How much money can be saved by switching to wood as a fuel?
The amount of money that can be saved by switching from electricity or fossil fuel to wood depends on the cost to install the new system, the annual cost of the fuel you are using now, the annual cost of the wood fuel you would need, and the financing arrangements. You can estimate the amount of money that can be saved annually trying out different values in the online calculator. One way to determine the economic value of installing a new wood boiler is considering the time it takes for the annual fuel savings to pay for the installation – this is called the payback period. Different organizations require different payback periods. Private businesses, for example, may require a payback period of 2 to 5 years. Government organizations typically tolerate much longer payback periods. Installations with payback periods greater than 30 years are usually considered poor projects.
