This will be my first season turning the tables on Amerigas. I have a 500 gallon in ground propane tank. Just got off the phone with them yesterday. My new contract for this year went up to $415 a month (budget plan). They said we used 1400 gallons last year.
Propane is $3.51 gal locked. Last year was a colder winter around here... they said.
1400 x 3.51= $4914
So our fuel costs are almost $5000 a year.
Our real estate and school taxes are over $6000 and a wood stove won't help that one.
I would like to reduce the propane usage to about one tank or less a season.
Lets use 400 gallons as an example.
400 x 3.51gal = $1404
$5000 - $1404 = $3596
So fuel savings will be around $3000 - $3500 depending on the severity of the winter.
I already own the chainsaw and the splitter. I used them for the open fireplace.
Wood will be free except for this year I have to buy a couple of cords.
Costs to install two top of the line wood stoves. I did the labor myself.
Clydesdale $3300, chimney liner kit $453 = $3753
Hearthstone Equinox (used) $2000, chimney $1850, hearth $1300, shield $250 = $5400
I have $9153 wrapped up in this project not including caulk (why did I have to add that up?
)
It's gonna take me probably at least 3 years to recoup but you have to understand I went top dollar on a this stuff. The hearth is double what a pre-fab would cost and I could have built one myself for a couple hundred max.
I could have gotten away with 1/3 of that cost for everything with more frugal choices and got my payback in one season.
Look at the bright side. In three years all will be paid for from the savings and we will enjoy the best for all of the rest of our lives..... and saving more each year.
And we LOVE fire.