Changing your business’s energy source might sound like a complicated procedure, but it’s well worth it when you consider how much money you can potentially save in the long term. For years, you’ve probably had to rely on using oil to keep your commercial property properly heated in the winter. As you’ve undoubtedly seen in ensuing years, though, the price of oil has gone up considerably.
Recent statistics from the EIA show the price of heating oil continuing to rise, with this winter’s forecast showing a 38% jump over last year. Much of this is due to the increasing price of crude oil and tightening global oil supply balances.
In the northeast, your business is more likely to use oil, since this part of the country makes up most oil users. However, many companies like yours are quickly making a switch to natural gas as an alternative.
Here’s a look at how you can switch and do so in a convenient way for long-term benefit.
Understanding the Differences Between Oil and Gas
The biggest difference between oil and gas is how it’s delivered to your property. As you know, oil is always delivered to your business by truck. You’re no doubt used to this, especially if you’ve been in business for many years.
With natural gas, you’re going to get it piped directly into your building through your utility company. It’s going to mean you need access to a gas line, something typical in many urban and suburban areas nationwide.
In the chance your local area doesn’t have a gas line, you may have to band together with your community to convince a local utility for installation.
Buying the Necessary Equipment
You’re going to need some gas-fired equipment in your business, including a basic furnace or boiler. These don’t cost a fortune, and you’ll generally have to pay in the lower four digits for gas. A price like this differs greatly from oil, which is usually double or triple the cost.
Keep in mind if you already bought an energy-efficient gas furnace or boiler, you’ll be eligible for a tax credit, but only applicable retroactively up through this last December. Local cost-saving incentives are also possible.
What’s Involved in Gas Hookup?
Once you’ve bought your gas furnace, your local utility company needs to officially connect you to the gas line. Doing so involves two hookups from outside your business and inside. The outside hookup involves running an underground pipe from your building to the main gas line near your property.
As a result, it’s going to require digging a trench from your business to a road where the gas line is. After connection, your utility company installs a meter in or around your business to monitor how much gas you’re using.
When working with the utility company, make sure the fill pipe is visible since the gas delivery company needs this easily accessible. You’ll have to keep watch to assure the fill cap and vent cap are always on tight.
Saving Money Long-Term
Though you do have to invest in some equipment, the cheaper price of gas is going to help pay this all back for your business in under five years. On top of that, you’re choosing an energy source that’s far more environmentally friendly.
Gas has fewer carbon emissions than oil, creating less pollution into the environment. It’s a major solution for your business if you want to go green while also saving money. Fortunately, natural gas is always abundant, and it’s certainly not new.