I have been investigating this a bit. PSE&G didn't offer any deals a few years ago if you were switching. In fact you were better off having a gas heater & eligible if you upgraded to a new more efficient one...same discount was not available if you were converting. Also, sometimes they make you get a temporary take (if you have inground) before they will switch you over. There is no way around it, you have to do the investigation. Get the cost of disposing of the take (they have to put stuff in it to make sure none of it leaks when they cut the tank in half), getting a new heating system. PSE&G does offer breaks for solar & you can get some money back & the conversion is supposed to cost 0.00...if you agree to sell the extra back & with rebates. Again, investigation because nobody will recommend a solar installer, etc. You have to have folks come out, hear their pitch. If you are looking into solar- make sure the installer is UI (??) trained. Apparently this is kind of new. Not a lot of standards around solar installation and they are trying to get people trained & field standardized. If I was switching I would look for a gas/electric combo with Solar...expecting to recoup my cost for new heater 5,000 ++?? over the years. I suspect that Gas will be cheaper than oil and much less eratic in pricing. PSE&G has to allow other suppliers for gas & electric and from what I can gather with research, these other suppliers are definitely cheaper (10% or so) Just have to be careful since some of them have complaints about billing issues!