SOURCE: Indeck Energy

wood pellets, wood pellet, wood pellet fuel, pellet fuel, Indeck Energy, wood biomass

December 10, 2010 10:12 ET

Indeck Energy: Wood Pellets Are an Affordable Home Heating Option

LADYSMITH, WI--(Marketwire - December 10, 2010) - Heating with wood pellets is not as expensive -- or as difficult -- as many potential consumers might believe. In fact, wood pellets can compete with fuel oil, electricity and propane in both heat output and cost.

Indeck Energy Premium Wood Pellets, manufactured by Indeck Ladysmith, LLC in Ladysmith, Wis., have a high heating value, create very little ash and have a low moisture content.

"We know that our customers are often using our product to supplement or even replace other home heating options," said Jeff Schultz, plant manager, Indeck Ladysmith BioFuel Center. "From the feedstock that we use to manufacture our pellets to the durable bags that we package them in, our pellets are engineered with the customer in mind."

Below is a cost comparison of different home heating options(1). In order to compare different heating fuels, a common unit of measure needs to be applied. In this case, we will use Cost per Million BTUs, (British Thermal Units). 

Indeck Energy Premium Wood Pellets

  • $210/ton
  • Appliance Efficiency = 80%
  • Cost per Million BTU = $16.00

Fuel Oil

  • $2.90/gallon
  • Appliance Efficiency = 78%
  • Cost per Million BTU = $26.94

Electricity

  • $0.12/kWh
  • Appliance Efficiency = 100%
  • Cost per Million BTU = $35.16

Propane

  • $2.26/gallon
  • Appliance Efficiency = 78%
  • Cost per Million BTU = $31.72

For the remainder of 2010, the cost of conversion or retro-fitting to accommodate heating with wood pellets can be offset by tax credits offered by the federal government. Under the 2009 Economic Stimulus legislation, U.S. homeowners are eligible for a 30 percent tax credit, up to $1,500, for the costs incurred in the purchase of a wood pellet stove. This tax credit is only good through Dec. 31, 2010.

"Heating with wood pellets is not only cost effective, but good for the environment," said Schultz. "Wood pellets are a carbon neutral, renewable, heating fuel."

For more information about heating with Indeck Energy Premium Wood Pellets, or to locate your nearest retailer, visit www.IndeckPellets.com.

(1) Data from the Pellet Fuels Institute "Fuel Cost Calculator," http://pelletheat.org/pellets/compare-fuel-costs/.

The Indeck Ladysmith BioFuel Center is owned by Indeck Ladysmith, LLC, a subsidiary of Indeck Energy Services, Inc. Indeck Energy Services is a privately held developer, owner and operator of renewable and conventional energy projects. As one of the few remaining privately held independent energy producers, it has grown into a full-service energy company that offers biofuel production and electrical generation facilities. The company was established in 1985 and is headquartered in Buffalo Grove, IL.

Contact Information

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    t: 330.655.5029
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