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3 On Your Side: Heating Your Home With Firewood

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3 On Your Side: Heating Your Home With Firewood

PHILADELPHIA (CBS 3) ― It happens like clockwork. As temperatures fall, heating bills rise. Your Money Team is always looking at ways to cut costs and as 3 On Your Side's Jim Donovan reports, an old fashioned way of heating your home is making a comeback.

The crackling glow of a fireplace offers so many things.

It's romantic. It's warm. And guess what? It's cheap too!

"We didn't think we'd be saving this much money on our fuel bills, but it's been great," said Chuck Watson of Medford,New Jersey.

Chuck and his wife Cathy were sick of rising heating bills. So they converted their regular fireplace into an efficient heater using something called a fireplace insert.

Without an insert, heat escapes up the chimney.

Inserts enclose the fire behind a glass door. The heat then travels through an air chamber into your home.

"It heats most of the house," said Watson.

It costs between five and six hundred dollars a year for enough wood to heat the entire first floor of their home. That's a lot less than they were paying before.

"We've almost cut our heating bill in half," said Watson.

The lure of lower bills has led to a big jump in sales of wood burning devices.

Janet Letts with Stoveworks in Medford, New Jersey says, until recently, people were more interested in buying gas operated devices.

"I would say, I don't know 75, 70 percent gas burning and then a small percentage was wood burning and that's totally flipped," said Letts.

Demand for wood is up too. And while the cost for wood has risen year to date.

"Wood is always gonna be the least expensive fuel available. Whether you're comparing gas, oil, pellet, you know whatever, wood is always gonna be the least expensive," said Letts.

At Jerrell's Landscapes and Nurseries in Mount Laurel, Brian Jerrell has seen demand for wood grow too. All of his customers have one thing in common.

"They're trying to conserve," said Jerrell

These days he's cutting, loading and delivering a lot more firewood to people like Paul Ginty. Before relying on wood, Paul's house was chilly in the winter.

"With this, the wood burner, you can keep burn it as hot as you like it. You can get up 70, 80 degrees if that's what you like, without it being very costly at all," said Ginty.

After installing a wood burning stove he's been able to put a damper on high heating bills.

"Oh yeah, significant savings," said Ginty.

The cost of installing a wood burning stove or a fireplace insert ranges on average from $2,500 to $3,500.

But many say depending on how high your gas or oil bills are, you can recoup the cost of the device within the first year or two.

www.stoveworksnj.com

www.jerrellslandscapes.com




 

(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)

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