Pellet stove installation costs $1,600 to $4,100 on average. Pellet stove prices are $900 to $2,600 for the unit alone, excluding attachments like a chimney liner or vent pipes. Running a pellet stove costs $130 to $220 per month for pellet bags and electricity.
Wood stove installation costs $1,200 to $4,500 total the unit and professional labor. Building a new chimney and adding a wood stove costs $2,300 to $7,000 total. A wood-stove insert costs $1,200 to $3,400 installed if you have an existing fireplace. Installation labor alone costs $250 to $800.
- The most common types are freestanding models.
- You can install both pellet and wood stoves into an existing fireplace and chimney. Otherwise, you need a vent pipe through the ceiling or exterior wall to send all exhaust outside.
- Professional installation of stoves is typically essential in order to qualify for tax credits and warranty coverage.