gorpot wrote:I am now on my 6th year of burning coal. I bought an Alaska Channing III. Total cost for the stove and things I have bought for the stove set up, amounts to $2,200. The first 5 years I bought my coal locally @ an average of $240 a ton. I have gone through 18 tons of coal in the first 5 years. So my cost for coal has been $4,320. So total cost for stove and coal for the first 5 years was $6,520. I used to burn about 600 gallons of fuel oil each winter. The average price of fuel oil over the last 5 winters in my area has been at least $3.50 a gallon. So 600 gallons x 5 years =3,000 gallons @ $3.50 a gallon = $10, 500. So cost of coal and initial stove and set up comes to $6,520. My total savings over the first 5 years would be $3,980.
This year I bought 22 tons of coal from PA delivered by a tri axle dump truck. Coal was $185 a ton delivered for a cost of $4, 070. This coal will last me 6 years as I burn about 3 1/2 tons a year. If fuel oil remains about $3.50 a gallon over the next 6 years. I would have gone through 3,600 gallons(6 years x 600 gallons a year). So 3,600 gallons x $3.50 a gallon = $12,600 over the next 6 years. Lets say I have to put $500 in parts into the coal stove over the nest 6 years. Coal cost of $4.070+$500 in possible stove repairs = $4570 over 6 years. My savings over the next 6 years should be around $8,030($12,600-$4,570). Not too bad. That is a savings of $12,010 over 11 years. Have a Happy New Years.
Rob R. wrote:Thanks for sharing your figures.
This month marks 3 years since I fired my EFM up. I have purchased about 28 tons of coal over 3 years, total coal cost is around $7300. Using an average of 1700 gallons of fuel oil per year at $3.50 per gallon....$17,850. $10,550 in savings minus $5,000 for the EFM & install parts. $5550 in savings. Other things that are tough to quantify are gas for the truck to haul the coal, and the thermostat being on 72 instead of 68.