Which Heating Option is Cheapest to Run in 2024?
With energy prices still high, choosing the right heating for your home could save you hundreds (or cost you thousands). We've crunched the real numbers so you don't have to.
Wood burners are cheapest for daily heating. Gas is most convenient. Electric is easiest to install. Let's break down the real costs below.
Let's be honest: energy bills are terrifying right now. If you're choosing a new heating system or wondering whether to switch, you need real numbers, not marketing fluff.
We've compared wood burners, gas fires, and electric heaters across every cost category - from installation to running costs to maintenance. Here's what you actually need to know.
Important: All costs are based on 2024 UK energy prices and assume heating a typical living room (20m²) for 5 hours per day during winter months (October-March).
| Cost Category | 🔥 Wood Burner | 💨 Gas Fire | ⚡ Electric |
|---|---|---|---|
| Installation Cost | £2,000-£5,000 | £500-£2,500 | £100-£500 |
| Cost Per Hour | £0.50-£0.80 | £1.20-£1.50 | £1.60-£2.00 |
| Annual Running Cost* | £375-£600 | £900-£1,125 | £1,200-£1,500 |
| Annual Maintenance | £100-£160 | £80-£120 | £0-£50 |
| Lifespan | 15-25 years | 10-15 years | 10-15 years |
| 5-Year Total Cost** | £4,375-£8,800 | £5,400-£8,375 | £6,100-£8,250 |
* Based on 5 hours/day usage during 6-month heating season (750 hours/year)
** Includes installation + running + maintenance costs over 5 years
Winner for Running Costs: Wood Burners save £525-£900 per year vs electric, and £300-£525 per year vs gas (if you're using it regularly).
Let's dig into the actual costs you'll pay for each heating option in 2024
Installation + Running Costs Over 5 Years
The Surprise: Even though wood burners have higher installation costs, they pay for themselves within 3-4 years through lower running costs. After that, you're saving £200-700 per year compared to other options!
Best for Environment: A modern DEFRA-approved wood burner using locally-sourced, seasoned wood is the most environmentally friendly option when used properly. Pair with solar panels and you've got sustainable home heating!
The "cheapest" option isn't always the best. Here's our honest recommendation based on different situations:
Best for: Primary heating source, rural homes, long-term cost savings
Best for: Busy households, supplementary heating, convenience seekers
Best for: Occasional use, rental properties, temporary solutions
A: Yes! Many people use a wood burner as primary heating (lounge/kitchen) and gas fire for quick heat in other rooms. This gives you flexibility and comfort throughout your home.
A: A 5kW stove can heat 50-100m² (roughly 500-1,000 sq ft) if your home has good insulation and open plan layout. For larger homes, you may need supplementary heating or a back boiler system.
A: Yes! The UK Boiler Upgrade Scheme offers grants for heat pumps (£7,500). Wood burners don't currently qualify, but check local council grants for energy efficiency improvements that may help offset installation costs.
A: If you currently spend £1,200/year on electric heating and switch to wood burning (£800/year), you'll save £400 per year. Your wood burner installation (£3,000) pays for itself in 7-8 years, then you're saving money every year after.
A: Generally no, but you must comply with Building Regulations. Smoke Control Areas have restrictions. Always use a HETAS certified installer who knows local requirements. We can help assess your property!
A: Wood prices are relatively stable compared to gas/electric which fluctuate wildly with international markets. This makes wood burners a hedge against energy price volatility. You can also source your own wood for even lower costs.
For long-term running costs and overall value, wood burners are the clear winner.
However: The "best" choice depends on your specific situation. Gas fires offer unbeatable convenience, and electric heaters are perfect for occasional use or rental properties.
If you're serious about a wood burner and want to slash your heating bills, now is the time to act. Prices are competitive in spring/summer, and you'll be ready for next winter.
We can help! From chimney inspections to full installations, Sweep Sisters provides expert advice for Essex and Hertfordshire homeowners considering wood burning heating.
HETAS Certified • Fully Insured • Free Consultations
Make an informed decision about your home heating. Whether you choose wood, gas, or electric, we're here to help with professional installation, maintenance, and advice.
