BrotherBart said:
Each to his own but by my calculations with just the numbers you posted plus a ton of pellets a month would put you over $300 a month to heat with that thing. That is figuring a conservative usage of five years and no maintenace on the stove. Toss in chimney cleaning, maintenance and the surity of increasing pellet prices and heating is getting pretty expensive with that puppy.
Of course regional differences must be considered but my calculations of costs are closer to $200/mo.
1500 sq. ft., moderate insulation
Approx 3 tons per year
$3000 stove
Approx $1250 pipe and installation (yes, dealer installed)
Approx $400 maintenance cost per year (includes one dealer cleaning)
10 year life span (Quality stove, probably more than 10 years)
In our area electricity is over $240/mo for same space
Wood stove costs about $140/mo
The difference between all fuels and devices is about $100 per month, in a 1500 sq. ft. space. More or less as space is smaller, larger, better insulated. etc.
We are finding that the main reason for going with pellet, or wood, is not always financial. For some, an extra $50/month makes is critical to stay with wood. But many folks have an extra $50/mo and have other reasons for going with pellet, or wood, or propane, or whatever. Some folks simply want to use less oil and gas and coal and choose wood, pellet, or corn. And fact is, in most cases the cost is not too different from using the oil or gas furnace. If you are willing to do the extra work to make solid fuel work for you it can be a satisfying solution for heat, even if it is not the cheapest solution.
At any rate, $300/mo is higher than most of my local customers can expect to pay. But, as Harry pointed out they could be spending that now in some cases. If they are, we'll have a good solution for them at a lower monthly cost. If they are closer to the $200/mo figure we still have an attractive alternative with many benefits beyond the financial consideration.
Sean
FYI, we have about the same price on the Harman XXV, about $3160.