Cost Comparison Chart - Outdoor Wood Furnaces
"Wood Heating Cost is Only 7% of Electric Heating Cost"
The amount of heat created or used is measured in BTU's. An average home uses 200,000,000 BTU's of total energy for heating per year. This includes 25% usage for the heating of domestic water. Based on this total consumption, the following amounts of fuel would be required to produce 200,000,000 BTU's.
|Heating Method||BTU's Per Unit||Annual Requirements||Cost Per Unit||Total Annual Cost|
|Electricity||3,413 /kilowatt hr||58,600||$0.08||$4,688|
|Fuel Oil||36,300 /litre||5,509||$0.54||$2,947|
|Natural Gas||35,301 /cubic metre||5,665||$0.21||$1,207|
|Wood (Birch)||23,400,000 /cord||8.5||$75.00||$638|
- The above prices are in Canadian funds.
- Adjust the price per unit to reflect current local costs.
- The above costs are not standard across Canada.
Wood is a Renewable Resource!