Could a stove save you money on your energy bills?53% of you who own stoves say it saved you money
31 January 2015
Over half of Which? members who own a stove believe that using one has saved them money on their energy bills. But will it pay for you to install a stove in your own home?
We asked 277 stove owners in December 2014 whether they believed that having a stove has saved them money on their energy bills, and 53% said they did.
Two thirds of the stove owners we surveyed have a wood burning stove, while the remaining third have a multi-fuel stove (both in addition to a main central heating system that isn't fuelled by wood or other organic materials).
If you're considering buying a stove, find out all the expenses you might expect to pay, the variables that can bump up the price, and learn a formula to help you work out how much you could really save, by clicking stove costs and savings.
Stove costs and installation
Buying and getting a stove installed can cost anything between around £1,000 and £3,000. The price can depend on a number of factors, including whether you want to connect it up to your boiler, which could cost an extra £1,000 to £2,000.
22% of the stove owners we surveyed said it cost more than they were expecting to buy a stove and have it installed.
However, the cost of a stove can be offset by the savings on your energy bills. But this can depend on a number of factors including the size of stove, the room it's being fitted in, the type of fuel you burn and how well insulated your home is.
Multi fuel vs wood burning stove
Multi-fuel stoves can burn coal and wood, whereas wood burning stoves (also called log burners) can only burn wood. Coal is more expensive to buy and produces more CO2 than wood, so is less environmentally friendly.
The type of stove you buy may depend on the supply of fuel you have close by. If you choose to burn logs, it's best to get a dedicated log burner as opposed to a multi-fuel stove. This is because there are differences in the way the fuel burns and not all multi-fuel stoves are optimised for burning all fuels equally efficiently.
To help you work out which type is best for you, visit our page on multi fuel vs wood burning stoves.