July 5, 2008

Are wood pellet stoves financially practical?

Both my uncle and one of my friends have wood pellet stoves to heat their homes. Wood pellet stoves are basically just wood stoves that burn small pellets made of wood. The pellets are sold in bags and you dump them into the stove which then burns the pellets as needed over time to provide heat for your home. Last winter my friend told me he uses about 1 bag of pellets a day and the bags run him $4 each. Thats about $120 in heating costs a month and he lives in a fairly cold area and has a decent size home.

The Pellet Fuels Institute has a calculator to compare the costs of wood pellets versus other forms of heat. In general wood pellets are less expensive than oil, electric or propane. Natural gas is of comparable cost to wood pellets. Burning hardwood or coal are both cheaper than wood pellets.

If you live in an area that gets cold in the winter and wood pellet stoves are available in the market then you might want to look into one. Natural gas heat might be the cheapest option overall, but if gas isn't available then wood pellets might work well for you.

If you think about wood pellet stoves at all then I'd look first to see if wood pellet stoves and the pellets themselves are readily available in your area. If you can't buy the wood pellets locally then using a wood pellet stove becomes pretty impractical.

More on wood pellet stoves:

2 comments:

  1. It is true that the wider the sources of fuel the more likely it is that people will look to wood pellet and pellet stoves in general as a viable alternative to home heating oil and propane.

    However I still feel that there is a reluctance on the part of households to embrace wood pellet as some see it as less convienent than homeheating oil or in some way more expensive (which is not the case - well not in the long term anyway.)

    From a household budget point of view the ideal scenario is if you can purchase your wood pellet now when prices are low as a hedge against increasing oil prices. People tend to close the barn door after the horse has bolted i.e. only look into wood pellet after the price of oil has shot up.

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  2. Really nice information I get from your article. I share your article on stumble as well. Keep Sharing nice posts..

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