The heating system in my home is fuel oil fired boiler built by Bethlehem Steel about 45 years ago. It employs a two zone baseboards supply system and also provides domestic hot water via a coil immersed in the main boiler.
Maintenance people who clean the system periodically claim that it's one of the best systems ever built but that the production costs associated with manufacturing that design are what made it uncompetitive.
I don't know the thermal output. The current system tests at better than 80% efficiency they tell me. That came as a pleasant surprise for such an old unit which suggests that the burner unit must have been upgraded at some point by an earlier owner of the frame house (balloon construction) which has 1500 square feet of living space.
An educated guess is that a more "modern" unit would occupy about 25% of the current footprint. That would make more space available in a basement shop, which I would enjoy, but is not by itself justification for the expense of a modernization program.
As an interim measure, I've elected to install a propane fired tank-less hot water system. It's being placed right next to the current boiler in series with the current hot water feed.
The intention is to turn off the boiler completely except during the winter months and use only the "on demand" tank-less unit for domestic needs which are modest.
This promises to be more efficient energy wise but I still have this sense that a more modern heating system is warranted.
My plans are to sell the house in one or two years. Any ROI from savings in heating costs will not have a long enough recovery period to justify a new unit on fuel savings alone. Resale value would be enhanced but the real estate market, being what it is, makes recovery costs uncertain. One good note is that I bought the house in terrible condition, rehabed the property whose current value is not inflated.
The current flood of deficit spending has hurt the dollar dramatically in recent years. Bush did not constrain it very well and at 1.4 Trillion Dollars, Obama has taken it to levels not seen since 1945. One consequence of that is that the dollar's value as the prime International Currency has taken a terrible beating. The world doesn't trust the dollar like it once did; frankly, neither do I. Talks among other nations of switching to the Euro or other currency are gaining traction thus hastening the dollar's decline.
In the context of heating your home, or driving your car or plane, the dollars reduced purchasing power will most certainly be seen in the cost of buying fuel. Even now, there are nervous looks being made at any indicators that portend the rise of inflation.
One question I have for you energy professionals: Is there a spreadsheet type program that takes all these factors into consideration that would help me answer these questions? One that includes state or federal incentive programs would be helpful.
Another is: are there any dramatically more efficient oil fired systems coming into the market that promise greater fuel savings? Supplemental solar panels are out. Wrong exposure and I'm on the East Coast. Researched geothermal and differential type systems. Not sufficiently efficient and I don' have a swimming pool.
Thanks
L.J.
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