Is it cheaper to heat with oil or electric?
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Works at the International Monetary Fund, Lives in Washington, D.C., USA.
What these heating costs show is that in the US both fuel oil furnaces and electricity furnaces are an expensive way to heat a home. To get cheaper heat using electricity you need a heat pump. The very cheap natural gas prices in the US mean gas heating is much cheaper, explaining its dominance for central heating.
2023-04-18 11:17:08
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Harper Wright
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What these heating costs show is that in the US both fuel oil furnaces and electricity furnaces are an expensive way to heat a home. To get cheaper heat using electricity you need a heat pump. The very cheap natural gas prices in the US mean gas heating is much cheaper, explaining its dominance for central heating.