Best Pellet Stove for the Money in 2023

Pellet stoves are highly efficient and clean-burning heat sources that can reduce your monthly energy bills and make your home more comfortable in the process. They offer an effective and energy-efficient way to heat your home during the colder months, but their large size and cost can put them out of reach of many consumers.

However, there are many pellet stoves available on the market these days, so it’s essential to do your research to find one that best fits your needs, lifestyle, budget, and space requirements.

In this article, we’ll take an in-depth look at the five best pellet stoves on the market today to help you find the perfect model for your home.

ProductHeat OutputBrandSpace Covered

Wiseway Non-Electric Pellet Stove 

40,000 BTUsUS Stove Company2,000 sq. Ft

Pelpro Pellet Stove

40,600 BTUsPelpro2,500 sq. Ft

MagikFlame Electric Fireplace

5,200 BTUsMagikFlame1,000 sq. Ft

Cleveland Iron Works Pellet Stove 

40,600 BTUsCleveland Iron Works2,500 sq. Ft

Castle Pellet Stoves Serenity 

31,960 BTUsCastle Serenity Stove1,500 sq. Ft

Best Pellet Stove Models To Buy in 2022

Wiseway Non-Electric Pellet Stove
  • Heating Capacity: “2000 square feet”
  • BTU output(Max): “40000”
  • Hopper Capacity: “60lbs”
pelpro Pellet Stove
  • Heating Capacity: “2500 square feet”
  • BTU output(Max): “40,600”
  • Hopper Capacity: “130 POUND”
MagikFlame Electric Fireplace
  • Heating Capacity: “1000 square feet”
  • BTU output(Max): “5200”
  • Hopper Capacity: “N/A”
Cleveland Iron Works PSBF66W-CIW Bayfront
  • Heating Capacity: “1800 square feet”
  • BTU output(Max): “5200”
  • Hopper Capacity: “66 lb”
Castle Pellet Stoves Serenity 12327
  • Heating Capacity: “1500 square feet”
  • BTU output(Max): “22,226”
  • Hopper Capacity: “40 lb”

1. Wiseway Non-Electric Pellet Stove 


The US GW1949 Wiseway has several features and options that make it an excellent choice for any home. Whether you live alone or are preparing to have a large family, you’ll find everything you need with a stove like this one.

Purchasing this rated stove will be money well spent, no matter your needs. You can expect nothing less than a decade of service with proper maintenance and usage! You can save hard-earned cash while still enjoying high-quality performance after investing in a pellet stove.

The US Wiseway Pellet stove eliminates electricity since it comes with a natural gravity feed system; this means fewer breakdowns and less maintenance. Plus, it is easy to operate; you only need to heat the burn chamber and flue, and start the pellet flow with a propane Torch.

The device is designed to use a natural draft that ramps the stove’s temperature. The best part is that you can easily adjust the heat settings by either opening or closing the fresh air intake in front of the stove.

The US STOVE Company GW1949 is a high-performance wood pellet stove with three times more heat than a traditional fireplace and five times more heat than an electric space heater.

It does not emit carbon monoxide or smoke into your home, so it’s good for people with breathing problems. It also has built-in air purifiers to help cleanse your home of airborne particulates and toxins.

Final Verdict 

We recommend this product to save money on your fuel bills and keep your family warm. Most reviewers say they love how simple it is to use; all you have to do is load up firewood and turn on a switch!

2. Pelpro Pellet Stove


The PP130-B by Pelpro is a long-lasting and efficient pellet stove great for heating up to 2,500 square feet. These features are equipped with electronic ignition and push-button controls, making them easy to use. It can even be turned on remotely via Wi-Fi! 

It also comes with an integrated handle allowing convenient transportation from room to room. In addition, this pellet stove features three adjustable settings: high, medium, and low—making it suitable for almost any environment or weather condition.

The built-in thermometer helps regulate air temperature so you can rest assured your home will always be at your desired temperature. Furthermore, this appliance uses pellets as fuel—and you never have to worry about running out of fuel since they automatically feed into their hopper when they run low. 

Finally, it includes a large ash pan to help minimize mess while still allowing you to clean all ashes easily. So again, this is rated as one of the budget-friendly options on our list.

Users note that these stoves require some time to get used to, but they soon fall in love with their ability to heat their homes without needing electricity or natural gas.

Final Verdict 

The pelpro PP130-B is one of our list’s best and most budget-friendly pellet stoves. It has different safety features that make it appealing. The fact that it has an electric start, a viewing window for checking temperature and pellet level, plus its large hopper capacity makes it a surefire winner. 

It’s got reviews from people all over America and Canada, with an average rating of 4.5 out of 5 stars! With its capabilities and design, there’s no doubt that it takes the crown when pitted against similarly priced products. 

While not as efficient as larger options, it still puts out hot air (or cool air) at 1.2 million BTUs per hour, so you don’t have to worry about wasting energy on heating (or cooling). 

3. MagikFlame Electric Fireplace


Do you love watching flames? How about staring at them while they melt away. The Magikflame electric fireplace is designed to patented HoloLfame video technology to create an actual perception of realistic flames. 

This is no match for most traditional mechanical, electric fireplaces. However, the MagikFlame is viable for family atmosphere remodels and homes. While not as efficient as larger options, it still puts out hot air (or cool air) at 5,200 BTU and warns up over 1000 sq/ft per hour, so you don’t have to worry about wasting any energy on heating (or cooling). 

The best part? The device can be operated from any part of the room; it comes with an iPhone app that makes it easy to operate while you’re in your bedroom or living room. You can use the app to power functions, increase volume, and select a sleep timer and flame. 

That said, we’re big fans of its excellent customer service department and ability to help with any problems that may arise during setup or use. 

If there’s anything we dislike about this model (other than price), it’s that it can feel overwhelming if you’re not entirely familiar with pellet stoves. 

Final Verdict 

We rated the MagikFlame Electric Fireplace as one of the best pellet stoves for small to medium-sized homes. This is one of those stoves that will work wonders for your heating bills, especially if you live in a large house with more than 2,500 square feet. It burns efficiently and quietly, and it has a long lifespan. 

4. Cleveland Iron Works Pellet Stove 


This pellet stove combines high-quality construction and durable materials with a sleek design to create a product that’s sure to impress. The over-the-top glass viewing area gives you a great view of your fire without sacrificing any heat, and its electronic ignition makes starting your fire as easy as flipping a switch. 

With the high BTU rating, you can be sure that it’ll keep your home warm no matter what comes its way. It also has a large-capacity hopper, so you won’t have to worry about reloading constantly. It comes preassembled and includes everything you need for installation except for an outlet box; all assembly is simple DIY work. 

Overall, we think it’s a pretty stellar choice. However, If you want something with similar features but less flair, consider looking at the MagikFlame Electric Fireplace: While not quite as aesthetically pleasing as some stoves on our list, it offers many of its best features at a lower price point. If you’re more concerned about efficiency than having a super modern look in your living room (or wherever you place your stove), then we recommend giving it a shot.

Final Verdict

If you are looking for a high-end pellet stove with outstanding value and plenty of features, then you will love what Cleveland Iron Works PSBF66W-CIW Bayfront is offering. 

This top-rated pellet stove comes with a very solid set of features, such as its fully automated control system that provides precision temperature regulation. In addition, its convenient wireless remote control adds to its overall appeal and allows for easy adjustments from anywhere in your home.

5. Castle Pellet Stoves Serenity 


The Serenity 12327 Indoor Heating Temperature Free Standing with Flame Window model is designed for those seeking an efficient, space-saving heating solution. Its extremely efficient combustion makes it a great choice for smaller homes or limited fireplaces that need supplemental heat. 

The stove itself is small and can be placed virtually anywhere without cluttering up your living space. It comes fully assembled and ready to operate, so you can start using it immediately. In addition, with air wash technology that provides improved performance, you won’t have to worry about smoke or lingering odors from previous fires compromising your indoor air quality. 

And thanks to its ability to burn bioethanol fuel, you don’t have to use fossil fuels like natural gas or propane, helping reduce your carbon footprint. Finally, at 2′ tall x 1′ wide x 10 deep, it’s easy to install under a fireplace mantelpiece—even if you’re not handy!

Final Verdict 

This is a well-made and highly efficient pellet stove. With decent capacity and terrific heat output, it’s among our top picks for home heating systems. Users have reported heating their homes with one fire per day. It does need some space, but that shouldn’t be an issue for most people. All-in-all, we believe it’s a solid investment.

Factors to Consider When Buying the Right Pellet Stove

While it is true that wood pellet stoves have risen greatly in popularity over recent years, there are still a lot of people who don’t understand how these appliances work. 

Today, we’re going to walk you through everything you need to know about purchasing your very own pellet stove for home use. Before we get started, though, let’s look at exactly what pellet stoves are: As their name suggests, pellet stoves burn pellets made from compressed sawdust as opposed to firewood. 

The benefit of using pellets rather than actual firewood is that they are incredibly efficient and only release 15 percent of their ash content into your home (compared with 60 percent in traditional fires). This means fewer trips outside in bad weather conditions and less mess inside your living space. Here are some factors to consider when buying a pellet stove:

Beware of Cheaper Stoves

When purchasing a pellet stove, the most important thing is finding one that fits your lifestyle. Whether you live in an apartment or a single-family home, there’s sure to be a pellet stove on our list that will work for you. However, we urge you to avoid buying a cheap pellet stove from an unestablished company. 

Cheap stoves are often made of inferior materials and have poor heat output and efficiency, meaning they might not heat your home as well as more expensive models. Not only that, but if something goes wrong with your stove, it could potentially cause serious damage to your property and even start a fire. 

So don’t skimp on price—invest in quality! If you buy an established brand’s cheap model, chances are things will go right!

Check for The Range of Heat Output

This is one of two factors to consider when choosing a pellet stove. With output rated from 7,000 BTUs to 34,000 BTUs or more, deciding on a stove’s heat range depends on several factors. Do you live alone? Do you have pets? And how cold is it where you live? 

These things factor into what kind of heat range is appropriate for your needs. A single person who lives in a warm place doesn’t need as much power as someone living in the northern state. Knowing what you want out of your pellet stove can help you find one that delivers that level of heating performance. 

A pellet stove should be small enough and large enough for its intended use—both according to physical size and, perhaps more importantly, fuel capacity. For example, if you only fire up your stove occasionally during the winter months, a smaller unit might be perfect.

Understand Maintenance Requirements

The most important thing to know about pellet stoves is that you’ll need to clean them every week or so. This is because particles from burning wood can collect and cause problems like chimney fires, and cleaning your stove will keep it running safely and efficiently. 

Cleaning up after yourself might take 10 minutes or so each time, but it could save you some real trouble down the road. 

Look for Cleaner Pellet Stoves

Though wood pellets are more environmentally friendly than wood logs; however, not all pellet stoves burn cleanly. Look for models with higher Energy Star ratings and lower emissions than others on the market to ensure you’re getting a clean-burning stove with fewer toxic compounds. 

If you’re leaning toward a convection model, remember it needs to be located at least 2 feet from any external wall. It should also be positioned, protected from wind and rain—and never placed next to doors or windows where drafts could cause it to shut off during operation. 

And if you go electric, make sure your cabin has enough outlets nearby for your stove fan and other accessories to keep everything clean.

Factors Affecting Pellet Stove Sizing

Before purchasing a pellet stove, you must ensure you get a good size for your home. If you get too small of a unit, it won’t heat your home properly. 

However, if you get too large of a unit, it will be more expensive to operate, and it could end up being too big for your space. Here are four main factors that affect pellet stove sizing:

  • The BTU rating (the higher-rated units generally cost more to operate).
  • Your home’s insulation levels.
  • Climate zone where you live (how cold it gets).
  • Size of your home (how many square feet) A basic rule of thumb is that every 100 square feet require about 10kW of heating power.

This means that, on average, an area between 1,000 and 1,500 square feet would need around 20 to 30 kW. This information can help determine what size pellet stove works best for your needs. Also, consider that outdoor air temperature plays a major role in the heat one unit produces; colder air holds less moisture but takes longer to warm up than warm air.

Ceiling Height

When choosing a pellet stove, the first thing to think about is how tall your ceiling is. Most stoves have clearances of 18 or less above them, so if your room has a high ceiling and no vaulted ceiling, it won’t matter too much. 

However, more traditional homes may want to choose a different option; just be aware that most stoves come with manual controls for their fans—you’ll need to adjust those manually based on height.

It also doesn’t hurt to read reviews or ask other users what they like and dislike about their specific model; overall height may not be an issue for most people, but maybe airflow is something you should consider as well?

Basement Spaces

If you’re planning to use your pellet stove to heat an entire home, it makes sense to install it in a basement or utility room. The temperature of these spaces is more consistent year-round than in other areas of your home, and they are also easier to insulate. 

Plus, installing a wood pellet stove anywhere else will involve making major renovations, including adding large ductwork. While pellet stoves can be installed in most spaces, basement installation makes heating any part of your home simple.


How Much Does It Cost to Run a Pellet Stove?

Generally, all-electric models are less expensive than pellet stoves with other heating systems. The price of pellets also varies depending on location and time of year. But as a ballpark figure, expect to pay $200 or more per ton for hardwood pellets—that’s based on $1.5 per pound ($13 per kilogram)

They should last you up to six months if used as your sole fuel source. If you burn them in conjunction with natural gas or propane, they might last longer; but you should still plan on spending at least a few hundred dollars each season. 

What is the initial cost to run a Pellet Stove?

This is a big one. Depending on where you live, you’ll probably want to consider a pellet stove to heat your home, but there’s no point buying a pellet stove if it costs so much to run that you can’t pay for it. 

In general, pellet stoves are cheap to run; they use regular wood pellets, which cost about $50 per cord at most US stores. By comparison, natural gas runs around $1–2 per therm (100 cubic feet), propane about $1–2 per gallon, and electricity about 12 cents per kilowatt-hour (kWh)

Of course, keep in mind these numbers fluctuate depending on location and circumstance. Still, as we mentioned earlier, pellet stoves generally boast efficiency levels of 80% or more—meaning you’re using less fuel than other heating methods while still getting ample heat output.

How much would be fuel cost to run a Pellet Stove?

A pellet stove runs on an electric motor that’s powered by your local electricity grid. This means pellets can be used to heat your home even if there’s a power outage or if you’re off-grid (which is nice!). However, it also means running a pellet stove will come with some extra costs associated with it. 

The electricity required to run most models of pellet stoves usually amounts to about 15 cents per hour. In other words, for every hour you use your pellet stove for heating purposes, expect to pay roughly $0.15 in additional energy fees. 

Most pellet stoves have automatic shutoff features that turn them off when they get too hot; however, they will continue to draw electricity while they cool down—so once again, make sure your money is sorted out before using a pellet stove during colder months! 

What would be the cost per BTU used to run a Pellet Stove?

The most important aspect to consider when buying a pellet stove is how much heat you’ll get from each dollar you spend. The higher your cost per BTU, or British Thermal Unit, used to run your stove, the more you’ll have to pay on fuel.

The fewer BTUs it takes to get you warm, the less fuel it’ll use. But either way, you should try to find one in around $10-$12/BTU for optimum value. Anything higher will be prohibitively expensive in some areas, while lower will offer low quality. 

Our Editors Pick of the Best Pellet Stoves

The Castle Pellet Stoves Serenity is our top pick for a pellet stove. It’s available at a pretty decent price and has outstanding reviews. Not only that, but it’s easy to use and reliable. It’s an excellent pellet stove for anyone who uses wood pellets for heating.  

MagikFlame Electric Fireplace: This is one of our favorite portable units because it offers very high quality for an affordable price. Weighing around 33 pounds, it can easily be moved from room to room so that you can heat spaces where you need them most quickly.

Castle Pellet Stoves Serenity: If you want to step up your game and are willing to pay more for an upgrade, then take a look at this power device. We believe that every serious home should invest in one of these furnaces.


When it comes to pellet stoves, there are a lot of options. To help you choose one that’s right for you, the picks above are our best selections for Pellet stoves on today’s market. We hope they help you figure out which ones might be a good fit for your needs. Happy shopping!

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