Is An Electric Fireplace Worth It Econmically?
I live in upstate NY, I’m trying to determine is an electric fireplace can save money on my electric bill this winter.
Here is all the info about my sitution:
I live in a 1000sq Condo
electric heat via heat pump
usage during winter for heating as about 1100 KWh per month
electric is billed at $0.137 per KWh according to bill last week
I’m seeing on average electric fireplaces are about 5000BTU which use
about 1500 Kwh.
If I put the fireplace in the same room as thermoustat, my heat pump will run less, how much cooler will the rest of my condo be if I set the thermoustat at 70 degrees during the day and 60 at night
Will I save any money on electric bill my doing that
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October 17, 2009 @ 2:40 pm
Electric fireplaces are very economical. They cost less to run than gas or wood, about 10x less. They can provide supplemental heat for a room up to 20×20. Here’s a link to a place that sells electric fireplaces, you can get more info there. http://www.quicksupply.net/s-12-electric-fireplaces.aspx
October 17, 2009 @ 8:51 pm
yes, but check on line , with something like consumer reports on what the payback time for the fireplace is, also check with your co op or electric company and see what the difference is for using an electric fireplace
October 19, 2009 @ 1:11 pm
At $0.137 per kWh your electric fireplace will cost around $0.20 per hour to operate on the “high” 1,500 watt setting. Once the room comes up to temp and the thermostat on the firplace starts to regulate the heat the power consumption will decrease along with the hourly cost.
Here’s a link to a site with all the information you’re looking for:
http://alternative-heating-info.com