How Much Can You Expect to Save Using a Waste Oil Heater?

With heating costs on the rise and businesses tightening their belts, the need to reduce overhead and minimize expenses is increasing. The cost of utilities, such as heat, is a big expense for most companies. Many are looking for ways to save money on heat, which presents a unique opportunity for some industries.

trucking companies can burn waste oil for heatauto repair shops can burn waste oil for heatcorporate farms use waste oil heaters to save money

Many industries such as corporate farms, trucking companies, auto repair shops, and car dealerships find themselves with an ample supply of used oil. The need for changing oil frequently to keep vehicles and machinery in top-notch condition means continual waste oil collection, a necessary by-product of their day-to-day operations. Businesses with a large waste oil supply are faced with storage and disposal of waste oil, but some savvy business owners are looking to save some serious cash with a solution that solves a couple issues at once.

Choosing a waste oil heater to heat their buildings and garages means free heat! Most companies who have made the switch to a waste oil heater recoup the initial heating equipment costs within the first year. Not only does heating with waste oil save money on heating costs, but it helps put motor oil and transmission fluid by-products to use, while reducing or eliminating disposal costs.

So how much can you expect to save using a waste oil heater?

Every gallon of waste oil you burn offsets about $2-$3 of energy you would have to buy from a gas provider or fuel supplier. The average heater runs 2,000 hours per year to provide ample heat. Firelake used oil heaters burn about two gallons of oil per hour, which equates to 4,000 gallons waste oil per year. If we err on the low side ($2/gallon), then you can expect to save $8,000 per year! Now that’s a substantial savings; one that pays for your heating equipment within a year of purchase!

Companies who need to keep an eye on their bottom line and have plenty of waste oil available are choosing Firelake waste oil heaters, many of whom are happy to share their experiences with the equipment and cost savings with you.