An oil to gas conversion cost can range anywhere from $6,000 – $16,000, depending on your home, your needs, and your current oil equipment. The figures here are fairly accurate, and they provide a lot of helpful tools and considerations to help you make a decision. It is always important to consider how long you plan on living in your home before making any large and costly changes like this.
What if your heating equipment is oil & dated, or needs replacing anyway?
Unless your decision is driven by equipment failure, it‘s rarely financially cost-effective to switch from one fuel source to another no matter which direction you go (converting from oil to gas or gas to oil). When considering new equipment, keep in mind that oil furnaces have an average life expectancy of 30 years, whereas it‘s about 15 years for gas furnaces. Typically the cost to upgrade your oil furnace is around $4,000. And you skip the costs of running new gas lines (around $2,000) as well as the cost of removing your old oil tank ($800 – $2,000).