"SteveC" wrote in message
...
We currently have an Oil burning funace heating Hot Water radiant
baseboards. Oil is getting expensive where we live, $0.88 cents per
liter. We are thinking of adding an Electric Furnace to the existing Oil
Furnace, sort of Hybrid system, Just in case I guess. Electicity is $0.09
cents a KWh, which is not too bad, for now. We always get price hikes
though and could rise. I know that an Electric furnace is 100% Efficient,
which is better then the 80% or so efficiency of the oil furnace.

Anyway, anyone have any advice or things to watch out for, makes/models
are best?

I live in Newfoundland, Canada if that matters.

Run the numbers
http://www.hearth.com/econtent/index...on_calculator/

At your rates, electric is a bit cheaper but the payback is still long.

My oil dealer wants to sell me a new $6000 boiler/water heater so I can save
$400 a year on oil. He wants to get paid when done, though, now from the
savings over the next 15 years.