If you want to eliminate a utility bill from your budget I would highly recommend getting a waste oil burner. They have the potential to save you thousands of dollars per month.
Since I have purchased my black gold waste oil boiler I have saved on average $300 per month in heating costs. Keep in mind two things as well. Before I bought that machine I used to put the house at 65 during the winter sometimes lower to conserve heat. In addition, that $300 a month average was before I built a two story 1,500 square foot garage adjacent to my home to keep my mobile oil change business, my carpet cleaning business, and my boy's lawn care equipment.
Currently I keep my garage at 74 degrees and I keep my home at 72 degrees respectively. The only thing I pay Enstar is a $9 hook-up fee to have natural gas in case something goes wrong with my oil burner and I need to revert back momentarily.
I have had my oil burner since August 2007. That's approximately 22 months of ownership. At the savings per month that I just stated my savings have been $6600. Keep in mind like I said that number was not factoring in how much my monthly bill would have been after you factor in my huge garage that ended up costing me $90,000 to build (never go with the cheapest contractors, but that's another story). My average month natural gas heating bill could have easily been $450 per month. So in reality I have saved $9900. That's astounding!
Its funny how it came to me one day. I have a mobile oil change company that I do with my partner. We generate tons of waste oil and usually had Emerald Alaska come by and pick it up once we had acquired 200 gallons or more. Anything less and we actually had to pay for the pick up. Every time they came they had this huge truck in my neighborhood and had to test each barrel for chlorine. It was a hassle because I was so paranoid my neighbors would complain because their truck was huge and made a lot of noise. Then I remembered a company called Ditch Witch, an equipment rental company, that had a waste "oil burner" they used to heat their entire shop. I then realized the I had the ability to eliminate my whole heating bill using a fuel source that I was getting for virtually nothing.
It was one of the best purchases that I had ever made. To this day I am pleased that I purchased an oil boiler. Its something that people in the right situation should highly think about.
As long as you filter the oil going into your waste oil boiler or furnace, change the burner nozzles, change the boiler or furnace filters, filter the oil going into it, then you will have a long lasting machine that will definitely pay you your money back plus a lot more.
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