I live in New York State in the Catskills mountains (5B hardiness zone). My 50+ year-old oil boiler has sprung a leak and will need to be replaced soon. I live in a 100-year-old home with some insulation and am working on air sealing and updating insulation as my budget allows.
For months I have been trying to figure out the best solution for the oil boiler replacement. With oil prices so high where we live $5-6 a gallon, it just seems like a terrible idea to purchase another oil boiler. We already have cast iron baseboard hydronic throughout the house so another boiler-type appliance seems like the best option.
I have thought about:
– Air to Water Heat Pump
– Pellet Boiler
– Electric Boiler
– some combination of above
Any thoughts on what would be the best way forward with a solid ROI and not an insane installation cost? We are on a modest income, but of course, also need heat 🙂