2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Wood Stoves 126,527 80,851 77,617 79,169 80,752 82,367 84,015 85,695 87,409 89,157

Single Burn Rate Stoves 40,000 25,560 24,538 25,028 25,529 26,039 26,560 27,091 27,633 28,186

Pellet Stoves 130,381 83,313 79,981 81,581 83,212 84,876 86,574 88,305 90,072 91,873

Furnace: indoor, 

cordwood 41,000 26,199 25,151 25,654 26,167 26,690 27,224 27,769 28,324 28,891

Hydronic Heating 

Systems 13,385 8,553 8,211 8,375 8,543 8,713 8,888 9,065 9,247 9,432

R&D Cost ($)* 

** # Models

Model 

Design 

Lifetime

Certificati

on 

Testing*

Add'l 

manufact 

cost*

Certified Wood 

Stoves 356,250 125 20

Single Burn Rate 

Stoves 356,250 20 20 10000 100

Pellet Stoves 356,250 125 20 10000

Forced Air Furnaces 356,250 50 20 20000 1600

Hydronic Heating 

Systems 356,250 120 20 20000 3000

Estimated Annual Shipped Units

*Cost estimates are in 2010$.

** Total R&D cost estimate of $356,250 corresponds to an average annual R&D cost 

amortized over 6 years at a 7% interest rate of $63,850
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

90,940 92,759 94,614 96,507 98,437 100,406 102,414 104,462 106,551 108,682 110,856 113,073 115,334

28,750 29,325 29,911 30,509 31,120 31,742 32,377 33,024 33,685 34,359 35,046 35,747 36,462

93,710 95,585 97,496 99,446 101,435 103,464 105,533 107,644 109,797 111,993 114,232 116,517 118,847

29,468 30,058 30,659 31,272 31,898 32,536 33,186 33,850 34,527 35,218 35,922 36,640 37,373

9,620 9,813 10,009 10,209 10,413 10,622 10,834 11,051 11,272 11,497 11,727 11,962 12,201
2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041

117,641 119,994 122,394 124,842 127,338 129,885 132,483 135,133 137,835 140,592 143,404

37,191 37,935 38,693 39,467 40,257 41,062 41,883 42,721 43,575 44,446 45,335

121,224 123,649 126,122 128,644 131,217 133,842 136,518 139,249 142,034 144,874 147,772

38,121 38,883 39,661 40,454 41,263 42,088 42,930 43,789 44,664 45,558 46,469

12,445 12,694 12,948 13,207 13,471 13,740 14,015 14,295 14,581 14,873 15,170
2008* 2009 2010 2011 2012 2013 2014 2015 2016 2017

Certified Wood 

Stoves $859 $859 $859 $859 $859 $859 $859 $859 $859 $859

Single Burn Rate 

Stoves $253 $253 $253 $253 $253 $253 $366 $366 $366 $366

Pellet Stoves $1,295 $1,295 $1,295 $1,295 $1,295 $1,295 $1,296 $1,296 $1,296 $1,296

Forced Air Furnaces $912 $912 $912 $912 $912 $912 $2,545 $2,545 $2,545 $2,545

Hydronic Heating 

Systems $7,528 $7,528 $7,528 $7,528 $7,528 $7,528 $10,768 $10,768 $10,768 $10,768

2008* 2009 2010 2011 2012 2013 2014 2015 2016 2017

Certified Wood 

Stoves $859 $859 $859 $859 $859 $859 $859 $859 $859 $884

Single Burn Rate 

Stoves $253 $253 $253 $253 $253 $253 $366 $366 $366 $479

Pellet Stoves $1,295 $1,295 $1,295 $1,295 $1,295 $1,295 $1,296 $1,296 $1,296 $1,320

Forced Air Furnaces $912 $912 $912 $912 $912 $912 $2,545 $2,545 $2,545 $4,176

Hydronic Heating 

Systems $7,528 $7,528 $7,528 $7,528 $7,528 $7,528 $10,768 $10,768 $10,768 $13,995

Alternative Step 3 (2022)

Table 4a. Unit Costs of Certified Stoves under Proposal (2010$)*

Table 4b. Unit Costs of Certified Stoves under Alternative (2010$)*

Alternative Step 1 (2014)

Alternative Step 2 (2017)

Proposal Step 1 (2014)

Proposal Step 2 (2019)

*Note: The average 2008 base year cost per appliance was converted to 2010$ for this analysis. 2008 base year manufacturer price is provided in the 

Heating Products Market prepared by Frost & Sullivan. April 26, 2010, p. 35. for all appliances except single burn rate stoves and forced air furnaces, for which averag
*Note: The average 2008 base year cost per appliance was converted to 2010$ for this analysis. 2008 base year manufacturer price is provided in the 

Heating Products Market prepared by Frost & Sullivan. April 26, 2010, p. 35. for all appliances except single burn rate stoves and forced air furnaces, for which averag
2018 2019 2020 2021 2022 2023 ... 2038 Installation

$859 $883 $883 $883 $883 $883 $883 $883 500

$366 $479 $479 $479 $479 $479 $479 $479 500

$1,296 $1,319 $1,319 $1,319 $1,319 $1,319 $1,319 $1,319 300

$2,545 $4,174 $4,174 $4,174 $4,174 $4,174 $4,174 $4,174 2500

$10,768 $13,986 $13,986 $13,986 $13,986 $13,986 $13,986 $13,986 2000

2018 2019 2020 2021 2022 2023 ... 2041 Installation

$884 $884 $884 $884 $907 $907 $907 $907 500

$479 $479 $479 $479 $590 $590 $590 $590 500

$1,320 $1,320 $1,320 $1,320 $1,342 $1,342 $1,342 $1,342 300

$4,176 $4,176 $4,176 $4,176 $5,803 $5,803 $5,803 $5,803 2500

$13,995 $13,995 $13,995 $13,995 $17,200 $17,200 $17,200 $17,200 2000

 is provided in the Market Research and Report on North American Residential Wood Heaters, Fireplaces, and Hearth 

rced air furnaces, for which average cost figures were obtained from industry estimates.
 is provided in the Market Research and Report on North American Residential Wood Heaters, Fireplaces, and Hearth 

rced air furnaces, for which average cost figures were obtained from industry estimates.