How To Calculate The ROI Of Buying A Waste Oil Furnace

When investing in any piece of equipment or machinery, including a waste oil furnace, you’re smart to consider how it will affect your business’s profitability. Why buy something if it won’t give you a reasonable return on your investment?

At Clean Energy Heating Systems, we understand how important it is to make decisions that make sense financially. So we encourage our customers to ask about the ROI of buying a waste oil heater before making a purchase.

Zeroing on the ROI of Waste Oil Heating

To estimate the ROI of a waste oil furnace, you need to factor several things into the equation. Read on to see just a few of the most important factors to consider.

1. Your costs to heat your building

  • How much do you typically spend annually?
  • How much would you estimate you spend over a 5-year span?

2. Your costs to dispose of your waste oil

  • How many gallons of waste oil do you dispose of annually?
  • What is your cost per gallon to dispose of that waste oil?
  • How much do you spend annually to dispose of your waste oil?
  • At the current rate you’re spending for disposal, what would your disposal costs over a five-year span be?

3. Purchase price of your waste oil furnace

  • Waste oil furnaces range in price from a few thousand dollars on up

4. Shipping costs

  • Depending on where you’re located and where your furnace is shipping from this may be a factor

5. Installation and other costs

  • Will you have to reroute ductwork, or install a new tank?

With all of that information, you’ll have what you need to calculate your potential energy savings and your return on investment.

Of course, that requires doing some math. So if that’s not your favorite pastime, you can use our automatic ROI calculator instead. It’s a simple-to-use tool that lets you simply plug in the numbers and—voila!—you’ll see how much you can save and when you can expect to recover the cost of your investment.

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If you’re ready to explore how waste oil heating can cut your energy costs by turning your used waste oil into free heat for your company, check out the ROI you might expect and contact us for more information.