This is a fairly simple answer. Go to your oil burner and read the rated input BTU/hr. Take that number times .80 would equal the output BTU/hr. .80 is 80% efficient. Some of the newer oil burner designs can reach 90% and some older designs 75%.
Your wood stove has to output the same number BTU/hr as the oil furnace or it will not keep up with your heating demand for your area and size house.
Always use BTU/hr when comparring fuel types or heating/cooling units as this is the only 100% accurate method.
Now that's said, Your once again limiting your fuel suorce to one time of fuel with a pellet only stove. Get one that can burn any type of fuel as then you can use the cheapest fuel source for that year.
You used about 140 million BTU for your past heating season, 140,000BTU x 1000gal= 140m/BTU. This will also be your heating requirement for your new fuel type. Using this BTU number will tell you how much the new fuel will cost when comparred to your past oil usage.
You do realize that a oil burner can burn used motor, vegetable(fryer), waste oil? You may need to preheat and filter and mix the oil before use. The sun or waste stack heat can be used to preheat the oil very easy.
A insulation contractor will probably have a inferred temperature gun that can shoot your house to tell where your loosing heat. It just might save you some money no matter what type of heat your using. You can get a ball park figure using a $100 temperature gun.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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