5 year cost analysis

5 year cost analysis

PostBy: gorpot On: Wed Jan 01, 2014 1:05 pm

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.
gorpot
 
Stove/Furnace Make: Alaskan
Stove/Furnace Model: Channing III

Re: 5 year cost analysis

PostBy: 2001Sierra On: Wed Jan 01, 2014 2:09 pm

I am also guessing the house is way warmer :?: Priceless :!:
2001Sierra
 
Hot Air Coal Stoker Stove: Keystoker 90 Chimney vent
Coal Size/Type: Rice
Other Heating: Buderus Oil Boiler 3115-34
Stove/Furnace Model: Keystoker 90 Chimney Vent

Re: 5 year cost analysis

PostBy: whistlenut On: Wed Jan 01, 2014 2:11 pm

Your analysis is SPOT ON!!!!!!!!!!!!!!!!!!! Just the facts, clear, concise, accurate, AND logical endpoints.
It goes without saying that you and your family are more comfortable also. Burn a dinosaur habitat, not a tree.........

Happy New Year right back at you, and hopefully you can help introduce others to your proven savings......and personal comfort. :D :D :!:
whistlenut
 
Stoker Coal Boiler: AA130's,260's, AHS130&260's,EFM900,GJ&VanWert
Hand Fed Coal Boiler: Franks Boiler,Itasca415,NYer130,Van Wert
Hot Air Coal Stoker Furnace: Yellow Flame
Hot Air Coal Stoker Stove: Alaska-4,Keystoker-2,
Hand Fed Coal Stove: Alaska,Gibraltor,Keystone,Vc Vigilant 2
Hand Fed Coal Furnace: Van Wert, NYer's, Ford,Jensen.
Coal Size/Type: Rice,Buck,Pea,Nut&Stove
Other Heating: Oil HWBB


Re: 5 year cost analysis

PostBy: Hambden Bob On: Wed Jan 01, 2014 3:22 pm

Alright,all You Guest Lurkers out there in ComputerLand,take note ! We don't make this stuff up. This was yet another report from the Field regarding heating with Coal. Situations,Home or Building Characteristics,Type of Coal Burning Appliance and Coal Quality and Supply all factor in to your Personal Experiences and Stories. This is one of 'em. Enjoy,and don't be ashamed to join us here on the Board ! Thanx,gorpot for your clear and concise post on your results over a longer time period. :clap: :up:
Hambden Bob
 
Hot Air Coal Stoker Stove: Harman 1998 Magnum Stoker
Coal Size/Type: Rice-A-Roni !

Re: 5 year cost analysis

PostBy: Rob R. On: Wed Jan 01, 2014 3:39 pm

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. :)
Rob R.
 
Stoker Coal Boiler: EFM DF520
Hand Fed Coal Stove: Hitzer 50-93
Other Heating: Dad's 1953 EFM Highboy

Re: 5 year cost analysis

PostBy: Lightning On: Wed Jan 01, 2014 7:53 pm

That's interesting :)

Lets see,
Furnace $650 (second hand)
Stove Pipe $400 (1st year I had a stove pie chimney)
Water Coils $250
Misc Stuff $400 (piping, connections, mano, dampers, some duct work)
Grates $120 (broke 2 grates so far)
Coal 25 Tons for 5 years @ 235/ton = $5875
Total $7695

Previously,
Propane, wood pellets, electric
$2500 per year x 5 years = $12500

Saved $4805

Water coils cut about $100 per month on electric..
$600 per year x 5 years = $3000 and I sold the propane furnace for $300...
Total savings using coal for my
first 5 years should be around $8105 8-)
Last edited by Lightning on Wed Jan 01, 2014 9:04 pm, edited 1 time in total.
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
Coal Size/Type: Nut Size / White Ash

Re: 5 year cost analysis

PostBy: freetown fred On: Wed Jan 01, 2014 8:05 pm

Let's see---6 yrs. hand-fired 50-93 3 ton per yr. not to much cost---1 yr. oil hot air furnace--way to much cost--40 yrs wood burning--blocking, splitting, moving, moving & moving again--bad back, shoulders are shot---over-all savings with coal----A BUNCH :)
freetown fred
 
Hand Fed Coal Stove: HITZER 50-93
Coal Size/Type: BLASCHAK Nut/Stove mix

Re: 5 year cost analysis

PostBy: scottshotgun On: Wed Jan 01, 2014 8:53 pm

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.


You forgot to add any cost to operate ,clean and service that oil burner or the first investment of it like you did with the coal stove,,, your saving are way over what you figured,,,
scottshotgun
 
Hot Air Coal Stoker Stove: Alaska channing 3 /Coal-trol
Coal Size/Type: rice
Other Heating: Propane boiler/ baseboard

Re: 5 year cost analysis

PostBy: DennisH On: Thu Jan 02, 2014 7:26 am

I did kind of a stubby pencil cost comparison the other day. Since 15 Oct, when I fired up my furnace, I've gone through 80 bags of coal. @ $6 per bag that's $480. My cost for propane, given the bitter cold we've had since the beginning of December, would have been in the neighborhood of $1200! So yes, I'm saving serious $$$ by burning coal and I love the way it more evenly heats the house than propane! :D :D
DennisH
 
Hand Fed Coal Furnace: Yukon-Eagle Klondike IV
Other Heating: Propane

Re: 5 year cost analysis

PostBy: WNYRob On: Fri Jan 03, 2014 9:42 am

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. :)



Yeah, the "tough to quantify" items throw me also. If I just compare the amount of coal I burn and convert that to the amount of propane I would have burned, the savings look great. But when you factor in the increase in house temp (about 3-4 degrees warmer with coal), lower appliance efficiency and the heat that is lost to the basement off the stove body, the savings don't look quite as substantial.
WNYRob
 
Hot Air Coal Stoker Stove: Keystoker Koker controlled with CoalTrol