Is it worth converting from oil heat to a heat pump?

Oil-to-heat-pump conversion is the strongest 2026 energy-upgrade ROI in the Northeast. Cumulative incentives can hit $14,000+: federal 25C $2,000 + HEEHRA point-of-sale up to $8,000 (income-qualified) + state credits $300–$1,500 + utility rebates $1,500–$4,000 (MA, CT, RI, NY, ME, NH). Operating cost drops 40–60% — oil at $4.50/gallon in 2026 costs roughly 2× a cold-climate heat pump running on electricity at $0.22/kWh. Payback is 4–8 years even at non-income-qualified incentive levels. Pair the conversion with attic insulation for an additional $1,200–$3,000 in 25C credit stacks.