Originally Posted by NorPlan
...Looking at Possibly installing a Wood Pellet Stove...One of the appealing features , the chimney is pretty much the same installation as a new gas stove or fireplace today.....The house is your typical matchbox style , finished basement and no wasted spaces...
The question is where to actually place the Stove to give a more overall heat to the house...The main source of heat is an Oil Furnace which is very efficient...That being said the price of furnace oil thanks to the Polar Vortex this Winter, last top up end of February was $1.22 a litre...lol...
A therm = 100,000 BTU of energy.
So, if 1.4 therms/gal is the heat value for your fuel oil and a liter is 0.264 of a gal so then it's 1.4 therms/gal x 0.264 gal/liter and the gals cancel out and it's 0.37 therms/liter.
0.37 therms/liter x 1 liter/$1.22, the liters cancel and it's 0.3 therms per dollar.
BTW, I get ~1 therm for each dollar that I spend on natural gas here at the 39th parallel.
You may want to figure out the difference between paying for wood pellets and it's efficiency, vs. your existing oil heat, for your area.