Electric Fireplace Running Costs – 5 Things That Every Consumer Needs To Know

What is the common electric fireplace running cost? That is actually a difficult question to answer, and to be honest, answering it with certainty is impossible to do. To help you figure out the answer to that question, here are five things that every consumer has to know about electric fireplace running costs.

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  1. The average wattage of portable electric fireplaces is 1,350 watts, while the average wattage of wall-mounted electric fireplaces and TV stand fireplaces is 1,500 watts.

It is more appropriate to ask about the wattage of an electric fireplace than its running cost because the latter cannot have a definite answer. Calculating your bill according to the wattage is more definitive than calculating it from a general perspective.

The price of electricity per kilowatt-hour varies from state to state, city to city, and county to county. On average, the running cost of appliances in the East Coast is also slightly higher than that in the West Coast, especially because winter in the East Coast is colder than in the West Coast. Hence, electric fireplace running costs are higher in New York than in Sierra Nevada.

Furthermore, there are a lot of factors that affect running cost, so two families using the same electric fireplace while living in the same neighborhood are very unlikely to pay the same bill. Some of these factors include the level of heat, the brightness, the size of the house or room it warms up, the number of people using the heat, and the temperature inside and outside of the house.

There are also some more advanced electric fireplaces that have additional special features that jack up the running cost. For instance, two electric fireplaces with the same wattage will not consume the same level of electricity if one of them runs with a remote control, has a touch screen panel, and has automatic capabilities while the other does not.

There are brands of electric fireplaces that also have energy-conservation features, so their actual electric consumptions will not reflect the wattage indicated in package. For instance, an energy-efficient electric fireplace with the wattage of 1,350 is unlikely to consume its maximum electric consumption even if it is indicated in the package.

  1. The average American household spends $36.16 in using an electric fireplace for five hours a day every day within a month.

Just to give you an idea, the average cost of electricity per kilowatt-hour in the US is $.10. You should keep in mind, though that more environmentally friendly sources of electricity tend to cost higher.

Using this average cost, a family that uses their electric fireplace for five hours a day while set in low heat and low brightness will have to pay $36.16 every month. Since most consumers agree that low heat is insufficient during winter, it is safe to assume that your electric bill might double or even triple if the electric fireplace is set at maximum.

  1. The running cost of an electric fireplace every month is roughly $7 more than the running cost of a gas-fueled fireplace.

A lot of consumers mistakenly think that using an electric fireplace is more expensive than using a gas-fueled fireplace. They are wrong.

The average running cost of a traditional fireplace burning on natural gas is $30.47. This is a few dollars lower than what an electric fireplace would cost within the same period. However, approximately $9 of what you spend on natural gas is wasted because the combustion cannot be efficiently controlled. This is the exact opposite of an electric fireplace since you get to control the temperature and brightness accurately.

Hence, you only get to consume $21.47 and throw away $9 on gas-fueled fireplace but enjoy every cent of what you pay for an electric fireplace.

  1. Up to 75% of all American families are willing to pay 10% more on environmentally friendly electric fireplaces.

According to the American Home Furnishings Alliance, up to 75% of American families actually do not mind paying 10% more on an electric fireplace, or any environmentally friendly appliance for that matter. Most of the consumers surveyed believe that the health benefits of using an electric fireplace outweigh the higher cost of operating one.

Moreover, most consumers rated other factors much higher than running cost when it came to the important considerations of buying and owning an electric fireplace. In the survey, they gave more importance to convenience, design, attractiveness, durability, and sense of style than to running cost.

While this does not change electric fireplace running costs, it shows that running costs are not as important as what you might think.

  1. Every degree of your thermostat can mean paying 1% more or 1% less on your electric bill.

According to the Energy Information Administration of the United States, at least 45% of what the average American family pays for their electricity during winter goes to heating requirements. That is a huge amount of money, so to lower your bill, you might want to consider lowering your thermostat by one degree. The money you can save is not much, but you might be surprised at how much you can save for years with this energy-conservation habit.

Zone heating as provided by electric fireplaces also helps a lot in lowering your bill. Why warm up the entire house if your family only frequents one or two places within the house?

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