As winter approaches, a key question many ask is: what’s a cheaper way to heat your home – a wood stove or central heating?
Rising heating bills are expected in the coming months NBC News reports a projected price increase of 28% for natural gas heating, 27% for heating oil, 10% for electricity and 5% for propane. In these highly inflationary times, it has never been more important to keep energy costs as low as possible.
According to 2009 figures from the US Energy Information Administration, an estimated 11.5 million households used wood as a primary or secondary heat source. That number is said to have risen in the meantime and as energy prices continue to rise, more and more people are looking for smarter ways to save money on their heating bills.
Before we dive into the merits of a wood stove versus central heating, check out our other articles on home energy savings including Fan heaters versus oil heaters, Dishwasher instead of hand washing and ours Checking how energy costs can be saved.
Sales of wood stoves are increasing worldwide
Russia’s war with Ukraine has led to sharp increases in underlying energy costs in many countries, which unfortunately are being passed on to consumers. Households are looking for alternatives to central heating and other traditional energy sources, with technologies such as solar panels gaining popularity, supported by New in the United States Tax credits in the Inflation Reduction Act.
In the UK, our sister brand The Money Edit reports that a number of companies have seen one strong increase in demand for stoves.
A company called Anevay stoves has seen monthly growth of between 10% and 20% since the beginning of 2022. Others have also reported similar numbers. But are wood stoves a cheaper way to heat your home?
Pros and cons of a wood stove
To help answer this important question, we’ve sought help from our experienced friends at The money processing to give you all the important information.
- The UK’s Energy Saving Trust says wood burning stoves are as close to a traditional fire as you can get, and they estimate they can cut a home’s heating costs by a whopping 10%.
- Burning wood doesn’t put a strain on the country’s energy infrastructure because you don’t use energy in the same way.
- A quick look at Google Shopping shows that the initial spend for a wood stove plus installation ranges from $649 to $1299.
- Unfortunately, not all recently built homes can accommodate a wood stove as the smoke has nowhere to escape, unlike, for example, an older home with a chimney.
- The cost of lumber itself will soon add up. You can buy bundles of kiln-ready wood online for between $10 and $90.
- As you might expect, a wood-burning stove cannot reach every room in your home, especially if you have a large room spread over several floors, since unlike a radiator system, you are dependent on the sole source of heat from the stove itself in each room that is housed. The residual heat can reach neighboring rooms and corridors, but possibly not your entire home.
- Speaking of fire, combustion and heat, there are of course fire risks with a wood stove if you don’t follow the safety instructions to the maximum.
- In addition, there are now and then the costs for a chimney sweep.
Pros and cons of central heating
Here, too, we have obtained expert knowledge from our friends The money processing help.
- This is a convenient way to heat your home as it is the only way that can bring a consistent source and controlled temperatures throughout your home, provided you have radiators in the most optimal spots.
- You can control when the heating starts according to your preferences, sometimes also via app if you are on your way home from work, school or just from an excursion and want to come home comfortably. warm place.
- It allows you to customize the heating of your home, e.g. B. by installing underfloor heating in some rooms.
- Depending on your movements, you can turn some rooms off and others on. For example, do you have to heat your home office at the weekend when you are not working there?
- Energy experts tend to count them among the safest forms of heating because no wood burning is required. However, it is important that your boiler is maintained to a high standard.
Conclusion: Which is cheaper – wood-burning stoves or central heating?
Our veteran friends at The Money Edit say that gas central heating is the cheaper of the two options as burning wood can be expensive and you also have to consider the initial cost. And this despite the fact that underlying energy prices have risen worldwide.
This may come as a shock if you thought wood was cheap.
Add to that the fact that a central heating system heats your entire home more efficiently while still putting you in control of increasingly innovative technologies.
Plus central heating systems are safer when used correctly.