According to HPBA, sales of freestanding pellet stoves and pellet stove inserts in
2013* increased by 12% to 54,055 units in the United States. This is great news
because it's another indication of a stronger housing industry.
To our north in Canada, where a housing boom has cooled off, pellet stove sales
decreased 9% to 5,290 units.
Slightly more than a third of pellet stove owners state it is their primary heat source
while the remainder use their pellet stove or fireplace insert as a supplementary heat
source in conjunction with lowering the main thermostat.
Congress Fails To Renew the Biomass Heater Tax Credit
The Biomass Tax Credit was not renewed by Congress for 2014 nor is it likely to be
reinstated in 2015. However, state sponsored tax incentives and low interest loans
are still available, and in many cases are more generous than the $300 maximum
offered by the federal tax incentive program.
For example, Connecticut and Maine offer low interest loans while Idaho residents can
take advantage of a 60% tax deduction spread out over two years.
You can find out what your state has to offer by downloading this PDF from Hearth,
Patio & Barbacue Assoc. (Note: The links don't work, but you can copy and paste them
into your browser's address bar.
Wood Pellet Prices
The average cost for a ton of premium wood pellets (less than 1% ash) for the
2014/15 heating season remains at $279/ton - the equivalent of $2.46 per gallon
heating oil and only 7% more expensive than heating with natural gas.
Bulk and Bagged Fuel Corn Prices
The price for bulk and bagged corn fuel has moderated quite bit from last season. The
price of bulk corn has decreased 20% to $265 a ton and bagged corn has followed suit
with a similar 20% decline to $300 per ton (50 bags @ 40 lbs). To see how the cost to
heat with corn compares to natural gas, visit our Fuel Comparison Chart.
Pellet Stove - Pellet Stove Insert Prices
The prices for pellet stoves and inserts have barely budged this year with a good
selection of utility type stoves starting around $1,300. More decorative models with
brass or nickel trim, bay windows, and glass air wash systems are still bargain priced
at $2,500 - $3,200.
*Most recent year available.
Wood Pellet Stoves | Corn Stoves