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Updated over 3 years ago on .

User Stats

10
Posts
6
Votes
Matt Nervegna
  • Rental Property Investor
  • Queens, NY
6
Votes |
10
Posts

Electric vs oil vs gas conversion

Matt Nervegna
  • Rental Property Investor
  • Queens, NY
Posted

Hey I purchased my home back in September , I have a two bedroom apartment on the first floor that me and my family occupy and I have a 1 bedroom apartment upstairs and 1 bedroom in the basement that are both rented. Last winter I locked in at 3.10 $ a gallon for oil for heat my question is since my house runs on oil and I supply heat for the whole house would it be beneficial to do total electric or a gas conversion ? There is gas on my block I’m thinking how to save the most money where I won’t get hit too bad in the winters , last winter I paid approximately 400 a month for oil and I can’t really charge the tenants for the oil because it’s supplied to the entire house so I feel like I have to eat that charge . Thanks for your advice in advanced !