Generally OIL heat is
very efficient . It is one of the most economical means of heating your house(I think passive solar is the only thing that beats it). Weatherizing your house can save thousands off your heating bills. Before you take the gas company up on its offer find out how much they will charge to maintain the gas furnace. Thaey may be taking a page out of the printer companies handbook. Sell the initial product cheapest method possible and beat the customer out for supplies (gas), and repairs(maintenance).
While gas is more expensive and less efficient than oil you lose a several headaches that are part and parcel to oil furnaces, a large tank being one, and the smell of the oil when you are in the tank room. Also some of the new environmental laws can be a hassle if you decide to go to gas. YOU will need to get rid of the oil tank, pumps piping in an environmentally safe way.
Stay with the radiant(Hydronic) heating It is much more comfortable and less intrusive than air heat.
Top rated furnaces .
energy guidlines .
Replacing your heating plant.
Electric is one of the most expensive methods of heating a house!
Dont use electric unless you buy one of the new heat pumps and then only as a supplement to the oil heat.
QUOTE
"With gas, propane and oil prices increasing, installing a heat pump, instead of just a central air-conditioner,
with your old furnace may make good economic sense. During mild fall and spring weather, a new heat pump can heat your home less expensively than a gas, propane or oil furnace"
BTW CAnt you tie the photovoltaic cells to the oil pump so it will run during those power outages?