Stabalize Your Energy Bill
Cost Savings with Pellet Stoves
There are various ways you save money when you switch to pellet stoves as a primary or secondary heating source.
1. You can buy the amount of heating fuel you need in advance, so you needn’t worry about future fuel prices. You can purchase pellets in up to 40-pound bags, stock up for the whole season at once to ensure you will have a heat when you need it most.
2. Many regions of the country are seeing $5-per-gallon prices for home heating oil. On the other hand, today the average cost of pellets is around $300 per ton. Pellets would have to be over $500 per ton to equal the current cost of oil! You can stock up on wood pellets and still save money. To see exactly how much switching to a pellet heating source can save you, check out PennState’s Online Energy Selector Tool, which compares the cost of various energy sources.
3. On top of the price comparisons, switching to a qualifying pellet stove as your primary heating source entitles you to a federal tax credit of 30% up to $2,000 annually, based on the full cost (purchase and installation) of the unit. To learn more about the tax credit and to explore Harman’s qualifying line of stoves, visit here.
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