Wood Pellet Stoves Selling Out Fast

Hoosiers facing high energy bills this winter are turning to a hot new alternative heating source - wood-pellet stoves. Some retailers say they can't keep enough of the stoves in stock and have four-month-long waiting lists.

Steve Duncan, the owner of Duncan's Fire Place and Patio Center in Indianapolis, says the stoves started to disappear from store shelves in late September.

The federal government says households that use natural gas will pay about 41-percent more to heat their homes this winter.

Pellet stoves cost as much as $3000. They use small wood pellets sold in 40-pound bags. While the initial cost of buying the stove and pellets won't save money, advocates say the savings come in the long run.

Source: AP, All Rights Reserved.