When I decided to buy the pellet stove heating oil was over $3/gallon. That means it would cost over $3000 to heat this 2700 square ft house in the winter. With the cost of a winter’s worth of pellets being about $1000 I figured the ROI of the stove would be about two and one half years. Now that the price of oil has dropped, my break even is three to four years.
A good economic move I’d say.
Plus the secure feeling of knowing that you’ve got the full winter supply on hand ahead of time.