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However, heating a home with a geothermal heat pump or a cold climate heat pump would be less expensive than using oil.At $4.67 a gallon for oil, it would cost the same to produce the same amount of heat using oil or electric baseboard heat.or example, a home that uses 800 gallons of oil for heating would use about 25,300 kilowatt-hours to produce the same amount of heat. Visit www.cmpco.com for a link to a more detailed spreadsheet from the Department of Energy to compare heating costs.
However, these are radiant electric heaters that are permanently filled with oil. Many of the models available come with wheels so they are easy to move around your home. This type of heater provides a steady heat source for an entire room. The price range for oil-filled heaters is $50 to $110. Another option for additional heating in your home is using either a gas or kerosene heater. Both of these heaters give off a great deal of heat and come in handy when there is no power, since they don't require electricity.