As heating oil prices rise, a Bethel-based company that sells wood pellet boilers is guaranteeing pellet delivery for the next three years at a price equivalent to $1.99 a gallon for heating oil.

One catch: You need to buy one of their pellet boilers.

Maine Energy Systems said today that it will lock in a pellet price of no more than $239 a ton for bulk delivery through June of 2014. The offer is good for the first 1,000 customers in Maine and New Hampshire who install one of the company’s boilers.

The company’s Northeast Affordable Heat program is available to customers within 150 road miles of Bethel and 60 road miles of Ashland. The program will deliver pellets from four Maine manufacturers, Corinth Wood Pellets, Geneva Wood Fuels, Maine Woods Pellets, and Northeast Pellets.

“When most people think of pellet heat, they think of stoves and bags of pellets,” said Harry “Dutch” Dresser, the company’s managing director. “Maine Energy Systems boilers replace oil or gas-fired boilers and tie in with existing forced hot water systems, with significantly lower fuel costs.“

An average system costs roughly $13,000 before installation, Dresser said. If heating oil stayed at its current average price of $3.37 a gallon, the investment would take between three to five years to pay for itself, he added.

The fuel is delivered in bulk and feeds into the boiler automatically. Maine Energy Systems currently has boiler systems installed in homes, schools, municipal buildings, and commercial buildings.

Minimum bulk delivery quantity requirements exist for the program, and the fuel price guarantee is only for use in new installations of Maine Energy Systems equipment. Some other restrictions apply.

For more information, go to the company’s website.
 

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