Go Back   Winnipesaukee Forum > Winnipesaukee Forums > Home, Cottage or Land Maintenance
Home Forums Gallery YouTube Channel Classifieds Links Blogs Calendar Register FAQDonate Members List Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 10-18-2017, 09:04 AM   #1
ishoot308
Senior Member
 
Join Date: Feb 2008
Location: Gilford, NH / Welch Island
Posts: 3,669
Default Oil vs. Pellets

With the cost of home heating oil hovering around $2.00 per gallon and the price of wood pellets still around $250.00 per ton right now in the Lakes Region, it appears oil will be cheaper again this winter to heat your home per BTU than wood pellets.

Why hasn't the price of pellets come down??

Other than the ambiance of the pellet stove, is there any other reason I should even consider burning pellets this winter for heat?? Seems like it would just be throwing dollar bills in the stove...

Thoughts from you pellet burners???.....

Dan
__________________
It's Always Sunny On Welch Island!!
ishoot308 is online now   Reply With Quote
Old 10-18-2017, 09:11 AM   #2
thinkxingu
Senior Member
 
thinkxingu's Avatar
 
Join Date: Jul 2014
Posts: 1,397
Default

Burning pellets has become a victim of its own success, right? In addition to being silent and not needing power, my wood stove has been filled with free wood for a decade. (Well, subtract my wood processing gear: a $400 Stihl and $450 gas splitter, and it's probably been 7 years free).

I have seen prices of $215-225 for a ton of pellets, but not sure the quality and that still seems to be, at best, breaking even.

Good luck!

Sent from my Moto G (5S) Plus using Tapatalk
thinkxingu is offline   Reply With Quote
Old 10-18-2017, 09:12 AM   #3
Orion
Senior Member
 
Orion's Avatar
 
Join Date: Feb 2003
Location: Cow Island
Posts: 866
Default "pure" economics?

Agreed....pellets should have come down in price by now. They certainly shot up fast enough when pellet stoves started to get popular. With the number of pellet providers, you'd think there would be more competition or, dare I say it, could there be collusion keeping the prices up?

I have oil heat and my pellet stove has remained cool now for 2 winters. I also recently added a Mitsubishi split heat pump so my options got even more open. It still looks most economical to heat with oil for this winter but I may run the stove a little just to keep it in working order.
Orion is offline   Reply With Quote
Old 10-18-2017, 09:38 AM   #4
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 615
Default

I have a wood stove but my brother inlaw has a pellet stove that he raved about for years. He had a two car garage and he use to fill up one side with pallets of pellets.
He hasn't used it in two years because oil has gone down in price and pellets haven't. It's cheaper to burn oil right now than buying pellets or wood.
I only use my wood stove now when it goes below freezing.
Biggd is offline   Reply With Quote
Old 10-18-2017, 10:51 AM   #5
Slickcraft
Senior Member
 
Join Date: Mar 2008
Location: Welch Island and West Alton
Posts: 2,211
Default

Due to our long steep driveway, we can't count on getting oil delivered in the winter. We have our two 275 gal tanks filled in August and then use a combination of burning oil and pellets plus running two heat pumps. After installing the heat pumps our pellet use dropped from 4 ton to about 1.5 ton a year. The pellet stove now just heats the LR, about 40% of the 1st floor. Prior to heat pumps it heated all of the 1st floor plus helping with the 2nd floor.
Slickcraft is offline   Reply With Quote
Sponsored Links
Old 10-18-2017, 10:58 AM   #6
BroadHopper
Senior Member
 
BroadHopper's Avatar
 
Join Date: Oct 2004
Location: Laconia NH / Breckenridge CO
Posts: 4,531
Default

NH Heating Energy Guide

https://www.nh.gov/osi/energy/energy-nh/fuel-prices/

Interesting to note that an electric air pump cost the same as burning an equivalent btu of pellets!

Heating with oil is only $1 more per mbtu than wood.
__________________
Someday may never be an actual day.
BroadHopper is offline   Reply With Quote
Old 10-18-2017, 11:16 AM   #7
joey2665
Senior Member
 
joey2665's Avatar
 
Join Date: Sep 2008
Location: Meredith Bay & LI, NY
Posts: 614
Default

Quote:
Originally Posted by BroadHopper View Post
NH Heating Energy Guide

https://www.nh.gov/osi/energy/energy-nh/fuel-prices/

Interesting to note that an electric air pump cost the same as burning an equivalent btu of pellets!

Heating with oil is only $1 more per mbtu than wood.
How accurate are the costs on this site? My propane cost and costs others are posting here are 1/2 of the listed 2.89 per gallon stated price.
joey2665 is offline   Reply With Quote
Old 10-18-2017, 11:44 AM   #8
ishoot308
Senior Member
 
Join Date: Feb 2008
Location: Gilford, NH / Welch Island
Posts: 3,669
Default

Quote:
Originally Posted by joey2665 View Post
How accurate are the costs on this site? My propane cost and costs others are posting here are 1/2 of the listed 2.89 per gallon stated price.
Yup! Here's a better comparator where you enter the exact cost...It blows me away how much less it cost to heat a home with a ductless heat pump!!

https://www.efficiencymaine.com/at-h...st-comparison/
__________________
It's Always Sunny On Welch Island!!
ishoot308 is online now   Reply With Quote
Old 10-18-2017, 12:01 PM   #9
joey2665
Senior Member
 
joey2665's Avatar
 
Join Date: Sep 2008
Location: Meredith Bay & LI, NY
Posts: 614
Default

Quote:
Originally Posted by ishoot308 View Post
Yup! Here's a better comparator where you enter the exact cost...It blows me away how much less it cost to heat a home with a ductless heat pump!!

https://www.efficiencymaine.com/at-h...st-comparison/
Wow even at my current propane price the ductless heat pump is 70% cheaper!!!!
joey2665 is offline   Reply With Quote
Old 10-18-2017, 12:13 PM   #10
dpg
Senior Member
 
dpg's Avatar
 
Join Date: Apr 2004
Posts: 2,311
Default

Quote:
Originally Posted by thinkxingu View Post
Burning pellets has become a victim of its own success, right? In addition to being silent and not needing power, my wood stove has been filled with free wood for a decade. (Well, subtract my wood processing gear: a $400 Stihl and $450 gas splitter, and it's probably been 7 years free).

I have seen prices of $215-225 for a ton of pellets, but not sure the quality and that still seems to be, at best, breaking even.

Good luck!

Sent from my Moto G (5S) Plus using Tapatalk
Keep in mind though not everybody has access to free wood. I'm sure the "average" wood burner doesn't get it free or even split it themselves.
dpg is offline   Reply With Quote
Old 10-18-2017, 12:45 PM   #11
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 615
Default

Quote:
Originally Posted by ishoot308 View Post
Yup! Here's a better comparator where you enter the exact cost...It blows me away how much less it cost to heat a home with a ductless heat pump!!

https://www.efficiencymaine.com/at-h...st-comparison/
I just finished the room above my 2 car garage as another large bedroom but I didn't put heat in it.
This makes me think that when I do add heat a ductless heat pump is the way to go. Esp since my oil boiler is probably not big enough to handle another zone.
Biggd is offline   Reply With Quote
Old 10-18-2017, 01:30 PM   #12
Seaplane Pilot
Senior Member
 
Join Date: Apr 2004
Posts: 734
Default

Quote:
Originally Posted by Biggd View Post
I just finished the room above my 2 car garage as another large bedroom but I didn't put heat in it.
This makes me think that when I do add heat a ductless heat pump is the way to go. Esp since my oil boiler is probably not big enough to handle another zone.
Sounds like a good place for Mother-In-Law (without the heat)...
Seaplane Pilot is offline   Reply With Quote
Old 10-18-2017, 01:54 PM   #13
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 615
Default

Quote:
Originally Posted by Seaplane Pilot View Post
Sounds like a good place for Mother-In-Law (without the heat)...
I actually have 3 very young grand kids and 2 more on the way. When they come to visit we put them in there and shut the door. The room is plenty big enough for 3 beds and 2 cribs. Peace and quite after 7pm! That's when we light the outdoor fire pit and the drinks start flowing!
Biggd is offline   Reply With Quote
Old 10-18-2017, 02:27 PM   #14
thinkxingu
Senior Member
 
thinkxingu's Avatar
 
Join Date: Jul 2014
Posts: 1,397
Default

Quote:
Originally Posted by dpg View Post
Keep in mind though not everybody has access to free wood. I'm sure the "average" wood burner doesn't get it free or even split it themselves.
Understood--I was just mentioning why/how wood can be a value.

Sent from my Moto G (5S) Plus using Tapatalk
thinkxingu is offline   Reply With Quote
Old 10-18-2017, 07:37 PM   #15
pjard
Senior Member
 
Join Date: Aug 2002
Location: Gilford, NH
Posts: 540
Default

Quote:
Originally Posted by ishoot308 View Post
Yup! Here's a better comparator where you enter the exact cost...It blows me away how much less it cost to heat a home with a ductless heat pump!!

https://www.efficiencymaine.com/at-h...st-comparison/
Dan

I have oil, pellets and the Mitsubishi Split systems. With the app that I have for my solar panels I can see in great detail how much electricity I'm using. I did the math last year and by FAR the heat pumps are the most efficient way to heat. Even with cheap oil. In fact, my three splits systems running full use less electricity than my boiler. Again, that's just to run the boiler. I know its hard to believe but it's correct. However I do have 4 tons of pellets on the way only because my wife and I both love heat quality of the stoves.
pjard is offline   Reply With Quote
Old 10-18-2017, 07:54 PM   #16
ishoot308
Senior Member
 
Join Date: Feb 2008
Location: Gilford, NH / Welch Island
Posts: 3,669
Default

Quote:
Originally Posted by pjard View Post
Dan

I have oil, pellets and the Mitsubishi Split systems. With the app that I have for my solar panels I can see in great detail how much electricity I'm using. I did the math last year and by FAR the heat pumps are the most efficient way to heat. Even with cheap oil. In fact, my three splits systems running full use less electricity than my boiler. Again, that's just to run the boiler. I know its hard to believe but it's correct. However I do have 4 tons of pellets on the way only because my wife and I both love heat quality of the stoves.
Thanks Paul,

Seriously thinking about going the Mitsubishi split system at my main home as an add on to my hot air oil system. Since I already have the duct work in the house Iím hoping the savings for that makes the pay back time worth it. The AC portion is just a bonus! The house is pretty new and very energy efficient...

Dan
__________________
It's Always Sunny On Welch Island!!
ishoot308 is online now   Reply With Quote
Old 10-19-2017, 02:15 AM   #17
Woody38
Senior Member
 
Join Date: May 2016
Posts: 211
Post

Just bought the Dyson Pure Heat+Cool at Costco. Turned it on at the condo and heated in a matter of minutes. Granted it is not that cold today and night. We have considered getting another unit. Will be interesting how the cool will work on hot summer days. I figure with the cool and maybe a fan things will keep us comfortable. I would like the Mitsubishi but do not think it would be allowed in the only area it would work.

Incidently what is the would used in the fire pit. Sure does stink.

I am a retired workaholic and continuing aquaholic.
Woody38 is offline   Reply With Quote
Old 10-19-2017, 07:39 AM   #18
SIKSUKR
Senior Member
 
SIKSUKR's Avatar
 
Join Date: Apr 2004
Posts: 4,947
Default

Quote:
Originally Posted by Woody38 View Post
Just bought the Dyson Pure Heat+Cool at Costco. Will be interesting how the cool will work on hot summer days. I figure with the cool and maybe a fan things will keep us comfortable.
I am a retired workaholic and continuing aquaholic.
Its not going to cool anymore than having a fan on you. It can't. You can't make heat disappear into the same air your taking it from.
__________________
SIKSUKR
SIKSUKR is offline   Reply With Quote
Old 10-19-2017, 08:38 AM   #19
Orion
Senior Member
 
Orion's Avatar
 
Join Date: Feb 2003
Location: Cow Island
Posts: 866
Default

Quote:
Originally Posted by ishoot308 View Post
Seriously thinking about going the Mitsubishi split system at my main home as an add on to my hot air oil system. Since I already have the duct work in the house Iím hoping the savings for that makes the pay back time worth it. The AC portion is just a bonus! The house is pretty new and very energy efficient...
The Mitsu split would not use the ductwork. There are interior units that you mount in ceiling, on wall, or in-wall.
Orion is offline   Reply With Quote
Old 10-19-2017, 08:41 AM   #20
Orion
Senior Member
 
Orion's Avatar
 
Join Date: Feb 2003
Location: Cow Island
Posts: 866
Default overly optimistic?

Quote:
Originally Posted by ishoot308 View Post
Yup! Here's a better comparator where you enter the exact cost...It blows me away how much less it cost to heat a home with a ductless heat pump!!

https://www.efficiencymaine.com/at-h...st-comparison/
Most of those numbers are driven by the efficiency numbers applied (visible when you expand each device type). Where do those numbers come from and are they accurate? Showing a heat pump at 350% efficiency seems a bit optimistic and I've seen 200% for that on other sites.
Orion is offline   Reply With Quote
Old 10-19-2017, 09:18 AM   #21
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 615
Default

Quote:
Originally Posted by Orion View Post
The Mitsu split would not use the ductwork. There are interior units that you mount in ceiling, on wall, or in-wall.
On the split system, can the indoor unit be placed on a ceiling? The room above my garage has 4' knee walls and slanted from there to the ceiling. I have doors at both ends without enough space above them for the indoor unit.
Biggd is offline   Reply With Quote
Old 10-19-2017, 09:32 AM   #22
codeman671
Senior Member
 
codeman671's Avatar
 
Join Date: Jan 2005
Posts: 2,364
Default

Quote:
Originally Posted by Biggd View Post
On the split system, can the indoor unit be placed on a ceiling? The room above my garage has 4' knee walls and slanted from there to the ceiling. I have doors at both ends without enough space above them for the indoor unit.
They do make cartridge versions that mount in the ceiling and look like a vent. They are more inconspicuous than the larger wall mounted units. They also make cartridges that duct up through the floor. If I recall though the seer rating is less on these than the wall mounted units.
codeman671 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 06:48 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2017, vBulletin Solutions Inc.

This page was generated in 0.17811 seconds