Do fireplace inserts save money?

Although purchasing and installing a fireplace insert can cost up to $4,000, you will make up for the cost quickly in utility bill savings. With the addition of a fireplace insert, you can reduce your heating costs by as much as 40 percent.

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.

Will an electric fireplace increase my electric bill?

By using your home’s heating system as your primary heat source, and by keeping it at a low setting, you are saving money on electricity. An electric fireplace works great as a supplemental heating source. Keep in mind that the more square feet you warm, the more your bill will increase.

Are electric fireplace inserts worth it?

Electric fireplaces can also heat a room faster and more efficiently than wood-burning fireplaces, and they’re safe to use. These cost-effective heaters are also one of the most efficient ways to heat a room, which reduces energy costs. To find the best electric fireplace for your home, find a dealer near you.

How much to fireplace inserts cost?

How much does a fireplace insert cost? Most fireplace inserts and a professional installation cost about $2,000 to $4,000, depending on the state of your existing chimney and the model you select. Some electric models cost significantly less, but they offer less heat output than wood and gas fireplace inserts.

How economical are electric fireplaces?

Electric fireplaces are becoming more and more popular because of a number of advantages over more traditional fireplaces. One big area in which they excel is in energy efficiency. Spoiler Alert: Electric fireplaces are about 99% efficient, beating out all other fireplaces’ efficiency ratings.

How much do electric fireplace inserts cost?

Most fireplace inserts and a professional installation cost about $2,000 to $4,000, depending on the state of your existing chimney and the model you select. Some electric models cost significantly less, but they offer less heat output than wood and gas fireplace inserts.

Is a fireplace insert a good investment?

Are Fireplace Inserts Worth the Money? Savings: Fireplace inserts can help you to cut down on your heating bill. A fireplace insert is not recommended as a sole use of heating but when used in conjunction with turning down your thermostat, can save you money on your heating bill.

Which is the best electric fireplace insert for Walmart?

. . . Ktaxon Fireplace Stove with 3D Flame Effect 1500W Fireplace with 26″ Electric Embedded Fireplace Insert with Remote Control,Black . . . . . Cambridge 25-In. Freestanding 5116 BTU Electric Fireplace Insert with Remote Control . . Cambridge 28-In.

Do you need a wall mounted electric fireplace?

There are freestanding or wall-mounted electric fireplaces available to accommodate your decor preferences. You may also want to choose one of these fireplaces based on the size of your room. If you have some extra floor space, freestanding models add a dramatic effect to the decor and most resemble traditional built-in units.

What to do with an electric fireplace in your home?

Entertainment Stand in White When you want to introduce the cozy warmth and visual appeal of an electric fireplace to an area in your home, there’s a variety of styles available. There are freestanding or wall-mounted electric fireplaces available to accommodate your decor preferences.

Do you need a freestanding fireplace for your home?

If you have some extra floor space, freestanding models add a dramatic effect to the decor and most resemble traditional built-in units. Check dimensions in the product description to make sure the model you choose fits the space you have available.