This is a common concern among many of our oil furnace customers. With home heating oil prices rising, there are two major things you can do to lower your bills:
Schedule oil furnace maintenance – One of the most important things you can do for your oil furnace is to have it serviced before the start of every heating season. Although this can’t lower home heating oil prices, it can improve the efficiency of your system and help lower your utility bills. It will also provide peace of mine knowing that your oil furnace is operating at peak efficiency.
Install a dual fuel heat pump system – For the biggest savings on home heating oil prices, you should consider installing a dual fuel heat pump unit to your oil furnace system that is 13 SEER or better—the higher the SEER, the more energy efficient it will be. Heat pumps are some of the most efficient HVAC systems available today because they will do your cooling in the summer and provide very low cost heating in the winter. Most dual fuel heat pump systems operate with a set outdoor temperature that will run either your electric heat pump unit or the oil furnace. Our suggestion is to have the set point around 35 – 36 degrees for the outdoor temperature—that allows your new heat pump to provide all your heating needs until the temperature drops below 35 degrees, then your oil furnace will take over and heat your home. Although the initial investment may seem pricey, with home heating oil prices as high as they are, your dual fuel heat pump will pay for itself in a very short amount of time.
To learn more about dual fuel heat pump installation in Cincinnati and the surrounding Ohio areas, contact Rick’s Heating & Cooling!