How much value does a wood burning fireplace add?

A homeowner can often recover over 100 percent of the expenses associated with adding a fireplace upon selling their home. According to the National Association of Real Estate Appraisers, adding a fireplace to home can increase the resale value of the home by as much as 6-12 percent.

How much does an electric fireplace add to your bill?

The average electric fireplace uses nearly 1500 watts of power. If you use it just for ambience, then the cost can range anywhere from $0.003 to $0.03 per hour. However, if you use a heating unit as well, the costs will go up to around $0.09 per hour for a medium setting and $0.18 per hour for the maximum setting.

Do wood fireplaces save money?

While wood stoves can help to reduce the amount of firewood used for each fire compared to open fireplaces, they can also be far more efficient at putting out the heat into the room. While the efficiency of open wood burning fireplace can be as little as 10%, wood stoves can have efficiency ratings for up to 90%.

Is it cheaper to heat your house with wood?

Depending on what you pay for electricity, wood heat can be a very cost-effective alternative. For example, if you are paying $0.10 per KWH for energy charges plus delivery charges, fees, and taxes, wood pellets would save you about 50 percent on your heating bill, and cordwood would save even more.

Are electric fireplaces bad for your health?

When it comes to electric fireplace safety, a huge benefit is that they do not emit any harmful gases and fumes such as carbon dioxide and carbon monoxide. Electric fireplaces leave a much smaller carbon footprint because no harmful or lethal gases and toxins are released into the environment.

How does a fireplace affect your energy bill?

But the reality is that you might be sending your energy bill up in smoke. More than 100 million homes in North America are built with wood or gas burning fireplaces and nearly all of them can contribute to energy loss. Putting a Damper on Your Energy Bills. The primary culprit in energy loss is the fireplace’s damper.

How much does wood heat save on electricity?

What are the pros and cons of a wood burning fireplace?

The EPA says this about wood burning fireplaces: “Generally, burning in a wood-burning fireplace is an inefficient way of heating your home. Fireplaces provide less heat to your home, since most of the heat goes out the chimney.” Except for changing a light bulb every 2 or 3 years they are maintenance free.

Can a natural gas fireplace save you money?

For example, if natural gas is expensive one winter and your home uses a gas furnace, an electric fireplace could definitely save you money. Interested in controlling your natural gas and electricity rates?

What are the advantages of having a wood burning fireplace?

The greatest advantage of a wood-burning fireplace is the scent and romance it can bring to any living room in America. Given that this fireplace is completely independent of the energy sources in your home, it can greatly decrease your utility bills. As far as ongoing expenses related to a wood-burning fireplace, you are in complete control.

Is it worth it to buy an electric fireplace?

Electric fireplace sales have been on the rise in recent years, with about 832,000 retail units sold in 2018, statistics show. An electric fireplace generates a higher utility bill but is easy to operate and maintain. The cost includes the unit itself, plus wiring. Since it uses electricity, it doesn’t generate any harmful emissions.