Quick Facts
Average Annual Savings
$1,400
Energy Needs Met
50% to 74%
of space heating
Net Investment
$4,400
Return on Investment
31.8%
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Reducing oil consumption with a high efficiency wood fireplace insert!
Quick Facts
Average Annual Savings
$1,400
Energy Needs Met
50% to 74%
of space heating
Net Investment
$4,400
Return on Investment
31.8%
Property
- Type:
- Residential
- Address:
- Ashland, MA 01721
- Size:
- 2,800 sq ft
- Energy need met:
- 50% to 74% of space heating
Technology
- Type:
- Biomass & Biofuel systems
- Installed:
- September 2014
- Size of System:
- 77000 BTU
- Purposes:
- For space heating
Financial Details
- Gross Cost of System:
- $4,500
- Value of Rebates:
- $100
- Net Cost of System:
- $4,400
- Annual Savings:
- $1,400
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- Expected annual savings are net of the cost of purchasing additional wood to fuel the fire. This estimate assumes that 2 cords of seasoned wood will be sufficient to heat achieve a 50% reduction in oil burning, roughly $2,000 in cost.
Professionals & Suppliers
- Products:
- Regency Fireplace Products
What You Need to Know
Description:
Wood insert fireplace, installed flush into existing fireplace with a masonry chimney
Other Benefits:
Warmth and a beautiful fireplace glow all season.
Maintenance Requirements:
Annual maintenance to clean, similar cost to regular chimney sweeping. Removal of ash regularly by homeowner.
Efficiency or Sustainability Improvements:
Hybrid hot water heater, insulation, new windows, programmable thermostat, sealing around windows/doors.
My Motivation:
High oil costs and traditional fireplace generated only moderate heat in the room but took heat from the rest of the house, making it inefficient.
Advice:
Go for it!
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