower it can be dead-simple to design with.
Reverse-indirects can be a great way to add thermal mass to any heating system that needs water temps above 125F, and can max out the efficiency of a cast iron boiler (new or old) by providing a minimum burn length, and increased duty cycle. Old-skool high mass boilers often don't hit full steady state combustion efficiency in under 5 minute of burn (and the first 3 minutes are TERRIBLE), and anything that you can do to lengthen the burn will get your operating efficiency closer to it's raw combustion efficiency. Anything under 10 minute burns on a high-mass boiler is a short cycle. If they're under 5 minutes it's as-operated AFUE will be double-digit percentages below it's combustion efficiency. For more see:
http://www.patkelco.com/uploads/files/4bf77cff8bc8411bb00c67e962d0ef7d.pdf