If I were currently heating with propane I would evaluate the advisability of converting to wood pellets by–
A million BTUs of propane, at 91,502 BTUs per gallon, is 10.93 gallons.
Multiply that by propane’s cost per gallon to get the cost of a million BTUs of propane.
A million BTUs of wood pellets, at 7,817 BTUs per lb., is 127.93 lbs.
Multiply that by wood pellets’ cost per lb. to get the cost of a million BTUs of wood pellets.
EDIT: Of course this omits the conversion costs.