A natural gas service man and I figured it out once in the difference between what I was using now in gas with my 1960's furnace (60-70%) vs buying and installing a new mid efficiency furnace (90-95%) at $4000. Considering that the new furnaces need to be replaced about every 5-10 years there is no way that I could ever pay for a new furnace in gas costs alone. So we decided to leave my furnace the way it is. The bonus is that it's still an old millivolt system and will cycle the furnace on and off even with no power so I don't have to be concerned with my house freezing up during a power outage.
Yep... went through the same here and with the mild climate not many heating days anyway.
1922 home of 1150 square feet...
In the basement a huge millivolt gas central furnace that is similar to coal of that vintage.
The ducts are huge and heat circulates via convection...
Can't tell you how many envied that furnace... totally silent heat... not like the dust blowers of the neighbors where the curtains start blowing and best part was when earthquake took out power for 8 days I had heat, hot water and cooking...
Just replaced a fried circuit board on 16 year old ammana today... no heat since New Years Day... Board actually came on 12th but with daytime temps in mid 70's ok.
Last year had no heat at another rental... 9 year old hi efficiency with bad ballast.... not able to get one on Thanksgiving.
June replaced bad blower on another one... Expensive variable speed $600+
Then I think of all the key match light floor furnaces I have over 100 years old with zero issues as well as wall furnaces... keep a few thermocouples on truck and quick fix.
Maybe if heat or cool climate savings more important.
My 5 year old 14k heat pump in Olympia WA costs a couple of hundred each year so far... which comes out of my pocket... The old resistive furnace had zero issues except tenant complaints expensive to operate
Flame Sensors, Draft Inducers, Draft Sensors, Roll Out, etc... povide many avenues to cause no heat...