Thus, in any given year, only one out of 20 consumers needs to replace a furnace or boiler. For 95 percent of consumers who do not need a new furnace or boiler, conversion makes no economic sense. Investing in energy conservation options presented in the CECA study is the clear choice for lowering energy bills. For the one out of 20 consumers who need a new furnace or boiler, the best advice is to purchase a high efficiency model. This will produce the lowest fuel costs and reduce air pollutant emissions by reducing annual fuel consumption.
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All rights reserved. The facts are abundantly clear. If you are using oil and are concerned about energy prices, you will reap greater returns spending your money on proven conservation techniques than switching to natural gas. An Evaluation of the Economics of Fuel Switching Versus Home Energy Conservation, is the fifth analysis of the oil versus gas versus conservation question CECA has undertaken in the last 20 years. In each succeeding report, the conclusion has been the same investing in conservation assures a greater return than switching to an alternative energy source.