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This tool will help you figure out how much it may cost to run either a gas or an electric fireplace. If you are looking for a short answer, here it is:
At a rate of $1.06 per therm, a 5,100 BTU gas fireplace will cost around $.05 per hour. If you run your fireplace for 3 hours per day, that comes out to around $4.87 per month.
At a rate of $.118 per kWh, a 1,500 Watt electric fireplace will cost around $.18 per hour, outputting 5,100 BTU. If you run your electric fireplace 3 hours per day, that comes out to around $16 per month.
If you do an apples-to-apples comparison, outputting 5,100 BTU with Gas at $1.06/therm is around $.05 per hour VS Electric’s $.18 per hour. Gas is clearly cheaper. In addition to comparing the costs you have to keep in mind that electric fireplaces are currently built to output at most 10,000 BTU. That’s a far cry from a 60,000 BTU large gas fireplace.
If you want to get more specifics, use the calculators below.
The formula to calculate the cost to run a gas fireplace is: (Fireplace BTUs Output * Cost Per Therm)/100,000. Note that 1 Therm = 100,000 BTUs.
You can use an energy compare website to get an example rate for your area per therm.
Cost Per Hour:
Cost Per Day:
Cost Per Month:
Cost Per Season (4 Months):
Note: If you are looking for propane (LP) cost per therm, a good point of reference is $2.99 per therm. Check your local rates at this may vary.
The formula to calculate the cost to run an electric fireplace is: (Fireplace Watt Usage / 1000) * Cost Per kWh
You can use an energy compare website to get an idea of how much a kWh costs in your area.
Cost Per Hour:
Cost Per Day:
Cost Per Month:
Cost Per Season (4 Months):
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