Will I Save Money With A Wood Burning Stove? Have you recently been looking at your monthly energy consumption and were wondering how you could reduce the cost on your utility bill? Do you perhaps feel that you need to find other resources to provide heat in your home as the cost of what you are paying is just too high? The electricity rate in the UK is notoriously high. It is so high that the UK is one of the European countries charging the highest rates for electricity. But what are your alternatives as the winter’s cold has an icy grip on the country and you need to create a comfortable space in your home to live? Have you ever thought about investing in the installation of a wood fire stove? Maybe the initial installation costs are what is putting you down and you are not sure whether you will be saving any money in the long run? Over recent years the costs of energy prices increased by about 21%. The result thereof is that the average household in the UK is now coughing up roughly £1,293 per year. That is a lot of money considering that a lot of the money is merely going into heating your home. Every time another cold spell hits the nation, these bills are going through the roof. The result of these price hikes and the exuberant costs of electricity is creating a far greater interest in the installation of a wood fire burning stove says the team at Suffolk Stove Installations. The demand is currently so high, manufacturers are under pressure to supply enough to feed the growing demand. While the initial investment of installing a wood fire burning stove can be pricey, according to the consensus in the industry, the stove is paying for itself in a mere five years after installation. While this suggested time frame will vary from one home to the next due to the variance in every family’s energy demand, the savings you can enjoy on your utility bill can be as much as 30%. While the costs of the stove can vary between what size stove you need for your home, how much energy output you need to achieve the desired heat results, and what model you are keen to install, it remains a good long-term investment. As wood is a sustainable fuel source, it is far cheaper to stock up on your monthly wood supply than what it would be to invest in wood. However, we also need to mention the fact that wood in the city might be slightly more expensive than in more rural areas. The increase in costs is mainly due to the more expensive transport costs as suppliers need to transport the wood much further. Thus, how much would you be saving? You need to have an idea of what the benefits would be when you make such an investment. According to the Energy Savings Trust, the average household can save up to 10% of its annual expense on electricity simply by switching to a room heater. But you can also do better with
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.