What is the Cost to Replace a Burnham V73 Oil Fired Boiler?

Burnham Boilers

• Burnham does not produce the V73 any longer, and it can be difficult to compare Burnham boilers to each other, because of the different purposes behind each model. A Burnham commercial boiler may cost $25,000 or more. But in general, a Burnham replacement for a residential oil fired boiler will cost around $2,000, according to Controls Central, or possibly more than $3,000 accord to Ingram's Water and Air.

Other Oil Burners

• If you want to replace your V73 version with a different type of oil burner boiler, your choices open up considerably. Most prices will still be between $1,500 and $3,000. For a very high efficiency boiler designed for a large house, prices may go up to $4,000 or more. This does not include installation fees. Full installation of a boiler system may add $1,000 or more on top of the retail price. Because oil fired boilers are such a specific type of appliance, they should always be installed by a professional with experience in the brand that you choose.

Sizing

• Always size your boiler correctly based on the amount of water you use. Paying $1,500 for a replacement may sound like a great deal, but if the boiler is a small version that does not provide enough hot water for your house, the savings will not be worth it. High-end or larger boilers will always cost more. Make sure the amount of hot water your new unit produces matches that of your old Burnham model. This might mean paying $4,000 or more for the boiler, but there are advantages.

Efficiency Considerations

• Boiler technology is always improving. Modern oil burners can produce heat with efficiency around 85 percent. This can't match gas efficiency, but it is still much better than older furnaces. The result is utility savings month by month. The higher price you have to pay for your new boiler will eventually be offset by greater efficiency, a key consideration when comparing price tags between models. Paying more upfront for greater efficiency may be worthwhile.