It will take me 8 years to come up even. The better insulated your house is the longer the pay back. Mine is insulated very well. If your house is a wind tunnel then it won't take so long. The key is insulating your house.
boiler investment payoff
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mwk1000
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I'll guess this year 3rd year. We bought 2200 Gal propane/year pre buy just under 5000/yr. I spent 12K including everything. I used the woods next to me for free but this year I bought a large train of 12 month old oak logs to free up some weekends from scrounging. I figure that will last 4 years 475/year 1900 for the load.
I still have 700 / yr propane so say 4333 less spend the last 3 years is 13K cost saved + Tax credit. Now I will have about 1000/year steady cost after the unit has paid for itself. When I get to doing the DHW I'll save more. If I continue to collect wood and stretch the pile further even more saved.
Being held ransom to a company asking 2.40 a gallon with no better options will never happen again
!
I still have 700 / yr propane so say 4333 less spend the last 3 years is 13K cost saved + Tax credit. Now I will have about 1000/year steady cost after the unit has paid for itself. When I get to doing the DHW I'll save more. If I continue to collect wood and stretch the pile further even more saved.
Being held ransom to a company asking 2.40 a gallon with no better options will never happen again
!
Got all my receipts tallied and thought I'd post an update.
I went over my first post estimate quite a bit so here's a summary
boiler $6,700
shed $1,500
near boiler plumbing and tanks $1,715
chimney $702
underground pipe $2,024
backhoe and rotery hammer rental $229
plumbing and panel rads house $1,650
shop foam under floor, pex, manifold and plumbing $1,950
Total $16,470
these are not exact Numbers but vary close. My payoff will be a while but, I would have had the same or more in an outdoor gasser and not had the shed. I could have saved 5,500 by putting in
an reg. outdoor owb but would burn lots more wood and still not have the shed. Not having smoke dirt etc. in the buildings priceless. Would I do it again. YES
There is no fancy controls or reset on my system. It's pretty simple. I would say payoff is probably 7 years.
I went over my first post estimate quite a bit so here's a summary
boiler $6,700
shed $1,500
near boiler plumbing and tanks $1,715
chimney $702
underground pipe $2,024
backhoe and rotery hammer rental $229
plumbing and panel rads house $1,650
shop foam under floor, pex, manifold and plumbing $1,950
Total $16,470
these are not exact Numbers but vary close. My payoff will be a while but, I would have had the same or more in an outdoor gasser and not had the shed. I could have saved 5,500 by putting in
an reg. outdoor owb but would burn lots more wood and still not have the shed. Not having smoke dirt etc. in the buildings priceless. Would I do it again. YES
There is no fancy controls or reset on my system. It's pretty simple. I would say payoff is probably 7 years.
Fred61
Minister of Fire
Continuous annual upgrades in the weatherization of my home since installing the EKO have thrown a monkey wrench in my calculations. By the time the boiler reaches it's last days, I probably won't even need it.
I voted the 3 to 4 year for the EKO based on fuel costs alone but this year I am using a different boiler and have nearly broken even on the purchase price already. Based on a 4.5 month heating season the unit cost me around $400 per month while average fuel oil is $584 per month (weather did a pitch hitter in Oct so we started early). No it was not used when I got it it was new and they don't sell for that any more they went up $900 and now only have a one year waranty. Mine was advertised with 10 yr. I don't think it will make it. Part of the reason I am doing so well is I got a deal on red oak @ $35 a cord (full cord) U cut. Not free but beats local delivery of "seasoned hardwood". ;-)
Dave T
New Member
I figured 6 years to pay it off, I was burning 2X the wood in an OWB (and still not staying warm)before the EKO (now house temp is toasty). My time is not figured in, but niether is the happiness of my warm family. I did count the triple wall 8"chimney and cost of additional piping that was needed for the EKO (keep in mind my EKO was used and came at a good price). So my EKO is a little under halfway paid for. SWEET!!
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