Old Oil Tank Replacement Convert to Gas Cost Estimate
Hi all, I am considering a single family home purchase in NJ. The house needs to have its oil tank replaced (above ground). There is gas available to the home so an oil to gas conversion is most likely the case here. The house is under 2000 sqft. Also, there is no cooling, so Central AC is something I would consider as well.
I have called a few HVAC professionals that have not been able to give me detailed estimates on the costs of these but was able to have them say that most like $20,000 is towards the top end of this installation. I need an estimate to determine if I take out a 203k loan with the mortgage and for about how much? Does anyone have a ball park figure for a standard cost of oil to gas conversion and for central AC installation?
Thanks so much,
Ricky
Most Popular Reply
If all you are doing is replacing an oil furnace with a high-eficiency (95 AFUE) condensing gas furnace and having gas service brought to the house (i.e. assuming the ductwork is all in-place) 20K is awfully expensive. I've converted several oil furnaces to natural gas or air-2-air heat pumps and have never spent more than 60% of that amount (and I live in Canada where things are always more expensive).