WHAT'S THE INVESTMENT JUSTIFICATION?
Conservative average estimates: Purchase savings over a vented furnace system = $10,000.00 & Increased real estate value = $10,000.00 per fireplace. Sum = $20,000 for one fireplace. Multiple fireplace sums = $30,000 for two, $40,000 for three and so on. For more than one furnace, add $10,000 per furnace.
PAYBACK PERIOD is IMMEDIATE whether or not vented furnace immediate replacement is a consideration. Financials for both scenarios follow.
Return estimates for two (2) fireplaces IN PLACE OF/CHOSEN OVER replacement of vented furnace:
500% IMMEDIATE RETURN ON INVESTMENT (ROI) = $30,000.00 (shown above) return on investment of $6,000.00
$31,000.00 YEAR ONE ROI = $30,000.00 previous + $1000.00 utility cost savings (Note: COST OF MONEY/lost return money/interest on money that would have been lost (by taking money that was invested/generating a return, and pulling it out to spend on the more expensive vented furnace), is just one of several additional financial gains not included)
$25,000.00 YEAR ONE GROSS PROFIT = $31,000.00 above minus $6,000.00 investment above
Return estimates for two (2) fireplaces (chosen with NO CONSIDERATION of other in place heating systems):
500% IMMEDIATE RETURN ON INVESTMENT (ROI) = $20,000.00 (above) return on investment of $6,000.00
$21,000.00 YEAR ONE ROI = $20,000.00 previous + $1000.00 utility cost savings $15,000.00 YEAR ONE GROSS PROFIT = $21,000.00 minus $6,000.00 investment (see above)