Demand for high-quality wood pellets in the United States depends mainly on domestic wood pellet ovens. This is in contrast to some European countries, such as Austria, where the high-quality pellet industry is mainly affected by the particulate boilers (central heating systems) in homes and businesses.
The US pellet furnace market is based on a 40-pound bag of pellets. The growing US particulate boiler market is based on bulk pellet delivery. Advanced automatic pelletized central heating systems do not require regular attention, such as pellet furnaces, because pellet fuels are automatically delivered. To the system.
New England, in the north of the United States, is highly dependent on heating oil, which has led to the growth of particulate boiler installations in the state. Recent Massachusetts policy will significantly increase the installation of pellet furnaces.
Massachusetts is now one of the few states in the United States that support renewable energy's thermal RECs. Like a standard renewable energy certificate (REC), thermal RECs allow renewable energy. Producers produce heat for each MWh (rather than electricity) to get a REC. Then they can sell RECs for homes and businesses using a pellet boiler to provide a new source of income.
Massachusetts also has an advanced particle boiler rebate program that provides up to $16,500 in tax refunds for qualified systems.
The REC and Massachusetts tax rebate programs make advanced wood pellet boilers a very attractive alternative to home heating and propane heating systems.
To illustrate this point, FutureMetrics has produced a new dashboard. The dashboard shows the return on the owners of the investment in the new pellet boiler system, and shows the owner's savings during the 30-year lifetime of the system. There are several dashboards. Adjustable input can help users see the results of different hypotheses.
