Average Heating Bill in New York → Albany County
$630/mo
$3,781/year
$1.89/sq ft (oil heat, 2,000 sq ft home)
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.82/therm | $20 | $1,856 | $309 |
| Heat Pump | $0.29/kWh | $28 | $2,641 | $440 |
| Heating Oil | $4.70/gallon | $40 | $3,781 | $630 |
| Electric Baseboard | $0.29/kWh | $84 | $7,924 | $1,321 |
Cheapest option for this area
Natural Gas
$1,856/year estimated — saving $1,925/year vs heating oil
Average monthly heating costs during the October–March season for a 2,000 sq ft home in Albany County:
Based on a 2,000 sq ft home with 85% oil furnace efficiency, COP 3.0 heat pump, NOAA 30-year normal heating degree days (6,764 HDD for Albany County), and current EIA state-average energy rates. Oil prices reflect local median from 3 tracked suppliers.
Data updated 2026-07-17.
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If you're staying with oil heat, compare local suppliers to find the best price. The spread in Albany County can be $0.50–$1.00/gallon.
Median: $4.70/gal · 3 suppliers reporting prices
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