When people think about buying a pellet stove, they usually only take the cost of the pellet stove into consideration as to how much money they need to shell out.
How much does it cost to run a pellet stove if you take into consideration other fixed and variable costs?
If you break down the overall pellet stove cost, you’ll realize that the product cost isn’t the only thing you need to pay for.
In this article, we’ll list all the costs associated with buying and running your pellet stove. From there, you’ll be able to know the total pellet stove cost.
How much Does It Cost to Run a Pellet Stove?
The first thing that you need to take into consideration is the initial cost of the product or the product’s price. This will really depend on what brand of pellet stove you’re looking to buy and where you buy.
A rough estimate of the cost can fall somewhere between $1,500 to up to $3,000. Take note that this is just the product cost. This does not include installation costs.
If you’re going to take into consideration the installation cost, you can expect to pay a minimum of $1,000 for product installation and ventilation. Of course, the installation just starts at this price. It can go higher depending on what kind of ventilation system you’re installing.
You can easily reach up to $4,000 if the ventilation system you want to have is a little more complex than the ordinary.
Those are some of the basic fixed costs that you need to take note of when you’re going to install your pellet stove. Again, this is just the product cost and installation cost.
Now that you have your pellet stove installed, you’re going to need to spend on fuel. Fortunately, the fuel is all you need to think about since you don’t need to spend on electricity.
So, how much does the fuel cost, anyway? Well, your fuel are your wood pellets. Wood pellets usually come in a ton per pack. One ton is typically around $250 per bag.
The Calculation: How many Pellets Do I Need?
If we were to properly organize the cost, let’s take a look at how much you need to spend per season. Generally, most homeowners make use of 3 to 7 tons of wood pellets per season. This depends on what season it is and how many times you intend to use the pellet stove.
Let’s say that in the hot season, you may choose to use 3 tons of wood pellets. In that season (three months), you’ll need to spend a total of $750 on wood pellet bags.
Once the cold weather kicks in, you may decide to use your pellet stove more often. So, you may end up using 7 tons of wood pellets in those 3 months.
That’ll put you at $1,750 per season.
If you were to put all these costs together, how much does it cost to run a pellet stove? You’ll probably reach a range of $3,500 to about $8,500 when you buy your pellet stove and run it during the first season. Again, this depends on the current weather and how much you intend to use the stove.
In any case, it pays to know how much you need to put aside all in all once you decide to buy a pellet stove. This guide will tell you just that.