As the sole heater for a 2,000-square-foot home in a cold climate, expect to spend $3,000 to buy and install the new stove, plus $980 for four tons of pellets. The time it takes for the stove to pay itself off depends on your current heating fuel.
Runs $1,857 per winter, or $877 more than pellets. You can break even in about four years.
Costs about $2,306 a year, or $1,326 more than pellets. Expect a return on your investment in year three.
This fuel is cheaper, at $623 annually, but if you're currently using a fireplace or an older woodstove for supplementary heat, you will save in the long run by switching to pellets.