Heating Cost in New Jersey → Morris County
How much does it cost to heat a home in Morris County? Here's a breakdown by fuel type, using real local prices and 5,745 heating degree days for Morris County.
Estimates are for a typical 2,000 sq ft home. Use the calculator for your exact ZIP code.
↓ Oil prices in Morris County are down 6.8% over the past 6 weeks. View current oil prices.
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.37/therm | $15 | $1,185 | $198 |
| Heat Pump | $0.23/kWh | $23 | $1,846 | $308 |
| Heating Oil | $4.28/gallon | $36 | $2,924 | $487 |
| Electric Baseboard | $0.23/kWh | $69 | $5,537 | $923 |
Cheapest option for this area
Natural Gas
$1,185/year estimated — saving $1,739/year vs heating oil
Oil price: $4.28/gal (local median). Electricity: $0.23/kWh (New Jersey avg). Gas: $1.37/therm (New Jersey avg). HDD: 5,745. Estimates for a 2,000 sq ft home.
Prices updated: 2026-07-18. Prices may differ from real-time calculator.
At local electricity rates ($0.23/kWh) and oil prices ($4.28/gal), switching from oil to a heat pump would pay for itself in approximately 10.2 years (based on average installation cost of $11,000). Federal tax credits and state rebates can reduce this significantly.
During the heating season (October–March), a typical 2,000 sq ft home in Morris County costs approximately:
If you're staying with oil heat, the biggest savings come from comparing local suppliers. The spread between cheapest and most expensive in Morris County can be $0.50–$1.00/gallon — that's $250–$500/year on the same fuel.
Median: $4.28/gal · 14 suppliers reporting prices
Compare Morris County Suppliers →We'll email you when local heating oil prices drop to your target — no spam, only price drops.