In 1999, pellet stoves only had an 11% share of the stove market. In 2008, they had a nearly 43% and today, for every three stoves sold, two are wood stoves and one is a pellet stove.
Pellet stoves are cleaner to operate in homes than almost all wood stoves. Pellet stoves burn 24/7 and are usually a home’s primary heat source, which is okay since they are a renewable energy. Pellet stoves typically make as much or more energy than residential solar panels and drastically reduce a home’s fossil fuel use.
Pellet stoves and fuel did not take hold until the mid 1990s, when the component parts of the stoves became more standardized and less expensive. However, pellet stove reliability has improved over the years and installation costs are lower than wood stoves, giving them an edge in the marketplace.
Changing demographics is also likely to favor pellets. As the population ages, more and more people will be switching from wood to pellets because pellet stoves are easier to use and maintain than wood stoves. Pellet stoves do not involve as much periphery work as wood burning stoves either, making them easier to use for an aging generation.
Pellet stoves are recognized with wood stoves in Federal rebate and incentive programs, however, pellet stoves have a lower emission profile than wood stoves. There is a federal tax credit that applies to pellet stoves right now and ongoing state incentive programs in Idaho, Maryland, Montana and Oregon.
Rebates for pellet stoves specifically are more popular because pellet stoves are more likely than wood stoves to be used as the primary home heating source and pellet stoves are usually cleaner than wood.
For more information on pellet stoves, contact St. Croix Stoves.