Pellet stoves gain market share

By Staff | May 06, 2013

Pellet stoves had only an 11 percent share of the stove market in 1999. Today, nearly one in three stoves sold are designed to burn pellets.

According to the Hearth, Patio & Barbeque Association, manufacturers shipped 48,277 pellet stoves to sell in the U.S. during 2012. While 2012 sales were slow, pellet stoves sales for the past five years averaged nearly 90,000 per year.

Despite their lower emissions profiles, pellet stoves in the U.S. have rarely been recognized in rebate and incentive programs as distinct from wood stoves. Distinct incentives, however, could expedite growth in the pellet appliance market. A recent rebate program in Maryland resulted in residents choosing pellet stoves twice as often as wood stoves.

“This is an example of a new and effective renewable energy technology getting off the ground without significant government assistance,” said John Ackerly, president of the Alliance for Green Heat. “While this proves pellet technology can succeed in the market on its own, if it was treated like solar and geothermal in the federal tax code, many more consumers would have a very affordable way to reduce fossil fuels.”