Average Heating Bill in New York → Albany County
$642/mo
$3,853/year
$1.93/sq ft (oil heat, 2,000 sq ft home)
↓ Oil prices are down 8.6% over the past 6 weeks, which affects current heating bills. View price trends.
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.54/therm | $17 | $1,572 | $262 |
| Heat Pump | $0.28/kWh | $28 | $2,625 | $437 |
| Heating Oil | $4.79/gallon | $41 | $3,853 | $642 |
| Electric Baseboard | $0.28/kWh | $83 | $7,874 | $1,312 |
Cheapest option for this area
Natural Gas
$1,572/year estimated — saving $2,281/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 2026-06-02.
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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: $4.79/gal · 3 suppliers reporting prices
Compare Albany County Suppliers →