LD1
Epic Contributor
What seems to be missing in the discussion here is very basic to our situation. I own 45 acres of mature hardwood forrest. The wood does not cost me a cent. If I owned an oil refinery, or a natural gas well, I might use those products. Since I don't, I use what I do own. There are always trees that need cutting, trimming or removal (called managing the forest). I seldom cut live trees, for example, we had a flood here this past spring that uprooted dozens of large oaks and hickory. Some were 36 in. diameter and over a hundred years old. Easily got 7 cords of cut wood from them. Cost, a new chain for the saw, and a couple of gallons of gas, some saw oil and my time. Cheapest heat I know of.
What's missing is.....
That while the wood is free, and you can tell yourself you are saving hundred of dollars on a fuel or electric bill every month......the wood still has value.
Around here, it's about $160 per cord.
So whatever you think you are saving.....deduct the value of the wood....what you could have reasonably sold it for. And what's left over is your "actual" savings