Home heating bills are expected to soar in the coming months, with NBC News reporting an expected price increase of 28% for natural gas heating, 27% for heating oil, 10% for electricity and 5% for propane. It has never been more important in these times of high inflation to keep the cost of energy as low as possible.According to data from the US Energy Information Administration in 2009, approximately 11.5 million households used wood as a primary or secondary source of heat. increase, more and more people are looking for smarter ways to save money on their heating bills.
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Before we get into the merits of a woodburning stove versus central heating, consider our other articles on saving home energy, including fan heaters vs oil heaters, dishwasher vs hand wash it’s ours audit on how to save on your energy bill.
Sales of wood stoves are on the rise all over the world
Russia’s war with Ukraine has led to a sharp increase in the underlying cost of energy in many countries, which unfortunately affects consumers. Households are seeking alternatives to central heating and other traditional sources of energy, with technologies such as solar panels becoming increasingly popular, supported by new US tax credits in the Inflation Reduction Act.
In the UK, our sister brand The Money Edit reports that a number of businesses have seen a sharp increase in demand for wood stoves.
A company called Anevay stoves has seen monthly growth of between 10% and 20% since the start of 2022. Others have also reported similar figures. 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 enlisted the help of our expert friends at Money Change to give you all the important information.
- The UK’s Energy Saving Trust say wood burning stoves give as close to the experience of a traditional fire as possible and estimate they can reduce a home’s heating bill by a whopping 10%.
- Burning wood does not burden the country’s energy infrastructure, as energy is not used in the same way.
- A quick look at Google shopping shows that the initial outlay for a wood stove plus installation is $649 to $1299.
- Unfortunately, not all newly built homes can accommodate a wood stove, as there’s nowhere for the smoke to go, unlike, say, an older home with a chimney.
- The cost of wood itself will soon rise. You can buy bundles of stove-ready wood online for anywhere between $10 and $90.
- As you may expect, a wood burning stove cannot reach every room in the house, especially if you have a large space over several floors because, unlike a radiator system, you are relying on the room’s only heat source. stove itself in whatever room it is located. it is hosted. The residual heat can reach nearby rooms and corridors, but perhaps not the entire apartment.
- Since we are talking about fire, combustion and heat, there are of course fire risks with a wood burning stove if you don’t follow the safety instructions to the fullest.
- There is also the expense of a chimney sweep every now and then.
Pros and cons of central heating
Again, we sought out our friends’ experience Money Change to help.
- This is a convenient way to heat your home as it is the only type that can bring a constant source and regulated temperatures throughout your home, assuming you have your radiators at their most optimum points.
- You can control when the heating comes on according to your preference, sometimes via an app when you’re coming home from work, after school or just after a day out and want to come home to a cosy, warm place .
- It allows you to customize the heating of your home, for example by installing underfloor heating in certain rooms.
- You can set some rooms off, others on, depending on your movements. For example, do you need to heat your home office on a weekend if you don’t work there?
- Energy experts tend to consider them among the safest forms of heating as no wood burning is required. However, it is important to keep your boiler serviced to a high standard.
Verdict: Which is cheaper – wood stoves or central heating?
Our savvy friends at The Money Edit say gas central heating is the cheaper option of the two, as burning wood can be expensive, plus you have to factor in the initial outlay. This is even as underlying energy prices have risen around the world.
This might come as a shock if you thought wood was cheap.
There’s also the fact that a central heating system is more efficient at heating your entire home, while still putting you in control via increasingly innovative technology.
Also, central heating systems are safer when used correctly.