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How To Save Money On Heating

Wednesday, October 4th, 2017 Catalyst | Blogs & Information Comments
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For many wood stove users, efficiency and saving money are the biggest reasons they switched to heating with a wood burning stove. If you heat your home with wood, you can save big-time. In fact, typical wood stove users spend only half as much on winter heating as homeowners who heat with propane, fuel oil, or electric baseboards. But traditional wood stoves aren’t perfectly efficient. Catalyst, MF Fire’s efficient wood burning stove has a smart efficiency of 90%, meaning our customers use less fuel and save on home heating every winter.

Do you want to learn how to save money on heating, or exactly how much you can save if you heat your home with wood? We ran the numbers to show you.

Winter Heating Cost

According to Efficiency Maine, “high-efficiency and low-particulate wood stoves are a renewable and cost-effective way to heat your home.” We used their home heating cost comparison tool to compare 8 different home heating systems, including EPA certified wood stoves, pellet stoves, and MF Fire’s Catalyst efficient wood burning stove.

save money on winter heating costs

Catalyst can save the average homeowner over $1,000 in home heating costs

For a 1,500 sq. ft. home in a climate with moderate winters, it will cost only about $1,150 per year to heat the home with a Catalyst wood stove. That is a $350 annual savings over an EPA certified wood stove, an $800 annual savings over a pellet stove, and a $2,500 savings over a propane furnace. That means over the lifetime of typical wood stoves, Catalyst can save you over $8,500 on your winter heating bill. The Catalyst is one of the best wood stoves for the money because it can save you thousands of dollars per winter on heating.

Home Heating Cost Table

Heat SourceCost per Year
Catalyst$1,150
Ductless heat pump$1,349
EPA wood stove$1,508
Natural gas furnace$1,891
Pellet stove$1,987
Oil furnace$2,086
Propane furnace$3,685
Baseboard$4,733

 

Of course, not everyone lives in a 1,500 sq. ft. house. Want to covert our winter home heating to find out how much you’d save on home heating? Just use our home type table below. Simply multiply the costs of any heat source by the multiplier for your home. For example, heating with a pellet stove in a 2,000 sq. ft. home with severe winters costs $1,987 x 2.0 = $3,974 per year. Our pellet stove user switching to a Catalyst wood stove would save $1,600 each year! We think that’s a no-brainer.

Home Heating Multiplier Table

Home TypeMultiplier
Mild Winter, 1,500 sq. ft.0.7
Mild Winter, 2,000 sq. ft.0.9
Mild Winter, 2,500 sq. ft.1.1
Moderate Winter, 1,500 sq. ft.1.0
Moderate Winter, 2,000 sq. ft.1.3
Moderate Winter, 2,500 sq. ft.1.7
Severe Winter, 1,500 sq. ft.1.5
Severe Winter, 2,000 sq. ft.2.0
Severe Winter, 2,500 sq. ft.2.5

 

Have any more questions on how to save money on heating, or on how to heat your home with wood? Just email us at info@mffire.com. Want to learn more about what makes Catalyst so efficient? Check out our blog on smart efficiency here and learn how much you could save on home heating.

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