We currently have a 7 year old Weil-McClain oil-fired furnace with a coil for hot water. It strikes me as inefficient to be firing up the furnace all summer long (in New England) to get hot water. How might I assess the payback of installing a hot water heater? My options are oil, electric or propane. If the coil is providing enough hot water, is there energy savings to be had by switching? THANKS.
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