With winter approaching, a key question many are asking is: which is a cheaper way to heat your home – a wood burning stove or central heating?
Soaring home heating bills are expected in the coming months, with NBC News reporting a projected 28% price increase for natural gas heating, 27% for heating oil, 10% for electricity, and 5% for propane. It’s never been more important in these high inflationary times to keep the cost of energy as low as possible.
It had been estimated that about 11.5m households used wood as their main or secondary source of heat, according to figures from the US Energy Information Administration in 2009. That figure is understood to have risen in the interim period, and with energy prices on the rise, more people are looking at smarter ways to save money on their heating bills.
Subscribe to Kiplinger’s Personal Finance
Be a smarter, better informed investor.
Save up to 74%
Before we get into the merits of a wood burning stove vs central heating, consider our other articles about home energy savings, including fan heaters vs oil heaters, dishwasher vs hand washing and our audit on how to save on energy bills.
Sales of wood burning stoves are rising across the world
Russia’s war with Ukraine has led to a sharp rise in the underlying cost of energy in many countries, which is sadly being passed onto consumers. Households are researching alternatives to central heating and other traditional sources of energy, with technology such as solar panels becoming more popular, supported in the…