Widening Cost Gap Drives Homeowners From Heating Oil to Propane

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Many state residents are switching to cleaner, more affordable propane to heat their homes this winter due to unpredictable high costs of heating oil and alternative energy tax credits that expire year-end.

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Superior Plus Energy Services

The trend in residential heating favors propane, which is a versatile clean energy source with abundant domestic supplies.

Many state residents are switching to cleaner, more affordable propane to heat their homes this winter due to unpredictable high costs of heating oil and alternative energy tax credits that expire year-end, according to Superior Plus Energy Services, a distributor of both heating oil and propane in the northeast and mid Atlantic regions.

The U.S. Energy Information Administration’s (EIA) recent Short Term Energy Outlook (July 9, 2013) states that households heating using heating oil will spend an average of $407 more this winter than last. By comparison, EIA predicts lower propane prices and a 16 percent increase in propane household heating usage in the northeast compared to last winter. Current federal tax credits reward homeowners with additional cost savings, due to propane’s clean-burning properties.

“When I learned I could save $100 per month on my energy bill, I had Superior Plus install a propane furnace in my home,” said Phyllis Maneval, a Superior Plus Energy Services customer in Dauphin, Penn. “I am recommending to all my friends and neighbors to make the change to propane now to start saving money while incentives are still available. The switchover was fast and efficient.”

By converting to propane, consumers are saving about 40 percent on energy costs and reducing carbon emissions by more than 50 percent annually, according to the Propane Education & Research Council. Propane boilers, for example, lower greenhouse gases by 37 percent and require less frequent maintenance than heating oil units.

“A key driver of increased propane use in home heating is the conversion from a heating oil-fired furnace to a modern high-efficiency propane system,” said Monte Bambrough, vice president of sales and marketing. “The trend in residential heating favors propane, which is a versatile clean energy source with abundant domestic supplies.”

Superior Plus has initiated a conversion program to make the switch to propane easy and cost-efficient. When new or existing customers purchase and install a high-efficiency, ENERGY STAR-compliant propane furnace or boiler from Superior Plus, the company offers zero percent interest and up to $2,000 discount.

“Federal tax credits expire December 31, 2013, so customers are taking advantage of the additional savings now,” said Bambrough.

About Superior Plus Energy Services: Superior Plus Energy Services is a leading supplier of quality energy products, including propane, heating oil, gasoline and diesel, as well as kerosene, electricity and natural gas in select markets. Since 1922, Superior Plus has served residential, commercial, industrial, government, transportation and agricultural customers in the northeast and mid Atlantic regions. The company, which also operates as Griffith Energy and Burnwell Gas in upstate New York, installs and services heating and air conditioning equipment. Superior is a wholly owned subsidiary of Superior Plus Corp (Trading Symbol: SPB on TSX). For more information visit http://www.superiorplusenergy.com.
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