Data shows that the electric fireplace market is expected to grow by 3.7% from 2022 to 2032. This is mostly due to how in demand these fireplaces are for homeowners.
Energy efficient fireplace options are becoming more desirable for people looking for this feature. A fireplace adds a lot to a home and can create a cozy environment that most would enjoy.
It has never been easier to add this feature to a home at an affordable price. But you also have to consider the cost of fireplaces regarding energy and how much energy it uses.
Keep reading to find out more about energy efficient fireplace options like an electric fireplace.
Do Electric Fireplaces Use a Lot of Electricity?
One thing that may be holding you back from getting an electric fireplace is the electric bill. This is something that many people worry about since this fireplace runs entirely on electricity.
The good news is that electric fireplaces don’t use as much energy as you may think. In fact, most fireplaces use the same amount of energy as the average space heater does.
An electric fireplace is safer than a space heater and can often be more efficient. Most electric fireplaces use 120 volts of power and around 1500 watts.
Each electric fireplace can be slightly different, so you will want to look at the specific model you have. The typical amount of power required is 1500 watts, but some may only need 750 for lower settings.
This means that electric fireplaces do end up pulling a significant amount of power. But they are energy efficient fireplace options since they work better than other electrical heat sources.
They are cheaper to run than space heaters and heating systems if you just need certain rooms heated.
How Much Does it Cost to Use an Electric Fireplace?
The cost of fireplaces isn’t just about the upfront cost that you have to pay. You also need to consider how much it will cost to run if you want to get your money’s worth out of it.
Whether you have an electric fireplace or a gas fireplace, you will have to pay to run it. The good news is that most people find electric fireplaces to be a more affordable option.
How much this cost is going to depend on how much power the unit consumes, how much you use it, and the cost of electricity. Because of these factors, there is no one number that everyone can depend on.
It is estimated that it costs about $.15 per hour to operate most electric fireplaces. This is considered to be very affordable when you compare this price to other appliances in your home.
For example, running your dishwasher on one cycle can cost $.17 to $.37 per hour. Running one load of laundry can cost $.38 per hour to $1.02 hourly.
Because of these prices, electric fireplaces are very affordable to run. They aren’t going to drastically increase your electric bill or suck a bunch of power from your home.
Electric Vs Gas Fireplaces
If you want to install a fireplace in your home, you may not know which one to choose. Electric fireplaces and gas fireplaces are two of the most popular options that homeowners choose.
Both are great options and provide the ambiance and warmth that you are looking for. Although, it is important to consider how much each option will cost when it comes to operation.
When compared to gas fireplaces, electric fireplaces are the more energy efficient option. It generally costs around $.30 per hour to run a natural gas fireplace.
This means that you will be paying around double for a gas fireplace than you would for an electric. Keep in mind that this also depends on the model and how much gas and electricity costs in your area.
Can an Electric Fireplace Keep Your Home Warm?
If you want a fireplace in your home, you most likely want to take advantage of the heat. The reality is that a fireplace insert only provides so much heat, and it won’t warm your entire home.
This is the reality, no matter what kind of fireplace you get. Most electric fireplaces can heat a 450 square foot sized room quite easily.
This makes them ideal for living rooms or bedrooms that are smaller sized. If you invest in a 240-volt fireplace, you may be able to heat a 1000-square-foot-sized room comfortably.
This is an important part of your decision depending on where the fireplace will be installed. Keep in mind that fireplace inserts are not designed to be your single source of heat.
This is a great option for heating rooms where you spend a lot of time so that you save on other heating methods.
Is an Electric Fireplace Right for Your Home?
You may not know if an electric fireplace is a right fit for your home. After all, you have a lot of fireplace options, and you probably want to choose the most energy efficient option.
The first thing you need to do is look at how much electricity costs in your area. Some people may pay more for electricity or more for natural gas, which will impact the price of your fireplace.
You should also consider the type of heat that you want. A lot of people choose electric fireplaces because they are considered to be very safe with lower risk than gas options.
Energy Efficient Fireplace Options
If you want an energy efficient fireplace, you may be looking into electric fireplaces. The good news is that an electric fireplace can be a very energy efficient option that is also affordable.
Do you want to have an electric fireplace installed? Contact us today at Dreifuss Fireplaces to get a free fireplace installation estimate.