I live in an older home where the 30 year old oil furnace has finally kicked the bucket. AFAIK, the heat system is water based versus hot air based. We're trying to decide what to buy for the replacement. Unfortunatley, our house isn't hooked up to natural gas, so our options for upgrade are another oil unit or electric. The house isn't huge -- our plumber said we'd be good with a 96k btu unit, although he suggests a 125k just to have some extra kick.
So, my question is -- in general which kind of heater is more cost effective? Right now during peak cold season we end up spending a couple of hundred bucks a month on oil to heat the house. I can imagine with a more efficient modern say system this price might go down a little. But we will still have to deal with the oil company, and with constant maintenance of the unit (cleaning intake, etc...). Electric seems like it would eliminate all that, but I've heard it isn't cheaper than oil.
Any advice would be appreciated.We've had to turn off our heat for the time being, so it's hella cold in the house!