I will be saving up about five hundred bucks a year, maybe some more, with low electricity prices in quebec, and I need to cut the wood I order (675$ for 5 cords of uncut wood). Wood stove will probably take up to 5 years to pay for itself. Though, the wood heat is much more appreciated, with warm floors from the basement heating. This has no price. Happy wife. I totally hate electric baseboard heating, which is my main electrical heating source. You always feel cold with it.