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For example, say a high-efficiency boiler costs $4,000 and the lowest efficiency model costs $2,000. Now find out the annual energy cost of each boiler. The EnerGuide label on your boiler will tell you what its annual energy cost is. For example, if the difference is $300, it means the high-efficiency boiler will save you $300 a year on fuel costs.

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Without labor, boilers cost anywhere from $1,500 to $8,000. More often than not, homeowners will install the same type boiler they previously had. However, some homeowners are moving over to gas boilers or high-efficiency boilers, as they are more effective and save more on energy costs down the line.

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