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Affordable Pellet Stoves Pellet stoves are a fantastic option for heating your home, especially in areas with harsh winter weather. They require minimal maintenance and are simple to operate. They also help you save money on heating costs in comparison to wood stoves. They can be used as freestanding appliances, or in existing fireplaces and chimineas. They burn wood pellets compressed which are stored in the bucket. 1. Ashley Hearth Products EPA-Certified 48,000-BTU Pellet Stove