New oilheat technology can help you continue to save
It’s no surprise that some Michiganders who warm their home with heating oil may be thinking of converting to another heating fuel to escape the stress of paying high heating oil delivery bills over the winter. That’s always a valid worry, especially when prices rise to painful levels.
But it’s important to keep things in perspective. For the most part, the price of oil has been fairly stable since 2014. However, there have been a lot of changes over the past couple of years that have upended the energy markets, including the pandemic and the war in Ukraine.
These events have had an effect on all energy prices, causing everything to go up. But if history is a guide, we can expect to see heating oil prices drop pretty significantly in the not-too-distant future.
New Heating Equipment = Higher Fuel Efficiency
It’s important to understand that energy efficiency is driven by the technology of the heating system, not the type of fuel used in the home. An old system, no matter the fuel type, is going to be extremely inefficient compared to today’s equipment.
Modern, efficient oil heating systems in well-insulated homes can help homeowners achieve the same amount of warmth while using much less fuel per year. This results in huge savings and reduces consumption considerably.
That’s why the Consumer Energy Council of America says it doesn’t make economic sense to switch fuels, and the better move is to upgrade to a new high-efficiency system of the same fuel. That’s because there are extra costs involved with conversion that homeowners probably won’t recoup quickly enough.
With the availability of equipment rebates, it is easier than ever to cut your annual heating fuel costs by upgrading to a high-efficiency heating oil furnace or boiler. Read more about replacing your equipment.
On the Path to Net-Zero Carbon Emissions
Besides better, more efficient equipment, there have been significant improvements in the quality of heating oil itself. This is due to the vast reduction of the sulfur content in heating oil and blending it with renewable biodiesel. Known as Bioheat® fuel, this fuel of the future contains biodiesel that is composed of various organic products, including vegetable oils, animal fats and even algae and various grasses.
Why will this reduce carbon emissions? Biodiesel is considered a biogenic fuel that reduces carbon 100%. By contrast, when fuels that do not contain biodiesel are burned, they take carbon that was stored in the ground and put it back into the atmosphere.
Meanwhile, the combustion of biofuels and other biogenic energy sources recycle carbon-dioxide emissions through renewable plant materials and other biomass feedstocks. That’s why you’ll be hearing a lot about net-zero carbon emissions in the years ahead.
You can read more about Bioheat fuel here.