VMG Satherm Wood Pellet Boiler Cost Estimates
Wood pellet boilers are more expensive than oil boilers, but focusing on the purchase price is not the smart play. If you are thinking about a new boiler or furnace, these are the factors you should consider:
25-Year Cost To Own
Expect your boiler to be in service for the next 25 years. 25 years ago oil was 0.22€ per Liter. At that rate you can expect to pay 4.38€ a liter in 2040… except that the rate of increase has been accelerating over time, so that number is probably low! The conservative estimate is a savings of over 100,000€ over the life of the system. “Balderdash” you say? Well, if you’re paying off a mortgage, saving for college, or just want another Ferrari in the garage you’ll probably want to watch this very brief video.
Rebates and Incentives
One of the reasons diesel boilers are less expensive is that there are so many of them. (Another reason is the ridiculous way the EU subsidizes the oil industry—but don’t get me started.) In order to level the playing-field the European Council and many Countries have developed rebates and incentive programs to offset the higher cost of wood pellet boilers. You can research the incentives offered by your Country on the Incentives for Renewables and Efficiency. Or just Contract us and you can ask your local Certified VMG Satherm Installer.
If you’re like most people, you finance your house and your car. Given the initial outlay for modern heating appliances it’s a good thing we have lots of financing options. For example, a typical, 10-year green energy loan for a home that burns about 3’000 Liter of Diesel annually would save the homeowner over 1’000€ a year in total heating costs while paying off the new wood pellet heating equipment at the same time. After the 10 year pay-back period your savings will be even more—about 40% less than the cost of diesel —and who knows how much diesel will go up in 10 years!
You may find the savings even greater if you can roll this purchase into your existing mortgage. Please consider supporting your local banks and credit unions, where there’s a good chance you’ll find the best deal.