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  2. Dec 7, 2023 · Electric fireplaces are generally less expensive to run compared to gas fireplaces and wood-burning fireplaces. They have lower upfront costs, are more energy-efficient, and often have lower operating costs.

    • Electric Fireplace Cost Breakdown
    • Electric Fireplace Size
    • Additional Costs to Consider
    • Pros of An Electric Fireplace
    • Cons of An Electric Fireplace

    An electric fireplace costs an average of $1,000. Depending on the size and type of fireplace, you could spend as little as $100. High-end, custom models cost a few thousand dollars, with the most expensive models reaching $10,000. Often, though, electric fireplaces are less expensive than the cost of installing a fireplace or woodstove, which can ...

    The size of an electric fireplace influences its heating capabilities (often measured in BTUs, or British Thermal Units) and its price. A smaller electric fireplace may comfortably heat a 200- or 300-square-foot room but have little effect in a 500-square-foot room. To account for the difference in heating ability, smaller models have lower prices....

    The cost of an electric fireplace unit is just the beginning. You'll also want to account for the cost of installing and using it.

    When weighing the pros and cons of different types of fireplaces, you’ll want to determine which fits best into your lifestyle and plans. Electric fireplaces are affordable, easy to install, and require minimal maintenance.

    While electric fireplaces are an attractive and affordable option, they’re not the best option for all homeowners. Here are some reasons why you might want to consider another type of fireplace.

  3. Mar 31, 2023 · However, one of the most common questions that arise when it comes to electric fireplaces is how much they cost to run. In this step-by-step guide, we’ll walk you through calculating the cost of running an electric fireplace so you can budget accordingly and make an informed decision before purchasing.

  4. Jan 15, 2024 · According to the US Bureau of Labor and Statistics, the Dec 2022 National average for electricity is about $0.165 per kWh, while piped natural gas runs about $1.667 per therm.

  5. Jan 2, 2024 · The cost range for a budget-friendly electric fireplace installation is from $70 to $250. On the low end of this budget tier, you can afford a 24-inch space heater that resembles a freestanding electric fireplace.

    • How much does an electric fireplace cost?1
    • How much does an electric fireplace cost?2
    • How much does an electric fireplace cost?3
    • How much does an electric fireplace cost?4
    • How much does an electric fireplace cost?5
  6. Electric fireplace running costs vary primarily because of different prices of electricity (since all electric fireplaces have a 1,500-watt power input). Here are two examples that illustrate: Running an electric fireplace costs $0.26 per hour in California because the average price of electricity in California is about $0.17.

  7. Nov 3, 2022 · The cost of an electric fireplace is around $2,500, typically ranging between $1,000 and $4,000 to install. This is much less costly than installing a wood-burning fireplace and a chimney. Installing a traditional fireplace costs up to $30,000 in some cases.

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