Yes, it doesn’t account for a lot of things but is helpful in that general way. I did inputs for wood and electric costs, 275 / cord, up $55 from my last purchase, and .32 cents which includes kwh rate and a separate delivery charge. Electric costs are high in our area and have been going up and up. I was surprised to see according their calculations and my wood and electric cost numbers if a (our?) mini split was our only heat source we would be paying more than twice what we would with the wood stove. By using the heat pump more at warmer temps when it is more efficient, that wood to heat pump cost ratio wouldn’t hold. I have been using the heat pump a lot more this year with the mild temps.Thanks. It's a rough guess. There are no inputs for house size or unit efficiency. Still, it shows we are at the bottom tiers of heating costs. And it isn't far off for the worst case scenario here which would be the propane furnace I took out before installing the heat pump.
EM uses 350/ cord and calculates a seasons cost at $1717. Looks like they are basing their list and graph figures on a houses that would require 5 cord or the equivalent btu’s for the season.