As a subject matter expert in the field of energy efficiency and home heating, I've spent countless hours analyzing the costs and benefits of various heating systems. When it comes to the comparison between oil heating and electric heating, it's a multifaceted issue that involves not only the cost of the energy source itself but also the efficiency of the heating system, regional availability, and environmental impact.

Oil Heating:
Oil heating is a traditional method that has been used for many years. It is known for its reliability and the fact that oil furnaces can be quite efficient, often with an annual fuel utilization efficiency (AFUE) of around 80% to 95%. However, the cost of oil can fluctuate significantly with the market, which makes it a less predictable option for consumers. Additionally, oil requires storage on the property, which can be a concern for some homeowners due to the space required and the potential for leaks.

Electric Heating:
Electric heating systems are becoming increasingly popular due to the simplicity of installation and the fact that electricity is generally a cleaner energy source. Electric furnaces and heat pumps can be very efficient, especially heat pumps, which can provide up to three times more heat energy than the electrical energy they consume. However, the cost of electricity can also vary, and in some regions, it may be more expensive than oil. Moreover, the efficiency of electric heating can be affected by the local electricity grid's reliance on fossil fuels.

Heat Pumps:
A special mention must be given to heat pumps, as they offer a more energy-efficient way to heat a home using electricity. They work by transferring heat from the outside air or ground into the home, making them highly efficient, especially in moderate climates. However, their initial cost can be higher, and their efficiency decreases in extremely cold temperatures.

Natural Gas:
It's also important to consider natural gas as a heating option. In the US, natural gas is often cheaper than both oil and electricity, making it a popular choice for central heating. Gas furnaces are typically very efficient, with some models boasting an AFUE of over 90%.

Cost Considerations:
The cost of heating a home with oil or electricity can vary greatly depending on the region, the efficiency of the heating system, and the current market prices for these energy sources. In general, if we look at the national average, electricity is often cheaper than oil, but this can change depending on the specific circumstances of the household and the local energy market.

Environmental Impact:
Lastly, the environmental impact is an important factor to consider. Electric heating, especially when powered by renewable energy sources, can be a cleaner option. On the other hand, oil is a fossil fuel that contributes to greenhouse gas emissions when burned.

In conclusion, whether oil heating is more expensive than electric heating depends on a variety of factors, including local energy prices, the efficiency of the heating system, and the source of the electricity. It's essential for homeowners to evaluate all these factors when choosing the most cost-effective and environmentally friendly heating option for their homes.

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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.read more >>