Near York PA. Since I use muscles cutting and spitting the wood, I call that a benefit that pays for the time and other costs.
Built in early 70s, just rehabbed. Decently insulated, but three sets of sliding glass doors (we will put new ones in, the current ones are older). I don't know what the home's current energy use is like. We'd like to cut our propane use by 50%, just don't know how possible that it to do. Trying to calculate the return on my $5K investment.
I live just east of you, in Lancaster county. I would look at how you are buying propane, and if you can greatly improve the process, before I spent $5K to plague myself with burning wood. Compared to a typical propane customer in these parts, who has a supplier and a supplier owned tank, there is a way to but propane and save 40-60% off mid-winter rates. First step is to buy, and install, the biggest tank you can afford, and fit on the property. The one you see on typical Amish farms in the region is a 1000 gallon unit and it's about 3-1/2 Ft in diameter and 15 feet long. There are many outfits in the region that can handle this install, and you should have no problem finding competitive bids. Now you own your own tank, and you are beholden to no one when it comes to a supplier. Call around, and ask for cash prices on a thousand gallons. You might be shocked to see your propane bill drop by 40% on that first fill. From then on, the trick is to only refill in the dead of summer, and aggressively shop for cash prices. I built a house for a buddy of mine in the Poconos. He had an Amish guy from lancaster do the tank install. He fills up in the dead of summer, and last year he actually filled up at below wholesale cost, since it was August and one of his bidders was more interested in some cash flow in the business than making a profit. PA. has become a huge energy producer, especially with the fracking on the western side of the state, where it isn't just natural gas, but oil. Propane is probably not going to see the crazy prices it did in the past, due to strong regional supply, and it can be a pretty cheap fuel if you buy it right.
As for the wood stove, screw that. An insert is typically located in a decent finished part of the house, You then spend the winter dealing with dirt, ash and tons of foot traffic from the wood pile, through the house to the fireplace. Any wood burner is a lot of work, and there is no such thing as "free wood" it all takes a chain saw, safety equipment, a wood splitter, a way to move it, and ten other things I forgot. When you add the cost of equipment and time to process "free" wood, and keep a wood stove going all winter, you can do it really cheaply IF you place zero value on your free time. If you value your time, like I said, screw that. If you want to spend $5K to give yourself that king of a headache, screw that twice. JMHO, but I wouldn't burn wood if I had a forest full of it out back door, and the house already had a new $5K insert installed when I bought it. Life it too short to live in the 1800s.