I recently updated the Fuel Cost Comparison Chart at Alternative-Heating-Info.com and the results were surprising. As of 3/20/06 it was actually cheaper in Metro Boston to heat with natural gas than with wood pellets!
During these times of fuel price volatility, its important to keep a close eye on the relationship between fuel prices. Any homeowner who uses a wood pellet stove to supplement their gas furnace could be losing money and not even know it..
If you can use a calculator, youre only minutes away from figuring out which fuel is the cheapest to burn at any given time.
When you compare fuel heating costs make sure its apples to apples. The standard quantity used for comparing residential fuel costs is 1,000,000 BTUs of fuel heat content.
Cost To Burn Wood Pellets
Since a wood pellet stove needs only 125 lbs (1/16 of a ton) of pellets to generate 1,000,000 BTUs, divide the cost per ton by 16. At $198 a ton for wood pellets it costs $12.38 to produce 1,000,000 BTUs.
Cost To Burn Natural Gas
The price per therm (look at your gas bill) of natural gas in Boston is $1.1813. When you multiply that by 10.30 (10.30 cubic feet)...
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