At just pennies a day, modern electric fireplaces are much cheaper than all other forms of heating. For comparison, electric wall fireplaces cost approximately 70% less to operate than a gas fireplace.

Electric fireplaces can also be used as part of a supplemental zone heating strategy. Your built in electric fireplace insert can heat the room you’re currently using as opposed to raising your home’s central thermostat to heat every room. This helps decrease your monthly heating bill by at least 20-40%.