Wood Stove Investment Payback Period and ROI

Estimated Winter Heating Cost
1080 Total Therms Nov 2000 - March 2001
60 Avg Therms for hot water and fireplace pilot April-May-June 2001
718 Heating Therms (less hot water & fireplace pilot)
1.25 Gas Cost ($/Therm in 2004)
$ 899 Sub-Total Cost of Heating Therms
Wood Stove Costs
$ 1,000 Stove
$ 309 Hearthstone
$ 437 Chimney pipe pieces [A friend gave me an old chimney]
$ 57 Penfield permit fee
$ 500 Install labor
$ 180 Tax
$ 17 Thermostat
$ 2,500 Sub-Total Cost of Wood Stove
Insulation Costs
$ 56 Insulation, Repirators, Knee pads
$ 87 Insulation, Bathroom vent duct
$ 215 Insulation
$ 358 Sub-Total Cost of Insulation
Wood Harvesting Investment
$ 15 Chain for saw
$ 6 Rope @ 13 cents/ft
$ 5 File for chain
$ 4 Bar oil
$ 2 Saw fuel Mixture
$ 2 Gas
$ 3 Rings to try as pullies
$ 5 Rope @ 13 cents/ft
$ 80 Winch
$ 38 Line
$ 250 Chain saw
$ 25 Maul
$ 433 Sub-Total Cost of Wood Harvesting Investment
Wood Lean-to - Storage Investment
$ 3 Roofing nails
$ 15 Drip edge
$ 13 Lag bolts, pressure treated 2x4s for header beam.
$ 21 Metal postws and rope for wood stack
$ 8 Metal posts
$ 60 Sub-Total of Wood Lean-to - Storage Investment
Grand Total
$ 3,351
Payback / ROI
90% 80% 70% 60% Percentage of Heat Cost Cut
4.1 4.7 5.3 6.2 Payback period.
24% 21% 19% 16% ROI

 

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