Average pellet consumption per day is anywhere from 1.5 to just over 3 lbs of pellets per hour. If you were to put all these costs together, how much does it cost to run a pellet stove? … Pellet stoves are not inexpensive; a typical unit will cost between $1,700 and $3,000, and installation costs will increase the overall price to somewhere between $3,500 … Again, this depends on the current weather and how much you intend to use the stove. Much like a fireplace, stoves are best used for heating a single room. Pellets are sold in 40 lb bags with the average bag costing about $6. A pellet stove is generally used on top of a home’s heating system. You’ll probably reach a range of $3,500 to about $8,500 when you buy your pellet stove and run it during the first season. While a pellet stove costs between $1,040 and $3,090, it only costs $35 to $45 per month to run your stove. If you were using 2 per hour and kept your stove on for 24 hours a day that would be 48 lbs.
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