Hi guys.
Like everyone else my plan is to use a lot of wood this coming winter to cut down on my fuel bills...and I am trying to decide between going full-speed ahead with a state-of-the-art wood boiler w/1000 gallon heat storage tank from TARM (which is going to cost roughly $16,000) versus a woodstove up in the living area that will likely cost $2000 or so.
Background: I have a house in the cold part of New England where 10-20 below can be common in the winter. My house is about 2800 SF, not an open floor plan, about 40 years old (so not super draft, but not super tight). I currently heat with oil (FHW) and have used an average of 1950 gallons a year of the past 5 years (thats each year!).
All my wood is free and I have a lifetime supply on the property. (and I enjoy processing it).
As far as payback, the tarm is capable of heating the whole house plus DHW 100% wood...the payback, even if oil drops back to $1.50 gallon is about 5 years, at current prices they payback is about 3.5 years...so really a no brainer..
BUT, what I can't seem to figure out (since I've never used a wood stove heavily) is how much of the 2000 gallons of oil per year I could save by using just a wood stove, not to replace the oil, but to supplement it. With my non-open floor plan, and the fact that I have FHW w/radiators that I need to keep from freezing, seems the best I could do with the woodstove is supplement the heat with it.
Anyone here with a similar situation give me some idea how much (a %?) of your heating bill you can knock down with just a wood stove. If it only saves me 10-15% of the oil, the wood boiler seems a better wa to go...on the other hand, if I can 50-60% of my oil costs I think that tips things back to the wood stove over the boiler on a pure ROI basis...
Thanks in advance!
Like everyone else my plan is to use a lot of wood this coming winter to cut down on my fuel bills...and I am trying to decide between going full-speed ahead with a state-of-the-art wood boiler w/1000 gallon heat storage tank from TARM (which is going to cost roughly $16,000) versus a woodstove up in the living area that will likely cost $2000 or so.
Background: I have a house in the cold part of New England where 10-20 below can be common in the winter. My house is about 2800 SF, not an open floor plan, about 40 years old (so not super draft, but not super tight). I currently heat with oil (FHW) and have used an average of 1950 gallons a year of the past 5 years (thats each year!).
All my wood is free and I have a lifetime supply on the property. (and I enjoy processing it).
As far as payback, the tarm is capable of heating the whole house plus DHW 100% wood...the payback, even if oil drops back to $1.50 gallon is about 5 years, at current prices they payback is about 3.5 years...so really a no brainer..
BUT, what I can't seem to figure out (since I've never used a wood stove heavily) is how much of the 2000 gallons of oil per year I could save by using just a wood stove, not to replace the oil, but to supplement it. With my non-open floor plan, and the fact that I have FHW w/radiators that I need to keep from freezing, seems the best I could do with the woodstove is supplement the heat with it.
Anyone here with a similar situation give me some idea how much (a %?) of your heating bill you can knock down with just a wood stove. If it only saves me 10-15% of the oil, the wood boiler seems a better wa to go...on the other hand, if I can 50-60% of my oil costs I think that tips things back to the wood stove over the boiler on a pure ROI basis...
Thanks in advance!