How much does furnace oil cost?

Costs depend on the home’s size, climate, interior heating preferences, heating system efficiency, and current oil prices. Oil costs $2.30 to $3.00+ per gallon, and tanks hold 300 to 500 gallons. Get free estimates from furnace replacement & installers near you.

How much does a gas furnace cost?

Gas furnaces cost about the same, approximately $6,000 for a high-efficiency unit. The real benefit of using a gas furnace is the lower cost of heating your home. Heating with gas costs around $540 a year, as opposed to the $1,900 to $7,000 a year that it costs to heat with oil.

How much does a propane furnace cost?

Propane is less expensive to use than oil, costing around $1,100 each winter, and the cost to install a new furnace is also less costly, approximately $4,000 for a high-efficiency furnace. Propane furnaces operate in much the same way as an oil units.