Total costs of purchasing a boiler and installing it are typically over £1,500, with an average cost of £2,300 for all costs. A new boiler can save you 11-50% on your annual heating bill, and pay itself off in as little as 4 years.
The cost to install an oil-fired boiler system for a standard 1500 square foot home is $3500-$5500. It is recommended to always hire a professional to install a new boiler. It is recommended to always hire a professional to install a new boiler.
How much does it cost to service an oil-fired boiler? An oil boiler generally costs more to install, run and service, but if you live in a rural area which isn't on the gas mains, this may be your only choice.
New boiler cost varies greatly depending on the type of boiler that is purchased. New boiler cost ranges from $600-$40,000. Electric boiler cost ranges from $600-$2000; electric boilers are the cheapest type of boiler. Gas boiler prices range from $2500-$5000. Oil boiler cost is $3000-$6500. Wood pellet boilers cost $6000-$18,000.
Heating Oil Cost Per Gallon. Home heating oil prices are measured by the gallon. They fluctuate in the same way and for the same reasons as prices for gasoline. In November of 2011, residential heating oil prices reached $3.877 a gallon. At that price, the average home will spend over $3100 on home heating oil this year.
Oil Boiler Average Costs . The actual cost of an oil boiler depends on the size of the system, the unit's AFUE rating, your location, the difficulty of the installation, and other factors. Mid-efficiency oil boiler replacement cost should be $2,500 to $5,000 installed. Installing a high-efficiency oil boiler might cost $5,000 to $10,000 or more.
How much a boiler should cost. Average costs and comments from CostHelper's team of professional journalists and community of users. Installing a standard boiler (80%-85% annual fuel utilization efficiency) typically costs about $2,500-$5,000 for a gas-fired model and $3,000-$6,500 for an oil-fired unit (generally used in areas without municipal gas lines).
While it seems like a lot of money to switch from oil to gas, it should be noted that oil heating could cost as much as double the price of gas heating. Oil is a particularly volatile commodity, and the price can skyrocket or plunge based on global events and instability.
New Oil Boiler Replacement - Installation Costs As your oil boiler ages it becomes less efficient at heating your home, more expensive to run, more likely to break down and, in some cases, unsafe. Replacing it with a new oil boiler is the best solution to all these concerns.
For a basic project in zip code 47474 with 1 boiler, the cost to Install an Oil Boiler starts at $3,939 - $4,672 per boiler. Actual costs will depend on job size, conditions, size options.