How much does a good electric fireplace cost?

An electric fireplace costs an average of about $700. Depending on the size and type of fireplace, you could spend as little as $200. Electric fireplaces are less expensive than the cost of installing a fireplace or woodstove, which can run from $850 to $3,500.

How much does a fake fireplace cost?

Electric fireplace installation costs can vary widely, with an average range between $1,000 and $2,000 for parts and labor….Electric Fireplace Cost by Type.

What is best electric fireplace?

Best Overall: Duraflame 3D Infrared Electric Fireplace Stove. Best Quality: PuraFlame Western Electric Fireplace Insert. Best TV Stand: Ameriwood Home Carver Electric Fireplace TV Stand. Best Large: Foundry Select Carbaijal Electric Fireplace. Best Compact: R.W.Flame Wall-Mounted Electric Fireplace.

Do electric fireplaces add value?

While an electric fireplace may not increase the value of a property in the same way a gas fireplace can, a budget-conscious consumer can create a beautiful setting with a premium electric fireplace unit. This, in turn, can create a more desirable living space.

How much will an electric fireplace raise my electric bill?

The average electric fireplace uses nearly 1500 watts of power. If you use it just for ambience, then the cost can range anywhere from $0.003 to $0.03 per hour. However, if you use a heating unit as well, the costs will go up to around $0.09 per hour for a medium setting and $0.18 per hour for the maximum setting.

Do electric fireplaces save on heating bills?

A heat pump or AC with an electrical input rating of 1,600W heating the same space as an electric fireplace with a rating of 1,600W should always cost less to run. If you only want to heat one room, switching to an electric fireplace can sometimes be cheaper.

Is a fireplace worth the money?

Having a fireplace won’t hurt your ability to sell your home. Don’t expect a fireplace to raise your home’s value, but don’t go through the expense and hassle of getting rid of it, either. If you’re an investor rehabbing a home to flip, it’s not worth the cost to add a fireplace to an existing construction.

Do fake fireplaces use a lot of electricity?

Do Electric Fireplaces Use a Lot of Electricity? Electric fireplaces use approximately the same amount of electricity as the average space heater.

Which is cheaper gas or electric fireplace?

Electric fireplaces are cheaper in cost and installation compared to their gas-burning counterparts. While most electric fireplaces do not heat a room as fast as a gas fireplace, they are cheaper to run compared to other types of fireplaces.

What is cheaper to run gas or electric fireplace?

If you do not have an existing gas line, then an electric fireplace is possibly a more cost-effective option – due to the cost of installation. However, an electric fire is typically more expensive to run, this is because electricity is a more expensive fuel compared to its gas counterpart.

Is it cheaper to run furnace or gas fireplace?

Operating a furnace for one hour at 75,000 -100,000 Btu cost a homeowner $1.12 – $1.49 based on last month’s national average natural gas rate. By comparison, a natural gas fireplace running at 30,000 Btu per hour cost only 45 cents.

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