Heating Oil Payment Plans in South County, RI
Three Payment Options
Pay how it makes sense for your household
Heating oil bills do not have to land in your mailbox as a four-figure surprise every January. SmithCo offers three different payment structures so you can spread, lock in, or pre-buy your annual fuel based on what fits your budget and your appetite for risk.
“Four decades of helping South County families budget their winter.”
SmithCo Oil Service, Family-Owned Since 1985
Most Popular
Budget Payment Plan
Spread your annual heating oil cost across ten or twelve even monthly payments. Predictable bills year-round, no January four-figure shock, and you get Price Protection coverage automatically when you enroll.
How the Budget Plan works
We estimate your annual heating oil usage based on your tank size, home size, and historical fuel data. That total gets divided into ten or twelve equal monthly payments. Whether your tank is filled in October or February, your monthly bill stays the same. At the end of the season we reconcile against actual gallons delivered. You either roll the difference forward or settle a small balance.
Lowest Rates
Pre-Buy Plan
Pay for your entire heating season up front during the summer when wholesale prices are lowest. Lock in the year’s most affordable per-gallon rate and never think about a fuel bill again until next August.
How the Pre-Buy Plan works
During summer months wholesale heating oil typically prices below winter rates. We calculate your projected annual usage, quote you a locked summer per-gallon rate, and you pay the full amount before September 1st. Throughout the heating season your deliveries are billed against that prepayment at the locked price, even if market rates climb. This is the highest-savings option for customers who can move the cash flow to summer.
Volatility Shield
Price Protection Plan
Cap your maximum per-gallon heating oil rate for the season. If market prices spike, your rate stays at or below the cap. If prices drop, you still benefit from the lower market rate. Protection without prepayment.
How the Price Protection Plan works
You enroll and we set a capped per-gallon rate based on current market conditions. For the protection period, you pay the current market rate at each delivery, but never more than your cap. If oil spikes to four dollars a gallon and your cap is at three, you pay three. If the market drops to two-fifty, you pay two-fifty. It is upside protection without locking you into a fixed price. Budget Plan customers get this protection automatically.
Not sure which plan fits?
Most customers pick based on cash flow and risk tolerance. Here is the quick logic we walk new customers through when they call.
Pay the way that works for you
Set up automatic monthly draft from your bank account or card. No paper statements required.
For the past 27 years, I have used SmithCo Oil to deliver oil while also providing a service contract for the burner. I could not be more satisfied with the timeliness of their deliveries or the expertise of their maintenance technicians.
Payment plans, answered
Is there a fee to enroll in a payment plan?
Can I switch between plans?
What if I use more oil than estimated on the Budget Plan?
What if oil prices drop after I enroll in Pre-Buy?
How is Price Protection different from a fixed price?
Do I need to pay automatically, or can I send a check?
Get your heating costs on a schedule that works
Enroll in any plan with one phone call. No paperwork, no enrollment fees, no commitment beyond this season.
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Family-owned since 1985