Pellet stoves are generally more expensive than gas stoves, but both heating appliances have similar overall costs, notes SF Gate. Variations in unit price, installation cost and fuel prices can affect the final cost.
Pellet stoves cost between $1000 and $5000 for the stove itself, with the vent pipe costing approximately $350, as stated by This Old House. Installation for these stoves can run from $250 to $1000, depending on the exact details of the process.
This Old House prices gas stoves from $3500 to $5000. Installation prices may vary, depending on the construction of the home. If a furnace was installed during construction, the price is negligible.
One year's worth of wood pellets cost just under $1000, while gas runs about $600 per year, estimates This Old House. A natural gas stove's average a price per million BTU of heat is $13.52, based on calculations by SF Gate's Home Guides section. For the same number of BTU, pellets average $18 to 20.