Energy Cost Calculator
Use the energy cost calculator below specific to your current home’s heating fuel type to determine the cost of using Oil, Propane or Natural Gas.
* For purposes of this calculation, you can assume that the "Average price per gallon" of oil or propane is the price from your most recent oil or propane bill.
** The natural gas equivalent price of oil is calculated using the 12-month average delivery price per therm of natural gas plus the current month commodity price for a typical home and multiplying it by a heat content adjustment factor of 1.4. All transportation and delivery charges are reflected in this price. It is based on a typical home using 1,080 therms annually.
*** The natural gas equivalent price of propane is calculated using the 12-month average delivery price per therm of natural gas plus the current month commodity price for a typical home, and multiplying it by a heat content adjustment factor of 0.92. All transportation and delivery charges are reflected in this price. It is based on a typical home using 1,080 therms annually.
Using the "Current Market Price per Gallon" of oil and propane for this calculation of projected savings does not imply that the current market price for either fuel will be the market price going forward. The market prices of oil, propane, and natural gas in the future months may be the same as, higher or lower than the current prices for each commodity.
Please note that this calculator is provided for reference purposes only. Energy savings are estimated and actual results may vary.
This calculation assumes that you are replacing your existing furnace or boiler with a new unit of the same efficiency. Most new furnaces and boilers are more efficient than the older models they replace resulting in greater savings.
* For purposes of this calculation, you can assume that the "Average price per gallon" of propane is the price from your most recent propane bill.
** The natural gas equivalent price of propane is calculated using the average price per therm of natural gas the current month commodity price for a typical home and multiplying it by a heat content adjustment factor of 0.91. All transportation and delivery charges are reflected in this price. It is based on a typical home using 1,080 therms annually
Using the "Current Market Price per Gallon" of propane for this calculation of projected savings does not imply that the current market price for either fuel will be the market price going forward. The market prices of propane and natural gas in the future months may be the same as, higher or lower than the current prices for each commodity.
Please note that this calculator is provided for reference purposes only. Energy savings are estimated and actual results may vary.
This calculation assumes that you are replacing your existing furnace or boiler with a new unit of the same efficiency. Most new furnaces and boilers are more efficient than the older models they replace resulting in greater savings.