Hi hareball -
fireplace extraordinaire Elite 44
The year before we got the fireplace I spent close to $4K in oil and decided to swear off the oilman.
Last Year - I bought firewood (7.5 cords) plus some of my own cuttings for a total of $800 spent plus about $700 in total Oil costs (we didn't get the fireplace till Dec, Nov bill alone was almost $550)
so a positive year compared to 2007 (agree oil was out of sight that year but who knew it would recover)
This year - I spent about $1200 on wood (11+ cords) and only one oil bill so far - $160 !! woohoo!!
I figure at an average savings of $2K this thing would pay for itself in two to three years - looks like I'm right on track.
Noticed your tag - I think I have a little mason in me, I built a dry stacked wall, 120' in length, about 4' in height. It was a ton (no pun intended) of work but very relaxing if you enjoy back breaking work.
Take a peek at some pics here:
(broken link removed to http://picasaweb.google.com/rfrazier27/StoneWallSideYard#)
oh yeah that is a fig tree standing in the yard. My grandfather took it home from Italy and I have been tending it for the past 8 years after he passed. It requires me to bury it each year to keep it insulated and dry.